MoF exempts the excisable good High-speed diesel oil falling within Fourth Schedule to the said Excise Act

Apr 19, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Ministry of Finance (MoF) on April 18, 2023, issued an amendment to Notification No. 04/2022 – Central Excise dated June 30, 2022, which states the exemption of certain excisable goods falling within the Chapter, heading, or sub-heading or tariff item of the Fourth Schedule to the said Excise Act.

The following has been amended namely: -

• In the table against S. No. 2 which states “High speed diesel oil” the rate shall be substituted to “Rs. Nil per litre”

This shall come into force on April 19, 2023

 

[Notification No. 19/2023-Central Excise]

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