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Core Purpose

Notification by the Ministry of Finance (Department of Revenue) under Section 5A of the Central Excise Act, 1944, further amending Central Excise Notification No. 18/2022 to revise the excise duty rate to Rs. 7,000 per tonne, effective 16th July 2024.

Detailed Summary

The Ministry of Finance (Department of Revenue) issued Central Excise Notification No. 18/2024, G.S.R. 406(E), dated 15th July 2024, under Section 5A of the Central Excise Act, 1944 (1 of 1944) read with Section 147 of the Finance Act, 2002 (20 of 2002), further amending Notification No. 18/2022-Central Excise dated 19th July 2022 (G.S.R. 584(E)). In the Table of the principal notification, against Serial No. 1, the entry in column (4) is substituted with Rs. 7,000 per tonne, effective from 16th July 2024. The principal notification had last been amended vide Notification No. 17/2024-Central Excise dated 1st July 2024 (G.S.R. 359(E)). Signed by Amreeta Titus, Deputy Secretary, File No. 354/15/2022-TRU.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-15072024-255442 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 369] NEW DELHI, MONDAY, JULY 15, 2024/ASHADHA 24, 1946 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 15th July, 2024 No. 18/2024-Central Excise G.S.R. 406(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. 7000 per tonne" shall be substituted; 2. This notification shall come into force on the 16th day of July, 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. 17/2024-Central Excise, dated the 1st July, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 359 (E), dated the 1st July, 2024.

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