Quick Summary
The Ministry of Finance, India has issued a series of notifications amending the provisions under the Central Excise Act, 1944 and related rules. These changes primarily impact petrol (motor spirit), high-speed diesel (HSD) and aviation turbine fuel (ATF), with immediate effect. Key Highlights of
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FAQ :
The changes primarily affect petrol (motor spirit), high-speed diesel (HSD), and aviation turbine fuel (ATF).
Yes, benefits under Central Excise Rules 18 and 19 will not apply to petrol, diesel, and ATF exports, except for supplies exported by Public Sector Oil Companies to Nepal, Bhutan, Bangladesh, and Sri Lanka.
A new levy of Rs 50 per litre has been introduced for ATF, alongside a partial exemption structure of Rs 29.5 per litre.
These changes effectively restrict export-related benefits for most private players dealing in fuel.
The excise duty on HSD is Rs 18.5 per litre under the Special Additional Excise Duty cap and Rs 3 per litre under additional duty provisions.
Yes, under the Customs Act, 1962, ATF imports are now exempt from additional customs duty equivalent to excise duty.
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