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Date: 03-Apr-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

What it means

  • Notification No. 16/2023-Central Excise amends Notification No. 18/2022-Central Excise, dated 19th July, 2022, to revise the central excise duty on certain goods.
  • Notification No. 17/2023-Central Excise amends Notification No. 04/2022-Central Excise, dated 30th June, 2022, to revise the central excise duty on certain goods.

Key Changes

  • Notification No. 16/2023-Central Excise substitutes the entry “Rs. Nil per tonne” in column (4) against S. No. 1 of the table in Notification No. 18/2022-Central Excise.
  • Notification No. 17/2023-Central Excise substitutes the entry “Rs. 0.50 per litre” in column (4) against S. No. 2 of the table in Notification No. 04/2022-Central Excise.
  • Both notifications come into effect on April 4, 2023.

Impact Analysis

Businesses

  • Action Item: Review product portfolio and update pricing and costing models to reflect the changes in excise duty.

Consumers

  • Action Item: Monitor market prices of affected goods to understand the impact on consumer spending.

Government Revenue

  • Action Item: Track revenue collection from central excise to assess the impact of the amendments.

Key Entities Referenced

Central Government: The authority issuing the notifications and responsible for setting central excise duty rates. Ministry of Finance (Department of Revenue): The department within the government responsible for overseeing revenue collection, including central excise. Central Excise Act, 1944: The primary legislation governing the levy and collection of central excise duty in India. Finance Act, 2002: Legislation that provides the legal framework for certain fiscal measures, including those related to central excise. Notification No. 18/2022-Central Excise: The original notification, dated 19th July, 2022, which is amended by Notification No. 16/2023-Central Excise. Notification No. 04/2022-Central Excise: The original notification, dated 30th June, 2022, which is amended by Notification No. 17/2023-Central Excise. Notification No. 13/2023-Central Excise: Previous amendment to Notification No. 18/2022-Central Excise, dated 20th March, 2023. Notification No. 14/2023-Central Excise: Previous amendment to Notification No. 04/2022-Central Excise, dated 20th March, 2023.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-03042023-244922 xxxGIDHxxx CG-DL-E-03042023-244922 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.ं 207] नई दिल्ली, सोमिार, अप्रैल 3, 2023/चत्रै 13, 1945 No. 207] NEW DELHI, MONDAY, APRIL 3, 2023/CHAITRA 13, 1945 जित्त मंत्रालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल्ली, 3 अप्रलै , 2023 स.ं 16/2023-केन्द्रीय उत्पाि िल्ु क सा.का.जन. 267(अ).—केंरीय सरकार, जित्त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्द्रीय उत्पाि िल्ु क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रित्त िजियों का प्रयोग करत े हुए, यह समाधान हो िान े पर दक ऐसा करना लोक जहत म ें आिश्यक ह,ै भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख्या 18/2022-केन्द्रीय उत्पाि िल्ु क, दिनांक, 19 िुलाई, 2022, जिसे संख्या सा.का.जन. 584(अ), दिनांक 19 िलु ाई, 2022, म ें भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप खंड (i) म ें प्रकाजित दकया गया था, म ें और आग े भी जनम्नजलजखत संिोधन करती ह,ै यथा:- उि अजधसूचना म,ें सारणी म,ें - (i) क्रमांक 1 के सामने, कॉलम (4) म ेंप्रजिजि के जलए, प्रजिजि "रु. िून्द्य प्रजत टन" को प्रजतस्ट्थाजपत दकया िाएगा; 2. यह अजधसूचना 4 अप्रैल, 2023 से प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] जनजति कनााटक, अिर सजचि 2244 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नोट : मुख्य अजधसूचना संख्या 18/2022-केन्द्रीय 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, खंड 3, उपखंड (i) म ें प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख्या 13/2023-केन्द्रीय उत्पाि िल्ु क, दिनांक 20 माच,ा 2023 जिसे सा.का.जन. संख्या 203 (अ), दिनांक 20 माच,ा 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 3rd April, 2023 No.16/2023-Central Excise G.S.R. 267(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. Nil per tonne” shall be substituted; 2. This notification shall come into force on the 4th day of April, 2023. [F. No. 354/15/2022-TRU] NITISH KARNATAK, 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. 13/2023-Central Excise, dated the 20th March, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 203(E), dated the 20th March, 2023. अजधसचू ना नई दिल्ली, 3 अप्रलै , 2023 स.ं 17/2023-केन्द्र ीय उत्प ाि िल्ु क सा.का.जन. 268(अ).— केंरीय सरकार, जित्त 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 प्रित्त िजियों का प्रयोग करत े हुए, यह समाधान हो िान े पर दक ऐसा करना लोक जहत म ें आिश् यक ह,ै भारत सरकार, जित्त 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 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. 0.50 प्रजत लीटर" को प्रजतस्ट्थाजपत दकया िाएगा; 2. यह अजधसूचना 4 अप्रैल, 2023 स े प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] जनजति कनााटक, अिर सजचि[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 नोट : मुख्य 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) म ें प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख्या 14/2023- केन्द् रीय उत् पाि िुल् क, दिनांक 20 माच,ा 2023 जिसे सा.का.जन. संख्या 204 (अ), दिनांक 20 माच,ा 2023 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप- खंड (i) म ें प्रकाजित दकया गया था। NOTIFICATION New Delhi, the 3rd April, 2023 No. 17/2023-Central Excise G.S.R. 268(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. 0.50 per litre” shall be substituted; 2. This notification shall come into force on the 4th day of April, 2023. [F. No. 354/15/2022-TRU] NITISH KARNATAK, 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.14/2023-Central Excise, dated the 20th March, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 204(E), dated the 20th March, 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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