The CBIC vide Notification No. 05/2022-Central Excise dated June 30, 2022 has issued the amendments in the 8th Schedule of the Finance Act 2002 (“the Finance Act”) in order to notify the levy of Special Additional Excise Duty under the Section 147 of the Finance Act on Petroleum crude, and Aviation Turbine Fuel falling under heading 2709 and 2710 of the 4th Schedule to the Central Excise Act, 1944 respectively, w.e.f. July 1, 2022, in a following manner:
|
Item No. |
Description of goods |
Rate of duty |
|
3 |
Petroleum crude | Rs. 23250 per tonne |
| 4 | Aviation Turbine Fuel |
Rs. 6 per Litre |
The Notification can be accessed at: https://taxinformation.cbic.gov.in/view-pdf/1009400/ENG/Notifications
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