CUS NTF NO. 59/2006 DATE 14/06/2006

Govt notifies reduction in Customs duty on petrol & HSD

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2002-Customs, dated the 1st March, 2002 which was published in the Gazette of India, Extraordinary, vide number G.S.R.118 (E), dated the 1st March, 2002, namely:-

In the said notification, in the Table, after S.No.488 and the entries relating thereto, the following shall be inserted, namely:-

(1)	(2)	(3)	(4)	(5)	(6)
"488A.	271011	Motor spirit commonly known as petrol	7.5%	-	-
488B.	27101930	High Speed Diesel (HSD)	7.5%	-	-".

F.No.341/22/2006-TRU

Note: The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification No.57/2006-Customs, dated the 8th June, 2006 which was published in the Gazette of India, Extraordinary vide number G.S.R.353(E), dated the 8th June, 2006.

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