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Date: 01-Sep-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

Gazette Notification Overview

  • The gazette contains two notifications (28/2023 and 29/2023) from the Ministry of Finance, Department of Revenue, regarding amendments to central excise duties.
  • These notifications are issued under the authority of Section 5A of the Central Excise Act, 1944, read with Section 147 of the Finance Act, 2002.
  • The amendments are deemed necessary in the public interest by the Central Government.
  • Both notifications come into effect on September 2, 2023.

Notification 28/2023 - Central Excise

  • This notification amends notification No. 18/2022-Central Excise, dated July 19, 2022.
  • It substitutes the entry in column (4) of the table against S. No. 1 with 'Rs. 6,700 per tonne'.
  • It substitutes the entry in column (4) of the table against S. No. 2 with 'Rs. 4 per litre'.

Notification 29/2023 - Central Excise

  • This notification amends notification No. 4/2022-Central Excise, dated June 30, 2022.
  • It substitutes the entry in column (4) of the table against S. No. 2 with 'Rs. 6 per litre'.

Impact Analysis

Businesses Subject to Central Excise

  • Action Items: Review the original notifications (18/2022 and 4/2022) and identify if your products are affected. Update pricing and costing models to reflect the new excise duty rates from September 2, 2023.

Consumers

  • Action Items: Monitor price changes in the market for goods affected by these excise duty amendments.

Government Revenue

  • Action Items: The government should monitor the revenue impact of these changes and adjust policies as needed.

Accounting and Finance Departments

  • Action Items: Update ERP systems, accounting software, and tax calculation templates to incorporate the revised rates. Ensure compliance with the new regulations from September 2, 2023.

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 primary legislation governing central excise duties in India. Section 5A provides the power to grant exemptions from excise duties. Finance Act, 2002: Section 147 provides the legal basis for the Central Government's actions related to excise duties. Notification No. 18/2022-Central Excise, dated July 19, 2022: The original notification being amended by Notification 28/2023. Notification No. 4/2022-Central Excise, dated June 30, 2022: The original notification being amended by Notification 29/2023.
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.-01092023-248476 xxxGIDHxxx CG-DL-E-01092023-248476 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.ं 506] नई ददल्ली, ि्क्रिार, जसतम्ब र 1, 2023/भार 10, 1945 No. 506] NEW DELHI, FRIDAY, SEPTEMBER 1, 2023/BHADRA 10, 1945 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई ददल् ली, 1 जसतम्बर, 2023 स.ं 28/2023-केन्‍दर ीय उाप ाद िल्् क सा.का.जन. 646(अ).—केंरीय सरकार, जिा त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्‍द रीय उा पाद िल्् क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रदत्त ि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 18/2022-केन्‍द रीय उा पाद िल्् क, ददनांक, 19 ि्लाई, 2022, जिसे संख्या सा.का.जन. 584(अ), ददनांक 19 ि्लाई, 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:- उक्त अजधसूचना म,ें सारणी म,ें - (i) क्रमांक 1 के सामन,े कॉलम (4) में प्रजिजि के जलए, प्रजिजि "रु. 6,700 प्रजत टन" को प्रजतस्ट्थाजपत दकया िाएगा; (ii) क्रमांक 2 के सामन,े कॉलम (4) में प्रजिजि के जलए, प्रजिजि " रु. 4 प्रजत लीटर " को प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 2 जसतम्बर, 2023 से प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] अम्रीता टाइटस, उप सजचि 5618 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] नोट : म्ख्य अजधसूचना संख्या 18/2022-केन्‍द रीय उा पाद ि्ल्क , ददनांक 19 ि्लाई, 2022 जिसे सा.का.जन. संख्या 584(अ), ददनांक 19 ि्लाई, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में प्रकाजित दकया गया था और इसमें अंजतम बार अजधसूचना संख्या 26/2023-केन्‍द रीय उा पाद िल्् क, ददनाकं 14 अगस्ट्त, 2023 जिसे सा.का.जन. संख्या 600(अ), ददनांक 14 अगस्ट्त, 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 1st September, 2023 No. 28/2023-Central Excise G.S.R. 646(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. 6,700 per tonne” shall be substituted; (ii) against S. No. 2, for the entry in column (4), the entry “Rs. 4 per litre” shall be substituted 2. This notification shall come into force on the 2nd day of September, 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. 26/2023-Central Excise, dated the 14th August, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 600(E), dated the 14th August, 2023. अजधसचू ना नई ददल् ली, 1 जसतम्बर, 2023 स.ं 29/2023-केन्‍दर ीय उाप ाद िल्् क सा.का.जन. 647(अ).—केंरीय सरकार, जिा त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्‍द रीय उा पाद िल्् क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रदत्त ि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 उा पाद ि्ल् क, ददनांक 30 िून, 2022, जिसे संख्या सा.का.जन. 492 (अ), ददनांक 30 िून, 2022 में भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था, में और आग े भी जनम्न जलजखत संिोधन करती ह, यथा:- उक्त अजधसूचना म,ें सारणी म,ें (i) क्रमांक 2 के सामने, कॉलम (4) में प्रजिजि के जलए, प्रजिजि "रु. 6 प्रजत लीटर" को प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 2 जसतम्बर, 2023 से प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] अम्रीता टाइटस, उप सजचि[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 नोट : म्ख्य अजधसूचना संख्या 04/2022-केन्‍द रीय उा पाद िल्् क , ददनांक 03 िनू , 2022 जिसे सा.का.जन. संख्या 492(अ), ददनांक 30 िून, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखडं (i) में प्रकाजित दकया गया था और इसमें अंजतम बार अजधसूचना संख्या 27/2023- केन्‍दर ीय उा पाद िल्् क, ददनांक 14 अगस्ट्त, 2023 जिस े सा.का.जन. संख्या 136 (अ), ददनांक 14 अगस्ट्त, 2023 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में प्रकाजित दकया गया था। NOTIFICATION New Delhi, the 1st September, 2023 No. 29/2023-Central Excise G.S.R. 647(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. 6 per litre” shall be substituted; 2. This notification shall come into force on the 2nd day of September, 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.27/2023-Central Excise, dated the 14th August, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 601(E), dated the 14th August, 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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