Page 29 - ELT_1_1st April 2020_Vol 372_Part

Central Excise

Special Additional Duty (SAD) on Petrol and High Speed Diesel oil
increased. — The Central Government has amended Notification No. 5/2019-
C.E., dated 6-7-2019, with effect from the 14-3-2020 to increase Special Additional
Excise Duty leviable on Motor spirit, commonly known as petrol to ` 10 per litre
and on High Speed Diesel oil (HSD) to ` 4 per litre. This notification has come
into force from 14-3-2020. — Notification No. 3/2020-C.E., dated 13-3-2020. (See page
N3)
Road and Infrastructure Cess (RIC) collected as additional duty of Ex-
cise on Petrol and HSD increased by ` 1 per litre. — The Central Government
has amended Notification No. 4/2019-C.E., dated 6-7-2019 to increase Road and
Infrastructure Cess on Motor spirit, commonly known as petrol and High Speed
Diesel oil to ` 10 per litre each. This notification has come into force from
14-3-2020. — Notification No. 4/2020-C.E., dated 13-3-2020. (See page N3)
Customs Tariff

Effective rate of Road and Infrastructure Cess, as Additional Duty of
Customs, on Petrol and Diesel increased to ` 10 per litre. — The Central Gov-
ernment has amended Notification No. 18/2019-Cus., dated 6-7-2019 to increase
the effective rate of Road and Infrastructure cess as Additional Duty of Customs
on Motor Spirit, commonly known as Petrol to ` 10 per litre and on High Speed
Diesel oil (HSD) to ` 10 per litre. This notification has come into force on 14-3-
2020. — Notification No. 15/2020-Cus., dated 13-3-2020. (See page N6)
Tariff values of Crude Palm Oil, RBD Palm Oil, Palm Oil (others),
Crude Palmolein, RBD Palmolein, Palmolein (others), Soyabean oil, Brass
Scrap (all grades), Gold and Silver revised. — Tariff values of Crude Palm Oil,
RBD Palm Oil, Palm Oil (others), Crude Palmolein, RBD Palmolein, Palmolein
(others), Soyabean oil and Brass Scrap (all grades) have been revised to US $ 670,
695, 683, 698, 701, 700, 733 and 3283 per M.T. respectively. Furthermore, tariff
value of Gold imported by eligible passenger; Gold bars other than tola bars and
Gold coins having gold content not below 99.5% and gold findings have been
revised to US $ 505 per ten gram each and Silver, imported by eligible Passenger;
Silver, in any form, other than medallions and silver coins, and Medallions and
silver coins having silver content not below 99.9%, etc. have been revised to US $
533 per kilogram each. — Notification No. 24/2020-Cus. (N.T.), dated 13-3-2020. (See
page N6)
Tariff value for silver revised. — Tariff values of Silver, imported by el-
igible Passenger; Silver, in any form, other than medallions and silver coins, and
Medallions and silver coins having silver content not below 99.9%, etc. have been
revised to US $ 402 per kilogram each. — Notification No. 26/2020-Cus. (N.T.), dat-
ed 18-3-2020. (See page N9)

EXCISE LAW TIMES  1st April 2020  77