CBIC : Notification No 40 of 2023 Central Excise

Last updated: 04 December 2023

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The Central Government has issued Notification No. 40/2023-Central Excise, introducing an amendment to existing excise duty regulations. Effective from 1st December 2023, the duty rate for a specific item, previously listed under S. No. 1 in the table of Notification No. 18/2022-Central Excise, will be changed to 'Rs. 5000 per tonne'. This amendment is made in the public interest.

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 30th November, 2023
No. 40/2023-Central Excise

G.S.R. 871(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, against S. No. 1, for the entry in column (4), the entry “Rs. 5000 per tonne” shall be substituted.

2. This notification shall come into force with effect from the 01st day of December, 2023.

[F. No. 354/15/2022-TRU]
AMREETA TITUS, Dy. Secy.

FAQ :

The notification amends the Central Excise duty rates as per powers conferred by the Central Excise Act, 1944 and the Finance Act, 2002, for public interest.

This notification comes into force with effect from the 1st day of December, 2023.

Notification No. 40/2023-Central Excise amends the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 18/2022-Central Excise, dated 19th July, 2022.

The entry in column (4) against S. No. 1 in the table of the previous notification is being substituted with 'Rs. 5000 per tonne'.