The Central Board of Indirect Taxes & Customs (CBIC) has amended Notification No. 10/2022-Central Excise, dated the 30th June, 2022 to exempt export of Petrol and Diesel to Bhutan.
The Board in the exercise of the powers conferred by section 5A of the Central Excise Act, 1944 read with section 112 of Finance Act, 2018 made amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 10/2022-Central Excise, dated the 30th June, 2022.
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In the notification, in the Table, against S. No. 1, for the entry in column (3), the entry “Motor spirit, commonly known as petrol, when cleared for export to countries other than Bhutan” was substituted.
The Board has inserted S. No. 1A stating the excise duty exemption shall be available to Motor spirit, commonly known as petrol, when cleared for export to Bhutan.
The notification shall come into force on the 3rd September, 2024.
Notification No. 24/2024-Central Excise
Date: 02/09/2024
