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Notification No.19 /2002, Dated 1st Mar, 2002

Exemption to Motor Spirit and High Speed Diesel Oil from Special Additional Excise Duty.

1st March, 2002

Notification No.19 /2002-Central Excise

            In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise 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 of 1931) 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) and specified in column(2) of the Table hereto annexed , from so much of the special additional excise duty leviable thereon under sub-clause(1) of clause 140 of the said Finance Bill, as is in excess of the amount indicated in the corresponding entry in column (3) of the said Table

Table

S.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

T.R.Rustagi
Joint Secretary to the Government of India

F.No 334/1/2002-TRU

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