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Date: 17-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

Central Excise

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Description of the Gazette Notification

  • This notification, issued by the Ministry of Finance (Department of Revenue), Government of India, amends a previous notification (No. 18/2022-Central Excise, dated July 19, 2022) related to Central Excise.
  • The amendment specifically alters the entry in column (4) of the table within notification No. 18/2022-Central Excise. The original entry is replaced with “Nil per tonne”.

Key Changes

  • Amendment to notification No. 18/2022-Central Excise, dated July 19, 2022.
  • Specific change: In the table within the original notification, against serial number 1, column 4, the entry is changed from an unspecified value to “Nil per tonne”.
  • The amendment comes into effect on September 18, 2024.
  • This is the third amendment to the principal notification (No. 18/2022-Central Excise). Previous amendments were made on September 2nd, 2024 (Notification No. 22/2024-Central Excise).

Impact Analysis

Impact on Businesses

  • A reduction to 'Nil per tonne' suggests a potential decrease in excise duty payable, leading to cost savings for some businesses.

Impact on Government Revenue

  • The extent of the revenue impact will depend on the volume of goods previously subject to the duty represented by the unspecified value in column 4.

Suggested Action Items

  • The government should monitor the impact of this change on revenue collection and consider further adjustments if necessary.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority of the notification. Responsible for tax collection and policy in India. Central Excise Act, 1944 (1 of 1944): The primary law under which the notification is issued. Governs the levy and collection of excise duties. Finance Act, 2002 (20 of 2002): A supplementary law providing legal basis for the powers exercised in issuing the notification. Notification No. 18/2022-Central Excise (dated July 19, 2022): The principal notification amended by the current notification. Notification No. 22/2024-Central Excise (dated September 2, 2024): A previous amendment to the principal notification.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-17092024-257196 xxxGIDHxxx CG-DLxx-xEG-I1D7E0x9x2x0 24-257196 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 533] नई दिल्ली, मगं लिार, जसतम्ब र 17, 2024/भार 26, 1946 No. 533] NEW DELHI, TUESDAY, SEPTEMBER 17, 2024/BHADRA 26, 1946 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अधिसचू ना नई दिल् ली, 17 जसतम्ब र, 2024 स.ं 25/2024-केन्‍दर ीय उत्प ाि िल्ु क सा.का.जन. 575(अ).— केंरीय सरकार, जित् त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्‍द रीय उत् पाि िल्ु क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रित् त िजतियय का प्रयगग करत े ुए, यह समाधान हग िान े पर दक ऐसा करना लगक जहत म ें आिश् यक ह, भारत सरकार, जित् त मत्रं ालय (रािस्ट् ि जिभाग) की अजधसचू ना संख् या 18/2022-केन्‍द रीय उत् पाि िल्ु क, दिनांक, 19 िुलाई, 2022, जिसे संख्या सा.का.जन. 584 (अ), दिनांक 19 िुलाई, 2022, में भारत के रािपत्र, असाधारण, भाग-II, खंड 3, उप खडं (i) में प्रकाजित दकया गया था, में और आग े भी जनम्न जलजखत संिगधन करती ह, यथा:- उक्त अजधसूचना म,ें सारणी म,ें - (i) क्रमांक 1 के सामन,े कॉलम (4) में प्रजिजि के जलए, प्रजिजि “िून्‍द य प्रजत टन" कग प्रजतस्ट्थाजपत दकया िाएगा; 5940 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] 2. यह अजधसूचना 18 जसतम्बर 2024 से प्रिृत्त हगगी । [फा. स.ं 354/15/2022-टीआरयू] अम्रीता टाइटस, उप सधचव नगट : मख्ु य अजधसूचना संख्या 1 /2022-केन्‍द रीय उत् पाि िुल्क , दिनांक 19 िुलाई, 2022 जिसे सा.का.जन. संख्या 5 4 (अ), दिनांक 19 िलु ाई, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खडं 3, उपखंड (i) में प्रकाधित दकया गया था और इसमें अंजतम बार अजधसूचना संख्या 22/2024- केन्‍द रीय उत् पाि िल्ु क, दिनांक 02 जसतम्बर, 2024 जिसे सा.का.जन. संख्या 532(अ), दिनांक 02 जसतम्बर, 2024 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में प्रकाजित दकया गया था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 17th September, 2024 No. 25/2024-Central Excise G.S.R. 575(E).— In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of the Finance Act, 2002 (20 of 2002), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 18/2022-Central Excise, dated the 19th July, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19th July, 2022, namely:- In the said notification, in the Table, - (i) against S. No. 1, for the entry in column (4), the entry “Nil per tonne” shall be substituted; 2. This notification shall come into force on the 18th day of September, 2024. [F. No. 354/15/2022-TRU] AMREETA TITUS, Dy. Secy. Note: The principal notification No. 18/2022-Central Excise, dated the 19th July, 2022 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19th July, 2022, and was last amended vide notification No. 22/2024-Central Excise, dated the 2nd September, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 532(E), dated the 2nd September, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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