Notification No. 26/2016, Dated 5th May 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification

No.22/2016- Central Excise

New Delhi, the 5thMay, 2016

G.S.R. (E). -In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, 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.12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 163(E), dated the 17^th March,2012, namely: -

In the said notification, in the Table,-

(i) against serial number 189, in column (4), for the entry “9.5%” appearing in both places, the entry “9.35%” shall be substituted;

(ii) against serial number 191, in column (4), for the entry “9.5%”, the entry “9.35%” shall be substituted;

(iii) against serial number 262B, in column (3), in item (a), after the words “Parts,

components and accessories”, the brackets and words “(except populated printed circuit boards)”shall be inserted;

(iv) serial numbers 263H and 263-I and the entries relating thereto shall be omitted;

(v) against serial number 263K, in column (3), in item (a), after the words “Parts, components and accessories”, the brackets and words “(except populated printed circuit boards)”shall be inserted;

(vi) against serial number 263M, in column (3), in item (a), after the words “Parts, components and accessories”, the brackets and words “(except populated printed circuit boards)”shall be inserted;

(vii) against serial number 263O, in column (3), in item (a), after the words “Parts, components and accessories”, the brackets and words “(except populated printed circuit boards)”shall be inserted;

(viii) against serial number 263Q, in column (3), in item (a), after the words “

Parts, components and accessories”, the brackets and words “(except populated printed circuit boards)”shall be inserted;

(ix) against serial number 263S, in column (3), in item (a), after the words “Parts, components and accessories”, the brackets and words “(except populated printed circuit boards)”shall be inserted;

(x) against serial number 263U, in column (3), in item (a), after the words “Parts,

components and accessories”, the brackets and words“(except populated printed circuit boards)”shall be inserted; (xi)after serial number 263U and the entries relating thereto, the following serial number and entries shall be inserted, namely :-

Frequently Asked Questions

What are Central Excise notifications?

Central Excise notifications are official announcements issued by the Government of India to communicate changes, updates, or clarifications related to central excise laws and procedures.

They may include amendments to duty rates, exemptions, procedural changes, or new compliance requirements, helping manufacturers and traders stay informed and compliant.

Why are Central Excise notifications important for businesses?

Central Excise notifications are important because they tell businesses about current regulations, duty changes, and compliance obligations.

These updates help manufacturers, importers, and tax professionals adjust their processes, prepare accurate returns, and avoid penalties for non-compliance with excise laws.

How often are Central Excise notifications released?

Central Excise notifications are released as and when the Government introduces changes to tax laws, exemptions, or procedures.

These may be issued periodically or in response to budget announcements, policy reforms, or judicial interpretations that require clarification or regulatory updates.

How can I access the latest Central Excise notifications?

The most reliable sources for the latest Central Excise notifications are official government portals such as the Central Board of Indirect Taxes and Customs (CBIC).

Seair Exim Solutions also consolidates and summarises important notifications to make it easier for businesses to track updates relevant to their operations.

Do Central Excise notifications affect past tax liabilities?

Yes, Central Excise notifications can affect past tax liabilities if they include retrospective amendments, clarifications, or transitional provisions.

Such notifications may have an earlier impact. assessments, compliance positions, or legal interpretations and should be reviewed carefully to ensure proper handling of legacy accounts.

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