Quick Summary
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 Customs Act, 1962 (52 of 1962), 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
Daily Limit Reached
You have reached your daily limit of 2 Free Notice & Circular
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited Notice & Circular Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
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.
CAclubindia
