CENTRAL EXCISE Notification No 01 of 2024 dated 1st January, 2024

Notification no 01/2024 CENTRAL EXCISE date on 1st January, 2024

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and reduce the Special Additional Excise Duty on export of ATF. 

The extract of CENTRAL EXCISE Notification No. 01/2024- CENTRAL EXCISE is given below: 

Notification No. 01/2024-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. 01/2024-Central Excise 

New Delhi, the 1^st January, 2024

G.S.R......(E).–In exercise of the powers conferred by section 5A of the Central Excise Act, 1944  (1  of 1944) read with section 147 of the Finance Act, 2002 (20 of 2002), 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. 18/2022-Central Excise, dated the 19^th July, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19^th July, 2022, namely:-

In the said notification, in the Table, -

(i)          against S. No. 1, for the entry in column (4), the entry “Rs. 2300 per tonne” shall be substituted; 

(ii)         against S. No. 2, for the entry in column (4), the entry “Rs. Nil per litre” shall be substituted

1. This notification shall come into force on the 2^nd day of January, 2024. 

[F. No. 354/15/2022-TRU] 

(Nitish Karnatak) 

Under Secretary to the Government of India 

Note: The principal notification No. 18/2022-Central Excise, dated the 19^th July, 2022 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19^th July, 2022, and was last amended vide notification No. 41/2023-Central Excise, dated the 18^th December, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 896(E), dated the 18^th December, 2023.