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
