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Date: 30-Nov-2023 Category: Extra Ordinary State: Union Government Country: India

notification No 40 of 2023 Central Excise

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The notification No. 40/2023-Central Excise, issued by the Ministry of Finance, Department of Revenue, amends notification No. 18/2022-Central Excise, dated July 19, 2022. The amendment pertains to a change in the central excise duty rate.
  • The notification is issued under the powers conferred by section 5A of the Central Excise Act, 1944, read with section 147 of the Finance Act, 2002.

Key Changes

  • The notification substitutes the entry in column (4) against S. No. 1 in the table of notification No. 18/2022-Central Excise with “Rs. 5000 per tonne.”
  • The amended notification comes into effect on December 1, 2023.

Impact Analysis

Manufacturers/Producers

  • Action Item: Update accounting systems and pricing strategies to reflect the revised excise duty rate effective December 1, 2023.

Consumers

  • Action Item: Monitor price changes of relevant goods to understand the impact of the excise duty revision.

Government Revenue

  • Action Item: Review revenue projections based on the revised duty rate and adjust fiscal planning accordingly.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The issuing authority of the notification. Central Excise Act, 1944: The primary legislation under which the notification is issued. Specifically, the powers conferred by section 5A of this act are used. Finance Act, 2002: Section 147 of this act is read with section 5A of the Central Excise Act, 1944, providing the legal basis for the notification. Notification No. 18/2022-Central Excise, dated July 19, 2022: The principal notification being amended by this notification. Notification No. 38/2023-Central Excise, dated November 15, 2023: The notification that 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.-30112023-250334 CG-DxLx-xEG-I3D0H1x1x2x0 23-250334 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.ं 688] नई दिल्ली, बृहस्ट्प जतिार, निम्ब र 30, 2023/अग्रहायण 9, 1945 No. 688] NEW DELHI, THURSDAY, NOVEMBER 30, 2023/AGRAHAYANA 9, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 30 निम् बर, 2023 सख्ं या 40/2023-केंद्रीय उत्पाि िल्ु क सा.का.जन. 871(अ).—केंद्रीय सरकार, जित् त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केंद्रीय उत्पाि िुल्क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रित् त िजियों का प्रयोग करत े हुए, केन्‍द द्र सरकार, इस बात स े संतष्टु होते हुए दक ऐसा करना िनजहत म ें आिश्यक ह,ै एतिद्वारा, भारत सरकार के जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसचू ना संख्यांक 18/2022-केंद्रीय उत्पाि िुल्क, दिनांक 19 िुलाई, 2022, जिसे संख्या सा.का.जन. 584 (अ), दिनांक 19 िुलाई, 2022, म ें भारत के रािपत्र, 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) म ें प्रजिजष्ट के स्ट्थान पर, प्रजिजष्ट "रु. 5000 प्रजत टन" को प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 01 दिसंबर, 2023 स े प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] अमृता टाइटस, उप सजचि 7426 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नोट:- मुख्य अजधसूचना संख्या 18/2022-केंद्रीय उत्पाि िल्ु क, दिनांक 19 िुलाई, 2022, जिसे सा.का.जन. संख्या 584 (अ), दिनांक 19 िुलाई, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खण्ड 3, उप-खण्ड (i) म ें प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख्या 38/2023- केंद्रीय उत्पाि िुल्क, दिनांक 15 निंबर, 2023, द्वारा संिोजधत की गई थी, जिसे सा.का.जन. संख्या 836(अ), दिनांक 15 निंबर, 2023, के तहत भारत के रािपत्र, असाधारण, भाग II, खण्ड 3, उप-खण्ड (i) म ें प्रकाजित दकया गया था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th November, 2023 No. 40/2023-Central Excise G.S.R. 871(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. 5000 per tonne” shall be substituted. 2. This notification shall come into force with effect from the 01st day of December, 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. 38/2023-Central Excise, dated the 15th November, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.836(E), dated the 15th November, 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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