Budget 2021- CBIC amends 4 Notifications to add the reference of Agriculture Infrastructure and Development Cess in the appropriate duty of excise

Last updated: 03 February 2021

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The Central Government has amended four existing Central Excise notifications following Budget 2021. These changes officially incorporate the Agriculture Infrastructure and Development Cess into the relevant excise duties. The amendments, effective from 2nd February 2021, ensure that the new cess is properly accounted for under existing excise regulations.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 07/2021-Central Excise New Delhi, the 1stFebruary, 2021 G.S.R.89(E). In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with section 112 of the Finance Act, 2018 (13 of 2018), sub-section (3) of section 147 of the Finance Act, 2002, (20 of 2002) and clause 116 of the Finance Bill, 2021 (15 of 2021), which, by virtue of the declaration mad

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1999

(Excl. of GST ₹359)

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3499

(Excl. of GST ₹629)

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FAQ :

The amendments aim to add the reference of the Agriculture Infrastructure and Development Cess to the appropriate excise duty notifications.

Four Central Excise notifications from 2018 (10/2018, 11/2018, 12/2018, and 13/2018) have been amended.

These amendments come into force on the 2nd of February, 2021.

The Agriculture Infrastructure and Development Cess is being introduced.

The cess is levied under clause 116 of the Finance Bill, 2021.

Notification No : 07/2021-Central Excise
Source : https://www.cbic.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2021/cx-tarr2021/ce07-2021.pdf

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