Road and Infrastructure Cess on Petrol and Diesel Cut to Rs. 5 and Rs. 2 per litre from Rs. 13 and Rs. 8 per litre w.e.f. 22 May 2022

[Notification No. 25/2022-Customs dated 21 May 2022]

Seeks to amend Notification No. 18/2019-Customs reducing Road and Infrastructure Cess (RIC) on Petrol and Diesel.

G.S.R. (E). – In exercise of the powers conferred by section 111 of Finance Act, 2018 (13 of 2018), read with sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 18/2019-Customs, dated the 6th July, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 475 (E), dated the 6th July, 2019, namely:-

In the said notification, in the Table-

(i) against Sl. No. 1, for the entry in column (4), the entry “Rs. 5 per litre” shall be substituted;

(ii) against Sl. No. 2, for the entry in column (4), the entry “Rs. 2 per litre” shall be substituted.

2. This notification shall come into force with effect from the 22nd May, 2022.

[F. No. 354/11/2022–TRU]