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Date: 29-Sep-2023 Category: Extra Ordinary State: Union Government Country: India

Windfall Tax

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 issued by the Ministry of Finance (Department of Revenue).
  • Notification No. 32/2023-Central Excise amends Notification No. 18/2022-Central Excise.
  • Notification No. 33/2023-Central Excise amends Notification No. 04/2022-Central Excise.
  • Both notifications come into effect on September 30, 2023.

Key Changes

  • Notification No. 32/2023-Central Excise substitutes the entry in column (4) against S. No. 1 in the table of Notification No. 18/2022-Central Excise with 'Rs. 12,100 per tonne'.
  • Notification No. 32/2023-Central Excise substitutes the entry in column (4) against S. No. 2 in the table of Notification No. 18/2022-Central Excise with 'Rs. 2.50 per litre'.
  • Notification No. 33/2023-Central Excise substitutes the entry in column (4) against S. No. 2 in the table of Notification No. 04/2022-Central Excise with 'Rs. 5 per litre'.

Impact Analysis

Businesses Subject to Central Excise

  • Businesses should ensure compliance with the updated regulations to avoid penalties.

Consumers

  • The extent of the impact on consumers will depend on whether businesses pass on the increased/decreased costs.

Government Revenue

  • The overall impact on government revenue will depend on the volume of production and sales of the goods affected by these notifications.

Key Entities Referenced

Central Government: The issuer of the notification, acting through the Ministry of Finance (Department of Revenue). Central Excise Act, 1944: The principal act governing central excise duties in India. Finance Act, 2002: Act that contains provisions related to central excise and other taxes. Notification No. 18/2022-Central Excise: The original notification being amended by Notification No. 32/2023-Central Excise, dated 19th July 2022, G.S.R. 584(E). Notification No. 04/2022-Central Excise: The original notification being amended by Notification No. 33/2023-Central Excise, dated 30th June 2022, G.S.R. 492(E). Notification No. 32/2023-Central Excise: Notification amending the central excise duties, dated 29th September 2023, G.S.R. 700(E). Notification No. 33/2023-Central Excise: Notification amending the central excise duties, dated 29th September 2023, G.S.R. 701(E).
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-29092023-249060 xxxGIDExxx CG-DL-E-29092023-249060 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 556] नई दिल्ली, ि्क्रिार, जसतम्ब र 29, 2023/आजश्ि न 7, 1945 No. 556] NEW DELHI, FRIDAY, SEPTEMBER 29, 2023/ASVINA 7, 1945 जित्त मंत्रालय (रािस्ट्ि जिभाग) अजधसचू ना नई दिल् ली, 29 जसतम्बर, 2023 स.ं 32/2023-केन्‍दर ीय उाप ाि िल्् क सा.का.जन 700(अ).—केंरीय सरकार, जिा त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्‍द रीय उा पाि िल्् क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रिा त िजतियय का प्रयगग करत े ुए, यह समाधान हग िान े पर दक ऐसा करना लगक जहत म ें आिश् यक ह, भारत सरकार, जिा त मत्रं ालय (रािस्ट् ि जिभाग) की अजधसूचना संख् या 18/2022-केन्‍द रीय उा पाि िल्् क, दिनांक, 19 ि्लाई, 2022, जिसे 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, म ें और आग े भी जनम्न जलजखत संिगधन करती ह, यथा:- उक्त अजधसूचना म,ें सारणी म,ें - (i) क्रमांक 1 के सामन,े कॉलम (4) में प्रजिजि के जलए, प्रजिजि "रु. 12,100 प्रजत टन" कग प्रजतस्ट्थाजपत दकया िाएगा; 6178 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (ii) क्रमांक 2 के सामने, कॉलम (4) में प्रजिजि के जलए, प्रजिजि " रु. 2.50 प्रजत लीटर " कग प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 30 जसतम्बर, 2023 से प्रिृत्त हगगी । [फा. स.ं 354/15/2022-टीआरयू] अम्रीता टाइटस, उप सजचि नगट : म्ख्य अजधसूचना संख्या 18/2022-केन्‍द रीय उा पाि िल्् क, दिनांक 19 िल् ाई, 2022 जिसे सा.का.जन. संख्या 584 (अ), दिनांक 19 िल् ाई, 2022 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखडं (i) म ें प्रकाजित दकया गया था और इसमें अंजतम बार अजधसूचना संख्या 30/2023- केन्‍दर ीय उा पाि ि्ल् क, दिनांक 15 जसतम्बर, 2023 जिसे सा.का.जन. संख्या 672 (अ), दिनांक 15 जसतम्बर, 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 29th September, 2023 No. 32/2023-Central Excise G.S.R. 700(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. 12,100 per tonne” shall be substituted; (ii) against S. No. 2, for the entry in column (4), the entry “Rs. 2.50 per litre” shall be substituted 2. This notification shall come into force on the 30th 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. 30/2023-Central Excise, dated the 15th September, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 672(E), dated the 15th September, 2023. अजधसचू ना नई दिल् ली, 29 जसतम्बर, 2023 स.ं 33/2023-केन्‍दर ीय उाप ाि िल्् क सा.का.जन. 701(अ).—केंरीय सरकार, जिा त अजधजनयम, 2002 (2002 का 20) की धारा 147 के साथ पठित केन्‍द रीय उा पाि िल्् क अजधजनयम, 1944 (1944 का 1) की धारा 5क के अधीन प्रिा त िजतियय का प्रयगग करत े ुए, यह समाधान हग िान े पर दक ऐसा करना लगक जहत म ें आिश् यक ह, भारत सरकार, जिा त मत्रं ालय (रािस्ट् ि जिभाग) की अजधसूचना संख् या 4/2022-केन्‍द रीय उा पाि िल्् क, दिनांक 30 िून, 2022, जिसे संख्या सा.का.जन. 492(अ),[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 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 संिगधन करती ह, यथा:- उक्त अजधसूचना म,ें सारणी म,ें (i) क्रमांक 2 के सामने, कॉलम (4) में प्रजिजि के जलए, प्रजिजि "रु. 5 प्रजत लीटर" कग प्रजतस्ट्थाजपत दकया िाएगा । 2. यह अजधसूचना 30 जसतम्बर, 2023 से प्रिृत्त हगगी । [फा. स.ं 354/15/2022-टीआरयू] अम्रीता टाइटस, उप सजचि नगट : मख्् य अजधसूचना संख्या 04/2022-केन्‍द रीय उा पाि िल्् 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 31/2023- केन्‍दर ीय उा पाि ि्ल् क, दिनांक 15 जसतम्बर, 2023 जिसे सा.का.जन. संख्या 673 (अ), दिनांक 15 जसतम्बर, 2023 के तहत भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) में प्रकाजित दकया गया था। NOTIFICATION New Delhi, the 29th September, 2023 No. 33/2023-Central Excise G.S.R. 701(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 30th 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.31/2023-Central Excise, dated the 15th September, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 673(E), dated the 15th September, 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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