Road and Infrastructure Cess Slashed:

· Petrol by Rs. 5 to Rs. 13 per litre (from Rs. 18 per litre)

· Diesel by Rs. 10 to Rs. 8 per litre (from Rs. 18 per litre)

[Notification No.52 /2021-Customs dated 3 November 2021]

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 6^th 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 6^th July, 2019, namely:-

In the said notification, in the Table-

(i) against Sl. No. 1, for the entry in column (4), the entry “Rs. 13 per litre” shall be substituted;

(ii) against Sl. No. 2, for the entry in column (4), the entry “Rs. 8 per litre” shall be substituted.

2. This notification shall come into force with effect from the 4^th November, 2021.

[F. No. 354/72/2021–TRU]