Notification no 01/2022 CENTRAL EXCISE date on 1^st  February, 2022

 

 

Seeks  to  further  amend  Notification  No.  11/2017-Central  Excise,  dated  30th  June,  2017,  to  increase Basic Excise Duty on Unblended Petrol and Diesel, in order to promote Blending in the country.

 

The extract of CENTRAL EXCISE Notification No. 01/2022- CENTRAL EXCISE is given below:

 

Notification No. 01/2022-CENTRAL EXCISE

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

 

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

 

Notification No. 01/2022 -Central Excise

 

New Delhi, the 1^st February, 2022

 

G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), 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. 11/2017-Central Excise, dated the 30^th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 793(E), dated the 30^th June, 2017, namely:-

 

In the said notification, in the Table, -

 

(i)   against Sl. No. 2, in column (3), after item (ii), the following proviso shall be inserted with effect from the 1^st day of October, 2022, namely:-

 

“Provided that nothing contained in this Sl. No. shall apply to motor spirit, commonly known as petrol, which is intended for retail sale to consumers, not so blended with ethanol or methanol as conforming to Bureau of Indian Standards specifications from time to time for blended motor spirit.”;

 

(ii)   after Sl. No. 2 and the entries relating thereto, the following serial number and entries shall be inserted, with effect from the 1^st day of October, 2022 namely: -

 

“2A.	2710	Motor spirit commonly known as petrol which is intended for
		retail sale, not so blended with ethanol or methanol as conforming
		to Bureau of Indian Standards specifications from time to time
		for blended motor spirit-
		(i) without a brand name;	Rs. 3.40 per litre
		(ii) with a brand name.	Rs. 4.60 per litre”;

 

 

(iii)   against Sl. No. 3, in column (3), after item (ii), the following proviso shall be inserted, with effect from the 1^st day of October, 2022 namely:-

 

“Provided that nothing contained in this Sl. No. shall apply to High Speed Diesel (HSD), which is intended for retail sale to consumers, not so blended with alkyl esters of long chain fatty acids obtained from vegetable oils, commonly known as bio-diesels as conforming to Bureau of Indian Standards specifications from time to time for blended diesel.”; 

 

(iv)  after Sl. No. 3 and the entries relating thereto, the following serial number and entries shall be inserted, with effect from the 1^st day of October, 2022 namely: -“3A. 27101930 High speed diesel (HSD) intended for retail sale, not so blended with alkyl esters of long chain fatty acids obtained from vegetable oils, commonly known as bio-diesels as conforming to Bureau of  Indian Standards specifications from time to time for blended diesel - 

(i)   without a brand name;   Rs. 3.80 per litre

(ii)    with a brand name.   Rs. 6.20 per litre”.