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Date: 02-Jan-2023 Category: Extra Ordinary State: Union Government Country: India

Petroleum Rate 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 duties on specific goods, as notified by the Ministry of Finance, Department of Revenue.
  • Notification No. 01/2023-Central Excise modifies Notification No. 18/2022-Central Excise, dated July 19, 2022.
  • Notification No. 02/2023-Central Excise modifies Notification No. 04/2022-Central Excise, dated June 30, 2022.
  • The changes come into effect on January 3, 2023.

Key Changes

  • Notification No. 01/2023 replaces "Rs. 2,100 per tonne" in column (4) against S. No. 1 of the table in Notification No. 18/2022-Central Excise.
  • Notification No. 01/2023 replaces "Rs. 4.50 per litre" in column (4) against S. No. 2 of the table in Notification No. 18/2022-Central Excise.
  • Notification No. 02/2023 replaces "Rs. 5 per litre" in column (4) against S. No. 2 in the table of Notification No. 04/2022-Central Excise.

Impact Analysis

Businesses

  • Ensure compliance with the updated regulations from January 3, 2023.

Consumers

  • The extent of the impact on consumers will depend on how businesses pass on the changes in excise duties.

Government

  • The changes are made in public interest, implying the government aims to achieve certain economic or social objectives through these adjustments.

Action Items

  • Monitor the impact of the changes on sales and profitability.

Key Entities Referenced

Ministry of Finance (Department of Revenue): The government body responsible for issuing the notifications related to central excise duties. Central Excise Act, 1944: The primary legislation governing central excise duties in India. Finance Act, 2002: The legislation that provides the basis for the powers exercised in these notifications. Notification No. 18/2022-Central Excise: The original notification dated July 19, 2022, which is amended by Notification No. 01/2023. Notification No. 04/2022-Central Excise: The original notification dated June 30, 2022, which is amended by Notification No. 02/2023. Notification No. 42/2022-Central Excise: Notification dated December 15, 2022, which last amended Notification No. 18/2022-Central Excise. Notification No. 43/2022-Central Excise: Notification dated December 15, 2022, which last amended Notification No. 04/2022-Central Excise.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एxलxx.-GअID.E-0xx2x0 12023-241615 CG-DL-E-02012023-241615 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 4] नई ददल्ली, सोमिार, िनिरी 2, 2023/पौष 12, 1944 No. 4] NEW DELHI, MONDAY, JANUARY 2, 2023/PAUSHA 12, 1944 जित्त मत्रं ालय (रािस्ट्ि जिभाग) अजधसचू ना नई ददल् ली, 2 िनिरी, 2023 स.ं 01/2023—केन्‍द रीय उत् पाद िुल् क सा.का.जन. 4 (अ).—केंरीय सरकार, जित्त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्‍दरीय उत्पाद िल्ु 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 ें आिश्यक ह,ै भारत सरकार, जित्त मंत्रालय (रािस्ट्ि जिभाग) की अजधसूचना संख्या 18/2022-केन्‍दरीय उत्पाद िुल्क, ददनांक, 19 िुलाई, 2022, जिसे संख्या सा.का.जन. 584 (अ), ददनांक 19 िुलाई, 2022, म ें भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप खडं -(i) में प्रकाजित दकया गया था, म ें और आगे भी जनम्नजलजखत संिोधन करती ह,ै यथा:- उि अजधसूचना म,ें सारणी म,ें - (i) क्रमांक 1 के सामन,े कॉलम (4) म ें प्रजिजि के जलए, प्रजिजि "रु. 2,100 प्रजत टन" को प्रजतस्ट्थाजपत दकया िाएगा; (ii) क्रमांक 2 के सामन,े कॉलम (4) म ें प्रजिजि के जलए, प्रजिजि " रु. 4.50 प्रजत लीटर " को प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 3 िनिरी, 2023 स े प्रिृत्त होगी । 14 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] [फा. स.ं 354/15/2022-टीआरयू] अम्रीता टाइटस, उप सजचि नोट: मख्ु य अजधसूचना संख्या 18/2022-केन्‍दरीय उत्पाद िल्ु क, 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, उपखंड (i) म ें प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख्या 42/2022- केन्‍दरीय उत्पाद िुल्क, ददनांक 15 ददसंबर, 2022 जिसे सा.का.जन. संख्या 882 (अ), ददनांक 15 ददसंबर, 2022 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 2nd January, 2023 No. 01/2023—Central Excise G.S.R. 4(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. 2,100 per tonne” shall be substituted; (ii) against S. No. 2, for the entry in column (4), the entry “Rs. 4.50 per litre” shall be substituted. 2. This notification shall come into force on the 3rd 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. 42/2022-Central Excise, dated the 15th December, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 882(E), dated the 15th December, 2022. अजधसचू ना नई ददल् ली, 2 िनिरी, 2023 स.ं 02/2023—केन्‍द रीय उत् पाद िुल् क सा.का.जन. 5(अ).—केंरीय सरकार, जित्त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्‍द रीय उत् पाद िल्ु क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रदत् 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 पाद िुल् क, ददनांक 30 िून, 2022, जिसे संख्या सा.का.जन. 492 (अ), ददनांक[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 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 सामने, कॉलम (4) म ेंप्रजिजि के जलए, प्रजिजि "रु. 5 प्रजत लीटर" को प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 03 िनिरी, 2023 स े प्रिृत्त होगी । [फा. स.ं 354/15/2022-टीआरयू] अम्रीता टाइटस, उपसजचि नोट : मख्ु य अजधसूचना संख्या 04/2022-केन्‍द रीय उत् पाद िल्ु क, ददनांक 30 िून, 2022 जिसे सा.का.जन. संख्या 492 (अ), ददनांक 30 िून, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (i) में प्रकाजित दकया गया था और इसम ें अंजतम बार अजधसूचना संख्या 43/2022- केन्‍द रीय उत् पाद िुल् क, ददनांक 15 ददसंबर, 2022 जिसे सा.का.जन. संख्या 883 (अ), ददनांक 15 ददसंबर, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) म ें प्रकाजित दकया गया था। NOTIFICATION New Delhi, the 2nd January, 2023 No. 02/2023—Central Excise G.S.R. 5(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. 5 per litre” shall be substituted; 2. This notification shall come into force on the 3rd 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.43/2022-Central Excise, dated the 15th December, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 883(E), dated the 15th December, 2022. 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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