The CBIC vide Notification No. 03/2022-Central Excise dated June 30, 2022 has issued amendment in its earlier Notification No. 05/2019-Central Excise, dated July 6, 2019 (“N/N 05”), which exempts the levy of Special Additional Excise Duty (“SAED”) on Petrol and Diesel in excess of the rate specified therein, w.e.f. July 1, 2022, in a following manner:
- Clause (2) has been inserted in the N/N 05 so as to provide non-applicability of the N/N 05 when the goods are cleared for export.
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009398/ENG/Notifications
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