Petroleum Products - Change in the duties - Central Excise - 341/65/99-TRU (Pt.)

Petroleum Products - Change in the duties Circular No. 341/65/99-TRU (Pt.) Dated 29-9-2000 Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi I am directed to say that the following changes have been made which would come into effect from 30th September, 2000. Basic customs duty on crude petroleum oils falling under heading No. 27.09 of the Customs Tariff Schedule has been reduced from 15% to 10%. Basic customs duty on petroleum products falling under heading Nos. 27.10, 27.12, 27.13 or 27.15 that are charged to 25% duty will be charged to 20% duty. Basic duty on kerosene imported for parallel marketing continues at 35%. High Speed diesel oil has been exempted from CENVAT in excess of 75% of the CENVAT duty, accordingly, high speed diesel oil will be chargeable to CENVAT @ 12%. Motor spirit commonly known as petrol has been exempted from special duty of excise. Accordingly, this product will be chargeable only to CENVAT @ 16%. Notification No. 26/2000-Customs and No. 50/2000-Central Excise, both dated 29th September, 2000 have been issued. Both these notifications come into force on the 30th day of September, 2000. Copies of the Notifications follow. They shall also be available on the Website. Necessary action may kindly be taken to implement the above changes.