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Date: 31-Jul-2023 Category: Extra Ordinary State: Union Government Country: India

Petroleum notifications

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

Notification 24/2023-Central Excise

  • This notification amends notification No. 18/2022-Central Excise, dated 19th July, 2022.
  • The amendment substitutes the entry in column (4) against S. No. 1 in the table of the original notification with 'Rs. 4,250 per tonne'.
  • This notification comes into effect on August 1, 2023.

Notification 25/2023-Central Excise

  • This notification amends notification No. 4/2022-Central Excise, dated 30th June, 2022.
  • The amendment substitutes the entry in column (4) against S. No. 2 in the table of the original notification with 'Rs. 1 per litre'.
  • This notification comes into effect on August 1, 2023.

Impact Analysis

Manufacturers

  • Review existing contracts to assess the impact of the revised excise duties and make necessary adjustments.

Consumers

  • The extent of the impact on consumers will depend on the pass-through of the excise duty changes by manufacturers and retailers.

Government

  • The impact on overall revenue will depend on the volume of production and sales of the goods subject to the revised excise duties.

Key Entities Referenced

Central Government: The issuer of the notifications, acting through the Ministry of Finance (Department of Revenue). Ministry of Finance (Department of Revenue): The government body responsible for issuing and administering central excise notifications. Central Excise Act, 1944: The principal 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 Central Excise Act, 1944. Notification No. 18/2022-Central Excise, dated 19th July, 2022: The original notification being amended by Notification No. 24/2023-Central Excise. Notification No. 4/2022-Central Excise, dated 30th June, 2022: The original notification being amended by Notification No. 25/2023-Central Excise.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31072023-247737 xxxGIDHxxx CG-DL-E-31072023-247737 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.ं 450] नई दिल्ली, सोमिार, िलु ाई 31, 2023/श्रािण 9, 1945 No. 450] NEW DELHI, MONDAY, JULY 31, 2023/SHRAVANA 9, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 31 िुलाई, 2023 सख्ं या 24/2023-केन्द्रीय उत्पाि िल्ु क सा.का.जन. 572(अ).—केंरीय सरकार, जित्त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्द्रीय उत्पाि िुल्क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रित्त िजियों का प्रयोग करते हुए, यह समाधान हो िान े पर दक ऐसा करना लोकजहत में आिश्यक ह,ै भारत सरकार, जितत् मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख्या 18/2022- केन्द्रीय उत्पाि िुल्क, दिनांक, 19 िुलाई, 2022, जिस े 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 जनम् नजलजखत संिोधन करती ह,ै यथा:- उि अजधसूचना में, सारणी में, - (i) क्रमांक 1 के सामन,े कॉलम (4) में प्रजिजि के जलए, प्रजिजि "रु. 4,250 प्रजत टन" को प्रजतस्ट्थाजपत दकया िाएगा; 2. यह अजधसूचना 1 अगस्ट्त, 2023 से प्रिृत्त होगी । [फा. सं. 354/15/2022-टीआरयू] अमृता टाइटस, उप सजचि 4926 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नोट : मुख्य अजधसूचना संख्या 18/2022-केन्द्रीय उत्पाि िुल्क, दिनांक 19 िुलाई, 2022 जिस े सा.का.जन. संख्या 584 (अ), दिनांक 19 िुलाई, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) में प्रकाजित दकया गया था और इसमें अंजतम बार अजधसूचना संख्या 23/2023-केन्द्रीय उत्पाि िुल्क, दिनांक 14 िुलाई, 2023 जिसे सा.का.जन. संख्या 505(अ), दिनांक 14 िुलाई, 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 31st July, 2023 No. 24/2023-Central Excise G.S.R. 572(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. 4,250 per tonne” shall be substituted; 2. This notification shall come into force on the 1st day of August, 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. 23/2023-Central Excise, dated the 14th July, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 505(E), dated the 14th July, 2023. अजधसचू ना नई दिल् ली, 31 िुलाई, 2023 सख्ं या 25/2023-केन्द्र ीय उत्प ाि िल्ु क सा.का.जन. 573(अ).—केंरीय सरकार, जित् त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्द् 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 में आिश्य क ह,ै भारत सरकार, जित् त मंत्रालय (रािस्ट् ि जिभाग) की अजधसूचना संख् या 4/2022-केन्द् रीय उत् पाि िुल् क, दिनांक 30 िून, 2022, जिसे संख्या सा.का.जन. 492 (अ), 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 संिोधन करती ह,ै यथा:-[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 उक्त अजधसूचना म,ें सारणी म,ें (i) क्रमांक 2 के सामने, कॉलम (4) में प्रजिजि के जलए, प्रजिजि "रु. 1 प्रजत लीटर" को प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 1 अगस्ट्त, 2023 से प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] अमृता टाइटस, उप सजचि नोट : मख्ु य अजधसूचना संख्या 04/2022-केन्द् रीय उत् पाि िल्ु 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 19/2023- केन्द् रीय उत् पाि िल्ु क, दिनांक 18 अप्रैल, 2023 जिस े सा.का.जन. संख्या 304 (अ), दिनांक 18 अप्रैल, 2023 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में प्रकाजित दकया गया था। NOTIFICATION New Delhi, the 31st July, 2023 No. 25/2023-Central Excise G.S.R. 573(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. 1 per litre” shall be substituted; 2. This notification shall come into force on the 1st day of August, 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.19/2023-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. 304(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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