Seeks to amend notification No. 18/2019-Customs dated 6th July, 2019 so as to increase effective rate of Road and Infrastructure Cess (RIC) collected as additional duty of customs on petrol and diesel

Last updated: 16 March 2020

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This notification amends the previous customs notification (No. 18/2019-Customs) to increase the effective rate of the Road and Infrastructure Cess (RIC). This cess is collected as an additional customs duty on petrol and diesel. The changes will come into effect from 14th March 2020.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 15/2020-Customs New Delhi, the 13th March, 2020 G.S.R. (E). In exercise of the powers conferred by section 111 of Finance Act, 2018 (13 of 2018), read with sub-section (1) of section 25 of the C

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FAQ :

This notification seeks to amend notification No. 18/2019-Customs dated 6th July, 2019, to increase the effective rate of the Road and Infrastructure Cess (RIC) collected as an additional customs duty on petrol and diesel.

The notification specifies that for Sl. No. 1 and Sl. No. 2 in the table, the entry in column (4) will be substituted with 'Rs. 10 per litre'.

This notification shall come into force with effect from the 14th March, 2020.

The change affects petrol and diesel, as the Road and Infrastructure Cess (RIC) is collected as an additional duty of customs on these products.