Date: 2016-03-30Category: Extra OrdinaryState: Union GovernmentCountry: India
In the notification of the Government of India, in the Ministry of Finance Department of Revenue number 16 2016 Central Excise, dated the 1st March, 2016, published in the Gazette of India, Extraordinary
Executive Summary:
This document is a corrigendum to a Government of India, Ministry of Finance, Department of Revenue notification No. 16/2016-Central Excise, dated March 1, 2016, which was published in the Gazette of India. It addresses and corrects specific entries within Tables 1 and 2 of the original notification. The corrigendum was issued on March 30, 2016.
Key Points / Main Content:
* **Notification Details:**
* Original Notification Number: 16/2016-Central Excise
* Original Notification Date: March 1, 2016
* Publishing Authority: Government of India, Ministry of Finance, Department of Revenue
* Gazette: Gazette of India, Extraordinary, Part II, Section 3, Subsection i
* **Correction Locations:**
* Table 1, page 96
* Table 2, page 97
* **Amended Data (Illustrative Examples):**
* Table 1: For exceeding values, corrected values are provided for different excise duty rates.
* Table 2: For exceeding values, corrected values are provided for different excise duty rates.
Impact Analysis:
* **Manufacturers/Producers subject to Central Excise Duty:**
* Impact: Need to be aware of revised duty rates based on the corrected values in Tables 1 and 2.
* Action Required: Review and adjust excise duty calculations according to the corrigendum.
* **Tax Authorities/Revenue Department:**
* Impact: Must implement and enforce the corrected excise duty rates as specified in the corrigendum.
* Action Required: Update relevant systems and inform field officers about the changes.
Key Entities Referenced
Ministry of Finance: The government ministry responsible for financial matters such as revenue and expenditure.
Department of Revenue: A department within the Ministry of Finance responsible for revenue collection and tax administration.
New Delhi: The location where the notification and corrigendum were issued.
Central Excise: Refers to the central government tax levied on the manufacture of goods within the country.
Gazette of India: An official government publication that publishes notifications, rules, and regulations.
G.S.R. 371E: Reference to the notification being corrected.
G.S.R. 233 E: Earlier notification number, being referenced in the corrigendum.
Mohit Tewari: Under Secretary who signed the notification