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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 to increase Special Additional Excise Duty leviable on Motor
spirit, commonly known as petrol to ` 12 per litre and on High Speed Diesel oil
(HSD) to ` 9 per litre. This notification has come into force from 6-5-2020. — Noti-
fication No. 5/2020-C.E., dated 5-5-2020. (See page N59)
Road and Infrastructure Cess (RIC) collected as Additional Duty of
Excise on Petrol and HSD increased by ` 8 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 on High
Speed Diesel oil to ` 18 per litre each. This notification has come into force from
6-5-2020. — Notification No. 6/2020-C.E., dated 5-5-2020. (See page N59)

Customs Tariff
Effective rate of Road and Infrastructure Cess, as Additional Duty of
Customs on Petrol and Diesel increased to ` 18 per litre. — The Central Gov-
ernment has amended Notification No. 18/2019-Cus., dated 6-7-2019 to increase
effective rate of Road and Infrastructure Cess collected as Additional Duty of
Customs on Motor Spirit, commonly known as Petrol and on High Speed Diesel
oil (HSD) to ` 18 per litre each. This notification has come into force from 6-5-
2020. — Notification No. 21/2020-Cus., dated 5-5-2020. (See page N60)

Customs Law & Procedure

Exchange rates for import and export of goods. — Exchange rates for
Indian Rupee have been revised for imports and exports w.e.f. 7-5-2020. The val-
ue of USD now stands at ` 76.70 for imports while ` 75.00 for exports. — Notifica-
tion No. 41/2020-Cus. (N.T.), dated 6-5-2020. (See page N62)
India’s Trade Agreements — Provisional clearance of Goods — Clari-
fications. — While drawing reference to Circular No. 18/2020-Cus., dated 11-4-
2020, which provides an option to clear goods under preferential tariff claim, in
terms of Section 18 of Customs Act, 1962, where a Certificate of Origin (CoO) is
not available at time of filing Customs documents, the C.B.I. & C. has clarified
that where original hard copy of CoO has not been submitted or only digitally
signed copy or unsigned copy of CoO is submitted, same may be treated at par
with category as listed at Serial No. 5(c) of the Circular No. 38/2016-Cus., which
prescribes for 100% cash deposit or Bank Guarantee as security of the differential
duty (provided that the Principal Commissioner/Commissioner of Customs may
reduce the amount of security where there are good and justifiable reasons to do

EXCISE LAW TIMES  15th May 2020  27