Excise Hiked on Diesel to Rs. 1.46 per litre from Nil

Petrol Excise Cut to Rs. 1.20 per litre from Rs. 6.35 per litre

[Ref: Notification No.35/2012 –Central Excise dated 14th September, 2012]

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17thMarch, 2012, published in the Gazette of India, Extraordinary vide number G.S.R.163 (E) dated 17th March, 2012, namely:-

In the said notification, in the Table,-

(i)  in Sl. No. 70,  for  the entry in column (4), against item (i), the entry “`1.20 per litre” shall  be substituted;

(ii) in Sl. No. 71,  for  the entry in column (4), against item (i), the entry “`1.46 per litre” shall  be substituted.

[F. No. 354/95/2008 –TRU (Part-II)]