Seeks to exempt certain applicable duties on petrol, diesel and ATF cleared for exports - 08/2022 - Central Excise - Tariff

MINISTRY OF FINANCE

(Department of Revenue)

NOTIFICATION NO. No. 08/2022-Central Excise

New Delhi, the 30th June, 2022

G.S.R. 496(E).-In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 112 of the Finance Act, 2018 (13 of 2018) and section 125 of the Finance Act, 2021 (13 of 2021), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of description falling under Column (2) of the Table below from the whole of duties in Column (3) of the said Table ¹[when such goods are cleared for exports or supplied as fuel to foreign going aircraft].

TABLE

S. No.	Description of Item	The Specified Duty
(1)	(2)	(3)
1.	(i) Motor Spirit commonly known as Petrol (ii) High Speed Diesel	(i) Basic Excise Duty (ii) Agricultural Infrastructure Development Cess
2.	Aviation Turbine Fuel	Basic Excise Duty

Explanation: For the purpose of this notification, -

(i) “Agricultural Infrastructure Development Cess” means the cess levied under section 125 of the Finance Act, 2021 (3 of 2021);

(ii) “Basic Excise Duty” means the duty levied under Section 3 of the Central Excise Act, 1944 (1 of 1944);

(iii) “Export”, with its grammatical variations and cognate expressions, means taking goods out of India to a place outside India;

2. This notification shall come into force on the 1st day of July, 2022.

[F. No. 354/15/2022-TRU]

VIKRAM VIJAY WANERE, Under Secy.

 

 

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NOTES:-

1. Corrected vide CORRIGENDUM NO. G.S.R. 523(E) dated 07-07-2022 before it was read as, "when such goods are cleared for exports"