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Date: 01-Jan-2024 Category: Extra Ordinary State: Union Government Country: India

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)

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Notification 01/2024-Central Excise

  • This notification amends notification No. 18/2022-Central Excise, dated 19th July, 2022.
  • It substitutes the entry in column (4) against S. No. 1 in the table of the original notification with 'Rs. 2300 per tonne'.
  • It substitutes the entry in column (4) against S. No. 2 in the table of the original notification with 'Rs. Nil per litre'.
  • This notification comes into force on January 2, 2024.

Notification 02/2024-Central Excise

  • This notification amends notification No. 04/2022-Central Excise, dated 30th June, 2022.
  • It substitutes the entry in column (4) against S. No. 2 in the table of the original notification with 'Rs. Nil per litre'.
  • This notification comes into force on January 2, 2024.

Key Changes

  • Notification 01/2024-Central Excise changes the central excise duty on certain goods from an existing rate to Rs. 2300 per tonne for S. No. 1 and to Rs. Nil per litre for S. No. 2.
  • Notification 02/2024-Central Excise changes the central excise duty on certain goods from an existing rate to Rs. Nil per litre for S. No. 2.

Impact Analysis

Government Revenue

  • The change in excise duty rates will impact government revenue. The reduction to Nil per litre may decrease revenue, while the increase to Rs. 2300 per tonne may increase revenue.

Manufacturers/Producers

  • Action Item: Review costing and pricing strategies to account for the revised excise duties. Ensure compliance with the new rates from January 2, 2024.

Consumers

  • Action Item: Monitor price changes in the market to understand the impact on consumer spending.

Key Entities Referenced

Central Government: The issuer of the notification, responsible for setting and amending central excise duties. Ministry of Finance (Department of Revenue): The department within the Ministry of Finance responsible for tax-related matters, including central excise. Central Excise Act, 1944: The primary legislation governing central excise duties in India. Finance Act, 2002: Legislation that contains provisions related to finance and taxation. Notification No. 18/2022-Central Excise: The original notification dated 19th July, 2022, which is amended by Notification 01/2024-Central Excise. Notification No. 04/2022-Central Excise: The original notification dated 30th June, 2022, which is amended by Notification 02/2024-Central Excise.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-01012024-251042 xxxGIDHxxx CG-DLxx-xEG-I0D1E0x1x2x0 24-251042 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 1] नई दिल्ली, सगमिार, िनिरी 1, 2024/पौष 11, 1945 No. 1] NEW DELHI, MONDAY, JANUARY 1, 2024/PAUSHA 11, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल् ली, 1 िनिरी, 2024 स.ं 01/2024-केन्‍दर ीय उाप ाि िल्् क सा.का.जन.1(अ).—केंरीय सरकार, जिा त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्‍द रीय उा पाि िल्् क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रिा त िजतियय का प्रयगग करत े ुए, यह समाधान हग िान े पर दक ऐसा करना लगक जहत म ें आिश् यक ह, भारत सरकार, जिा त मत्रं ालय (रािस्ट् ि जिभाग) की अजधसूचना संख् या 18/2022-केन्‍द रीय उा पाि िल्् 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 खंड (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 सामने, कॉलम (4) में प्रजिजि के जलए, प्रजिजि "रु. 2300 प्रजत टन" कग प्रजतस्ट्थाजपत दकया िाएगा; 28 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (ii) क्रमांक 2 के सामने, कॉलम (4) में प्रजिजि के जलए, प्रजिजि "रु. िून्‍दय प्रजत लीटर" कग प्रजतस्ट्थाजपत दकया िाएगा; 2. यह अजधसूचना 2 िनिरी, 2024 से प्रिृत्त हगगी । [फा. स.ं 354/15/2022-टीआरयू] जनतीि कनााटक, अिर सजचि नगट : मख्् य अजधसूचना संख्या 18/2022-केन्‍द रीय उा पाि ि्ल्क , दिनांक 19 ि्लाई, 2022 जिसे सा.का.जन. संख्या 584 (अ), दिनांक 19 िल् ाई, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) में प्रकाजित दकया गया था और इसमें अंजतम बार अजधसूचना संख्या 41/2023- केन्‍द रीय उा पाि िल्् क, दिनाकं 18 दिसंबर, 2023 जिस े सा.का.जन. संख्या 896 (अ), दिनांक 18 दिसंबर, 2023 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 1st January, 2024 No. 01/2024-Central Excise G.S.R. 1(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 “Rs. 2300 per tonne” shall be substituted; (ii) against S. No. 2, for the entry in column (4), the entry “Rs. Nil per litre” shall be substituted 2. This notification shall come into force on the 2nd day of January, 2024. [F. No. 354/15/2022-TRU] NITISH KARNATAK, Under 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. 41/2023-Central Excise, dated the 18th December, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 896(E), dated the 18th December, 2023. अजधसचू ना नई दिल् ली, 1 िनिरी, 2024 स.ं 02/2024-केन्‍दर ीय उाप ाि िल्् क सा.का.जन. 2(अ).—केंरीय सरकार, जिा त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्‍द रीय उा पाि िल्् क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रिा त िजतियय का प्रयगग करत े ुए, यह समाधान हग िान े पर दक ऐसा करना लगक जहत म ें आिश् यक ह, भारत सरकार, जिा त मत्रं ालय (रािस्ट् ि जिभाग) की अजधसूचना संख् या 4/2022-केन्‍द रीय उा पाि ि्ल् क, दिनांक 30 िून, 2022, जिसे संख्या सा.का.जन. 492 (अ),[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 दिनांक 30 िून, 2022 में भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप खंड (i) में प्रकाजित दकया गया था, में और आग ेभी जनम्न जलजखत संिगधन करती ह, यथा:- उक्त अजधसूचना म,ें सारणी म,ें क्रमांक 2 के सामन,े कॉलम (4) में प्रजिजि के जलए, प्रजिजि "रु. िून्‍दय प्रजत लीटर" कग प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 2 िनिरी, 2024 से प्रिृत्त हगगी । [फा. स.ं 354/15/2022-टीआरयू] जनतीि कनााटक, अिर सजचि नगट : मख्् य अजधसूचना संख्या 04/2022-केन्‍द रीय उा पाि िल्् क, दिनांक 30 िून, 2022 जिसे सा.का.जन. संख्या 492 (अ), दिनांक 30 िून, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) में प्रकाजित दकया गया था और इसमें अंजतम बार अजधसूचना संख्या 42/2023- केन्‍द रीय उा पाि ि्ल् क, दिनांक 18 दिसंबर, 2023 जिस े सा.का.जन. संख्या 897 (अ), दिनांक 18 दिसंबर, 2023 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में प्रकाजित दकया गया था। NOTIFICATION New Delhi, the 1st January, 2024 No. 02/2024-Central Excise G.S.R. 2(E).—In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of 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. 04/2022-Central Excise, dated the 30th June, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 492 (E), dated the 30th June, 2022, namely:- In the said notification, in the Table, (i) against S. No. 2, for the entry in column (4), the entry “Rs. Nil per litre” shall be substituted; 2. This notification shall come into force on the 2nd day of January, 2024. [F. No. 354/15/2022-TRU] NITISH KARNATAK, Under Secy. Note : The principal notification No. 04/2022-Central Excise, dated the 30th June, 2022, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 492 (E), dated the 30th June, 2022, and was last amended vide notification No. 42/2023-Central Excise, dated the 18th December, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 897(E), dated the 18th December, 2023. 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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