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Core Purpose

Notification under Section 5A of the Central Excise Act, 1944 amending Notification No. 18/2022-Central Excise dated 19 July 2022 to revise the excise duty rate specified against Serial No. 1 of the Table to Rs. 1700 per tonne.

Detailed Summary

Notification No. 03/2024-Central Excise, G.S.R. 42(E), dated 15 January 2024, issued by the Ministry of Finance (Department of Revenue), states that in exercise of powers under Section 5A of the Central Excise Act, 1944 (1 of 1944) read with Section 147 of the Finance Act, 2002 (20 of 2002), and being satisfied it is necessary in the public interest, the Central Government makes further amendments to Notification No. 18/2022-Central Excise dated 19 July 2022 (published vide G.S.R. 584(E) dated 19 July 2022): in the Table to that notification, against Serial No. 1, the entry in column (4) is substituted with 'Rs. 1700 per tonne'; the amending notification comes into force on 16 January 2024; a note records that the principal notification No. 18/2022-Central Excise was last amended by Notification No. 01/2024-Central Excise dated 1 January 2024 (G.S.R. 1(E) dated 1 January 2024); the notification is signed by Amreeta Titus, Deputy Secretary, under file number 354/15/2022-TRU.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-15012024-251353 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 36] NEW DELHI, MONDAY, JANUARY 15, 2024/PAUSHA 25, 1945 307 GI/2024 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 15th January, 2024 No. 03/2024-Central Excise G.S.R. 42(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. 1700 per tonne" shall be substituted; 2. This notification shall come into force on the 16th day of January, 2024. [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. 01/2024-Central Excise, dated the 1st January, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 1(E), dated the 1st January, 2024.

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