CBIC increases the effective rate of Road and Infrastructure Cess (RIC) collected as additional duty of excise on petrol and diesel by Rs. 8 per litre

Circular No. ES/111/2020-21                                                            6th May, 2020             

 

To : Members of the Council

 

Sub: CBIC increases the effective rate of Road and Infrastructure Cess (RIC) collected as additional duty of excise on petrol and diesel by Rs. 8 per litre

 

Dear Member,

 

CBIC has issued Notification No.6/2020-Central Excise dated 5th May, 2020 by making amendments in Notification No. 04/2019-Central Excise dated the 6 th July, 2019

 

S. No. 

Chapter or heading or sub-heading or tariff item

Description of goods

Existing Rate

Amended Rate

1

2710

Motor spirit commonly known as petrol

Rs. 9 per litre

Rs. 18 per litre

2

2710

High speed diesel oil

Rs. 9 per litre

Rs. 18 per litre

 

Please note that this notification shall come into force w.e.f. 6th May, 2020.

 

Members may kindly make a note of the above changes.

 

Thanking you,

 

Yours faithfully,

 

S.BALARAJU

EXECUTIVE DIRECTOR

 

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