CENTRAL EXCISE Notification No 03 of 2020 dated 13th March, 2020

Posted on 11 June 2022 Category : Notifications

Notification no 03/2019 CENTRAL EXCISE date on 13th March, 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.

The extract of CENTRAL EXCISE Notification No. 03/2020- CENTRAL EXCISE is given below:

Notification No. 03/2020-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. 3/2020-Central Excise

New Delhi, the 13^th March, 2020

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 6^th July, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 488(E), dated the 6^th July, 2019, namely:-

In the said notification, in the Table,-

(i) against Sl. No. 1, for the entry in column (4), the entry “Rs. 10 per litre” shall be substituted;

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