NTF. NO. 03/2020-CE, DT. 13/03/2020
Seeks to amend notification No. 05/2019-Central Excise dated 6th July, 2019 so as to increase effective rate of Special Additional Excise Duty (SAED) on petrol and diesel by Rs. 2 per litre.
G.S.R.(E). - In exercise of the powers conferred by section 147 of Finance Act, 2002 (20 of 2002), read with section 5A of the Central Excise Act, 1944 (1 of 1944)(herein after referred to as the Excise Act), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 05/2019-Central Excise, dated the 6thJuly, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 488(E), dated the 6th July, 2019, namely:-
In the said notification, in theTable,-
(i) against Sl.No.1, for the entryin column (4), the entry “Rs. 10per litre” shall be substituted;
(ii) againstSl.No.2, for the entry in column (4), the entry “Rs. 4per litre” shall be substituted;
2. This notification shall come into force with effect from the 14th March, 2020.
[F.No.354/123/2014-TRU(Pt-1)]
(Gaurav Singh)
Deputy Secretary to the Government of India
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