July 20 reduction in export duties: What are the implications? – 22 Jul 2022

On July 20,2022, the GoI has also reduced the cesses imposed on July 1, 2022, on exports of HSD (by Rs 3/litre to Rs 10/litre now), and ATF (by Rs 2/litre to Rs 4/litre now) and removed the cess on exports of MS (of Rs 6/litre). The GoI has further exempted exports from SEZ units from the levy of the Special Additional Excise Duty (SAED).

What is the impact of this?