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Date: 16-Jan-2023 Category: Extra Ordinary State: Union Government Country: India

Petroleum notification

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • The gazette notification contains amendments to Central Excise Notifications No. 18/2022 and No. 04/2022, both related to central excise duties.
  • Notification No. 03/2023-Central Excise amends Notification No. 18/2022.
  • Notification No. 04/2023-Central Excise amends Notification No. 04/2022.
  • These amendments involve substituting specific entries in the tables of the original notifications, specifically in column (4) which likely pertains to the revised excise duty rates.
  • Both notifications come into effect on January 17, 2023.

Key Changes

  • Notification No. 03/2023-Central Excise substitutes "Rs. 1,900 per tonne" for the original entry in column (4) against S. No. 1 in the table of Notification No. 18/2022.
  • Notification No. 03/2023-Central Excise substitutes "Rs. 3.50 per litre" for the original entry in column (4) against S. No. 2 in the table of Notification No. 18/2022.
  • Notification No. 04/2023-Central Excise substitutes "Rs. 3.50 per litre" for the original entry in column (4) against S. No. 2 in the table of Notification No. 04/2022.

Impact Analysis

Businesses

  • Businesses should consult with tax advisors to ensure compliance with the updated regulations.

Consumers

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

Government

  • The Department of Revenue will need to monitor the implementation of these changes and ensure compliance.

Key Entities Referenced

Central Government: The entity issuing the notification and responsible for setting and amending central excise duties. Ministry of Finance (Department of Revenue): The specific department within the government responsible for these notifications. Central Excise Act, 1944: The primary legislation governing central excise duties in India. Finance Act, 2002: Legislation providing the framework for levying and collecting certain taxes, including excise duties. Notification No. 18/2022-Central Excise, dated 19th July, 2022: The original notification being amended by Notification No. 03/2023-Central Excise. Notification No. 04/2022-Central Excise, dated 30th June, 2022: The original notification being amended by Notification No. 04/2023-Central Excise.
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.-16012023-242002 xxxGIDHxxx CG-DL-E-16012023-242002 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.ं 23] नई दिल्ली, सोमिार, िनिरी 16, 2023/पौष 26, 1944 No. 23] NEW DELHI, MONDAY, JANUARY 16, 2023/PAUSHA 26, 1944 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल् ली, 16 िनिरी, 2023 स.ं 03/2023-केन्‍दर ीय उत्प ाि िल्ु क सा.का.जन. 23(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 िजियों का प्रयोग करत े हुए, यह समाधान हो िाने पर दक ऐसा करना लोकजहत म ें आिश्य क ह,ै भारत सरकार, जित् त मंत्रालय (रािस्ट् ि जिभाग) की अजधसूचना 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, म ें भारत के रािपत्र, असाधारण, भाग II, खंड-3, उप खंड (i) म ें प्रकाजित दकया गया था, म ें और आग े भी जनम्न जलजखत संिोधन करती ह,ै यथा:- उक्त अजधसूचना म,ें सारणी म,ें - (i) क्रमांक 1 के सामन,े कॉलम (4) म ें प्रजिजि के जलए, प्रजिजि "रु. 1,900 प्रजत टन" को प्रजतस्ट्थाजपत दकया िाएगा; 363 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (ii) क्रमांक 2 के सामन,े कॉलम (4) म ें प्रजिजि के जलए, प्रजिजि " रु. 3.50 प्रजत लीटर " को प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 17 िनिरी, 2023 स े प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] अम्रीता टाइटस, उप सजचि नोट : मख्ु य अजधसूचना संख्या 18/2022-केन्‍द रीय उत् पाि िुल् क, दिनांक 19 िुलाई, 2022 जिसे सा.का.जन. संख्या 584 (अ), दिनांक 19 िलु ाई, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) म ें प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख्या 01/2023- केन्‍द रीय उत् पाि िुल् क, दिनांक 2 िनिरी, 2023 जिसे सा.का.जन. सख्ं या 4 (अ), दिनांक 2 िनिरी, 2023 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) म ेंप्रकाजित दकया गया था। MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th January, 2023 No. 03/2023-Central Excise G.S.R. 23(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. 1,900 per tonne” shall be substituted; (ii) against S. No. 2, for the entry in column (4), the entry “Rs. 3.50 per litre” shall be substituted 2. This notification shall come into force on the 17th day of January, 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. 01/2023-Central Excise, dated the 2nd January, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 4(E), dated the 2nd January, 2023.[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 अजधसचू ना नई दिल् ली, 16 िनिरी, 2023 स.ं 04/2023-केन्‍दर ीय उत्प ाि िल्ु क सा.का.जन. 24(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 िजियों का प्रयोग करत े हुए, यह समाधान हो िाने पर दक ऐसा करना लोकजहत म ें आिश्य क ह,ै भारत सरकार, जित्त मंत्रालय (रािस्ट् ि जिभाग) की अजधसूचना संख् या 4/2022-केन्‍द रीय उत् पाि िल्ु क, दिनांक 30 िून, 2022, जिसे संख्या सा.का.जन. 492 (अ), दिनांक 30 िून, 2022 म ें भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था, म ें और आग े भी जनम्न जलजखत संिोधन करती ह,ै यथा:- उक्त अजधसूचना म,ें सारणी म,ें (i) क्रमांक 2 के सामन,े कॉलम (4) म ें प्रजिजि के जलए, प्रजिजि "रु. 3.5 प्रजत लीटर" को प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 17 िनिरी, 2023 स े प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] अम्रीता टाइटस, उप सजचि नोट : मुख्य अजधसूचना संख्या 04/2022-केन्‍द रीय उत् पाि िुल् 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) म ें प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख्या 02/2023- केन्‍द रीय उत् पाि िल्ु क, दिनांक 2 िनिरी, 2023 जिसे सा.का.जन. संख्या 5 (अ), दिनांक 2 िनिरी, 2023 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था। NOTIFICATION New Delhi, the 16th January, 2023 No. 04/2023-Central Excise G.S.R. 24(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. 3.50 per litre” shall be substituted; 2. This notification shall come into force on the 17th day of January, 2023. [F. No. 354/15/2022-TRU] AMREETA TITUS, Dy. 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.02/2023-Central Excise, dated the 2nd January, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 5(E), dated the 2nd January, 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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