The Central Board of Indirect Taxes and Customs (CBIC) on September 02, 2024, notified regarding the amendment in the older notification no. 04/2022-Central Excise, dated June 30, 2022, related to the rates of Special Additional Excise Duty for exports of petrol and diesel.
The following has been stated namely: -
• In the Table, against S. No. 1, for the entry in column (3), the entry “Motor spirit, commonly known as petrol, when cleared for export to countries other than Bhutan” shall be substituted.
• In the Table, after S. No. 1 and the entries relating thereto, a new S. No. 1A and entries related to “Motor spirit, commonly known as petrol, when cleared for export to Bhutan” shall be inserted.
• In the Table, against S. No. 2, for the entry in column (3), the entry “High speed diesel oil, when cleared for export to countries other than Bhutan” shall be substituted.
• In the Table, after S. No. 2 and the entries relating thereto, a new S. No. 3 and entries related to “High speed diesel oil, when cleared for export to Bhutan” shall be inserted.
• This shall come into force on September 03, 2024.
[Notification no. - 23/2024-Central Excise]
