The Special Additional Excise Duty (SAED) imposed by the Government of India on domestically produced petroleum products has been revised, following the earlier revision on July 20:
- SAED on domestically produced crude increased to INR 17,750 per tonne from INR 17,000 per tonne
- SAED on export of diesel reduced to INR 5 per litre from INR 11 per litre
- SAED on export of aviation turbine fuel is now exempt
The relevant notifications No. 21 & 22 /2022, which shall be effective August 03, 2022, can be accessed here.