MoF reduces the Special Additional Excise Duty on production of Petroleum Crude and export of Aviation Turbine Fuel

Jul 20, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Ministry of Finance (MoF) on July 19, 2022, has issued notification regarding the exemption of excisable goods in the fourth schedule under the Central Excise Act, 1944. This shall come into effect from July 20, 2022. 

The following goods have been exempted:

• Petroleum crude

• Aviation Turbine Fuel

*Disclaimer: Kindly find the detailed table in the provided link/document.  

[Notification No: 18/2022]

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