NTF. NO. 19/2002-CE, DT. 01/03/2002
(This Ntf. 19/2002-CE, has been supersessed vide Ntf. No. 28/2002-CE, dt. 13/05/2002)
Seeks to prescribe the effective rate of special additional duty ofexcise on motor spirit and high speed diesel.
G.S.R. (E).— In exercise of the powers conferred by sub-section (1) of section 5A of the CentralExcise Act, 1944 (1 of 1944) read with sub-clause (3) of clause 140 of the Finance Bill, 2002 , which clause has,by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of1931) the force of law, the Central Government, being satisfied that it is necessary in the public interest so to do,hereby exempts goods falling within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) andspecified in column(2) of the Table hereto annexed , from so much of the special additional excise duty leviablethereon under sub-clause(1) of clause 140 of the said Finance Bill, as is in excess of the amount indicated in thecorresponding entry in column (3) of the said Table
TableS.No | Description of goods | Rate |
(1) | (2) | (3) |
1. | Motor spirit , commonly known as petrol | Rupees six per litre |
2. | High speed diesel oil | Nil |
[F.No 334/1/2002-TRU]
(T.R.Rustagi)
Joint Secretary to the Government of India
(Please see Ntf No.21/2002-CE.,Dt.1/3/2002)Presented by eximkey.com