Government On Monday, India has increased the Special Additional Excise Duty (SAED) i.e. windfall tax on the export of diesel and ATF (aviation turbine fuel). This information has been received from a government notification. According to the notification issued by the Revenue Department, the export duty on export of diesel has been increased by 50 paise per liter from Rs 13.5 per liter to Rs 14 per liter. Whereas, the duty on export of ATF has been increased by Rs 3 per liter from Rs 9.5 per liter to Rs 12.5 per liter.
No change in duty on export of petrol
There has been no change in the tax on export of petrol. The duty on petrol export has been maintained at Rs 1.5 per litre. According to the government notification, the new export duty rates will come into effect from Tuesday, June 16 and will remain in effect for the next two weeks as part of the government review process.
Government reviews rates every 15 days
These changes were announced through amendments in the Central Excise Notification issued on March 26 and later revised on May 30. India periodically reviews the special additional excise duty imposed on the export of crude oil and petroleum products produced in the country. Its rates are linked to changes in international crude oil prices and refining margins. This tax is separate from the tax on sale of domestic fuel and does not have a direct impact on the retail prices of petrol, diesel or aviation fuel in the domestic market.
Last time the government had reduced the export duty
Earlier, the government had reduced the tax imposed on the export of petrol, diesel and ATF, which came into effect from June 1. According to a notification dated May 31, the Special Additional Excise Duty (SAED) on export of petrol was reduced from Rs 3 per liter to Rs 1.5 per liter. Similarly, the tax imposed on export of diesel was reduced from Rs 16.5 per liter to Rs 13.5 per litre.
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SK Sharma is a content writer who writes on news, entertainment, and lifestyle topics. She has over four years of experience and is known for conveying information in simple and clear language.
