The Ministry of Finance on May 5, 2020 exercised their powers under the Finance Act, 2018 along with the Central Excise Act, 1944 has decided to increase the effective rate of road and infrastructure cess collected as additional duty of excise on petrol and diesel. The price increase shall be Rupees 18 per litre, be it diesel or petrol.
[Notification No. 6/2020-Central Excise]
Get all CBIC Updates in one place, Subscribe us to never miss an update from CBIC, Goal of AVACOM for compliance officers is to understand legal updates in India and how the company needs to file the compliances to avoid fines and penalties, it is achieving that goal, so it can be documented and as necessary, shown to regulators or other stakeholders who might be asking about the company’s compliance program.
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