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Date: 01-May-2023 Category: Extra Ordinary State: Union Government Country: India

notification no 21 of 2023 cex

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • Notification No. 21/2023-Central Excise amends Notification No. 18/2022-Central Excise, dated July 19, 2022, which relates to central excise duties.
  • The amendment substitutes the entry in column (4) against S. No. 1 in the table of the original notification.
  • The new entry in column (4) against S. No. 1 is 'Rs. 4100 per tonne'.

Key Changes

  • The central excise duty specified in Notification No. 18/2022-Central Excise is revised.
  • The specific change is the substitution of the duty amount to Rs. 4100 per tonne against S. No. 1 in the table.
  • This notification comes into effect on May 2, 2023.

Impact Analysis

Manufacturers

  • Manufacturers should update their excise calculations and pricing strategies to reflect the revised duty rate effective May 2, 2023.

Consumers

  • The extent of the impact on consumers will depend on market dynamics and pricing decisions of manufacturers.

Government Revenue

  • The overall impact on government revenue will depend on the volume of production and sales of the goods subject to this excise duty.

Action Items

  • Monitor the market to assess the impact of the duty change on pricing and demand.

Key Entities Referenced

Central Government: The issuer of the notification, acting through the Ministry of Finance (Department of Revenue). Ministry of Finance (Department of Revenue): The government body responsible for issuing and administering the central excise notification. Central Excise Act, 1944: The primary legislation governing central excise duties in India. Section 5A provides the power to grant exemptions from excise duty. Finance Act, 2002: Section 147 provides the power to amend the notifications. Notification No. 18/2022-Central Excise: The principal notification being amended, dated July 19, 2022, related to central excise duties. Notification No. 18/2023-Central Excise: The notification dated April 18, 2023, which last amended the principal notification No. 18/2022-Central Excise.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-01052023-245559 xxxGIDHxxx CG-DL-E-01052023-245559 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 266] नई ददल्ली, सोमिार, मई 1, 2023/ििै ाख 11, 1945 No. 266] NEW DELHI, MONDAY, MAY 1, 2023/VAISAKHA 11, 1945 जित्त म्ं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई ददल् ली, 1 मई, 2023 स.ं 21/2023-केंद्रीय उत्पाद िल्ु क सा.का.जन. 336(अ).—केंद्रीय सरकार, जित त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केंद्रीय उत्पाद िुल्क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रदत त िजियों का प्रयोग करते हुए, केन्‍दद्र सरकार, इस बात स े संतष्टु होते हुए दक ऐसा करना िनजहत म ें आिश्यक ह,ै एतदद्वारा, भारत सरकार के जित्त मं्ालय (रािस्ट्ि जिभाग) की अजधसचू ना संखयांक 18/2022-केंद्रीय उत्पाद िुल्क, ददनांक 19 िुलाई, 2022, जिसे संखया सा.का.जन. 584(अ), ददनांक 19 िुलाई, 2022, म ें भारत के रािप्, असाधारण, भाग II, खण्ड 3, उप-खण्ड (i) म ें प्रकाजित दकया गया था, म ें और आग ेजनम्नजलजखत संिोधन करती ह,ै अथाात: - उि अजधसूचना म,ें सारणी म,ें क्रमांक 1 के सामन,े कॉलम (4) में प्रजिजष्ट के स्ट्थान पर, प्रजिजष्ट "रु. 4100 प्रजत टन" को प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 02 मई, 2023 से प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] अमृता टाइटस, उप सजचि 2837 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नोट : मुखय अजधसूचना संखया 18/2022-केंद्रीय उत्पाद िुल्क, ददनांक 19 िुलाई, 2022, जिसे सा.का.जन. संखया 584 (अ), ददनांक 19 िुलाई, 2022 के तहत भारत के रािप्, असाधारण, भाग II, खण्ड 3, उप-खण्ड (i) म ें प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संखया 18/2023- केंद्रीय उत्पाद िल्ु क, ददनांक 18 अप्रैल, 2023, द्वारा संिोजधत की गई थी, जिसे सा.का.जन. संखया 303(अ), ददनांक 18 अप्रलै , 2023, के तहत भारत के रािप्, असाधारण, भाग II, खण्ड 3, उप-खण्ड (i) म ेंप्रकाजित दकया गया था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st May, 2023 No. 21/2023-Central Excise G.S.R. 336(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, against S. No. 1, for the entry in column (4), the entry “Rs. 4100 per tonne” shall be substituted. 2. This notification shall come into force on the 02nd day of May, 2023. [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. 18/2023-Central Excise, dated the 18th April, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 303(E), dated the 18th April, 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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