CENVAT leviable on high speed diesel and the special duty of excise on motor spirit (commonly known as petrol), falling under heading No.27.10 of the First Schedule should be increased

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..... known as petrol), falling under heading No.27.10 of the First Schedule should be increased (This Notification has been rescinded vide Notification No.12/2002 -CE.,Dt.1/3/2002) NOTIFICATION NO. 01/2002-CE DATED 11/01/2002 WHEREAS the Central Government is satisfied that the duty of excise [called the Central Value Added Tax (CENVAT)] leviable on high speed diesel and the specia .....

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..... ing in column (2), for the entry in column (4), the entry "20%" shall be substituted; (ii) in the Second Schedule to the said Central Excise Tariff Act, against sub-heading No.2710.19 occurring in column (2), for the entry in column (4), the entry "74%" shall be substituted. 2. This notification shall come into force on the 12th day of January, 2002 and shall cease to have effect on the 1st day .....

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