TIOL-DDT 2767 · Monday, 18 January 2016 · story 5 of 7

Excise Duty on Petrol and Diesel hiked

GOVERNMENT has hiked the excise duty on petrol and diesel with effect from 16th January 2016

Sl. No.

Chapter or heading or sub-heading or tariff item of the First Schedule

Description of excisable goods

Existing Rate

Rate w.e.f
16 01 2016

(1)

(2)

(3)

(4)

(5)

70

2710

Motor spirit commonly known as petrol,-

(i) intended for sale without a brand name;

Rs. 7.73 per litre

Rs. 8.48 per litre

(ii) other than those specified at (i)

Rs.8.91per litre

Rs.9.66 per litre

71

2710 19 30

High speed diesel (HSD),-

(i) intended for sale without a brand name;

Rs. 7.83 per litre

Rs. 9.83 per litre

(ii) other than those specified at (i)

Rs. 10.19 per litre

Rs. 12.19per litre

Notification , Dated: January 15, 2016

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