Hike in Special Additional Excise Duty on Petroleum Crude and Aviation Turbine Fuel w.e.f. January 3, 2023

By /

Notification And Circular, Notification and Circular

The CBIC vide Notification No. 01/2023-Central Excise dated January 2, 2023 has issued amendments in its earlier Notification No. 18/2022-Central Excise dated July 19, 2022 (“NN. 18”) which reduced the Special Additional Excise Duty on the production of Petroleum Crude and export of Aviation Turbine Fuel, in order to further increase the Special Additional Excise Duty w.e.f. January 3, 2023, in a following manner:

S. No.

Chapter or heading or subheading or tariff item

Description of Goods

 Rate

Revised Rate

1.

 2709 Petroleum crude INR 1,700 per tonne INR 2,100 per tonne
2. 2710 Aviation Turbine Fuel INR 1.50 per litre

INR 4.50 per litre

The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009604/ENG/Notifications

__________________________________________________________________________________________

✨ Become “GST Expert” ✨

📍Special Offer to become – GST Expert – Gold (Annual Plan)

Original Price: Rs. 21,000/-
(Inclusive of GST)

🌟 Special Price: Rs. 18,000/- 🌟
(Inclusive of GST)

Note: Special new year offer valid till 15 January 2023

👇 Subscribe Now !! 👇
https://www.a2ztaxcorp.in/product/gst-expert/

 

Entitled for CY 2023:

  • 2 Opinions (through email reply) on any 2 Questions in GST within 24 -48 Hours*
  • Online Recorded GST Course on “Scrutiny Notices, Assessment, Audit, Inspection, Search, Seizure and Arrest under GST” (Updated – November 2022)
  • Customized One Year GST Updates/ Analyses of Important GST Judgments on your mobile and email
  • Weekly Newsletters on GST (PDF)
  • GST Compliance Calendar (PDF)
  • Participation in all Webinar/ Seminar by CA Bimal Jain in CY 2023
  • Monthly Webinar on Recent Changes in GST Law (Held on Friday of Last Week of Each Month)

*T&C Apply

For details, or any queries, 

Call us at: 8076563802, 011 42427056 or E-Mail us at: info@a2ztaxcorp.com, intern@a2ztaxcorp.com or Visit: www.a2ztaxcorp.in

 

 

Related Posts

Scroll to Top