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CBIC reduces Central Excise duty rates on motor spirit (petrol) and High-speed diesel (HSD)

Circular No.ES/240/ 2018-19                                                       6th October, 2018

To: Members of the Council

Sub: CBIC reduces Central Excise duty rates on motor spirit (petrol) and High-speed diesel (HSD)

Dear Member,

The Council would like to inform you that CBIC has issued Notification No. 21/2018-Central Excise dated 4th October, 2018 by making amendments in Notification No. 11/2017-Central Excise dated 30th June, 2017 in order to reduce Central Excise duty rates on motor spirit (petrol) (HS Code 2710)  and High-speed diesel (HS Code 27101930) w.e.f  5th October, 2018.

Relevant extract of the Notification No. 21/2018- Central Excise is given here- below:-

Sr. No.

Chapter or heading or sub-heading or tariff item of the First Schedule

 

Description of goods

Amended Duty Rate

2

2710

Motor spirit commonly known as petrol,-

 

 

 

(i) intended for sale without a brand name

Rs. 2.98 per litre

 

 

(ii) other than those specified at (i)

Rs. 4.16 per litre

3

27101930

High speed diesel (HSD),-

 

 

 

(i) intended for sale without a brand name;

Rs. 4.83 per litre

 

 

(ii) other than those specified at (i)

Rs. 7.19 per litre

Members may kindly make a note of the above amendments.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR

 

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