[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)
New Delhi, the 7th December, 2008
Notification No.58/2008 - Central Excise
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 directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table, namely :-
TABLE
S. No. | Notification number and date | Amendments |
(1) | (2) | (3) |
1. | 23/2003-Central Excise, dated the 31st March, 2003 | In the said notification, in the Table, - (i) against Sr. No. 5, for the entry in column (4), the entry “In excess of “Nil” Explanation.- The value of the goods shall be determined in terms of section 4 of the Central Excise Act.” shall be substituted; (ii) against Sr. No. 5A, for the entry in column (4), the entry “In excess of amount equal to 4% of duty of excise specified in the First Schedule to the Central Excise Tariff Act, 1985( 5 of 1986). Explanation.- The value of the goods shall be determined in terms of section 4 of the Central Excise Act.” shall be substituted; (iii) against Sr. No. 6, for the entry in column (4), the entry “In excess of amount equal to 4% of duty of excise specified in the First Schedule to the Central Excise Tariff Act, 1985( 5 of 1986). Explanation.- The value of the goods shall be determined in terms of section 4 of the Central Excise Act.” shall be substituted; (iv) against Sr. No. 7, for the entry in column (4), the entry “In excess of “Nil” Explanation.- The value of the goods shall be determined in terms of section 4 of the Central Excise Act.” shall be substituted; (v) against Sr. No. 7A, for the entry in column (4), the entry “In excess of amount equal to 4% of duty of excise specified in the First Schedule to the Central Excise Tariff Act, 1985( 5 of 1986). Explanation.- The value of the goods shall be determined in terms of section 4 of the Central Excise Act.” shall be substituted. |
2. | 29/2004-Central Excise, dated the 9th July, 2004 | In the said notification, in the Table, in column (4),- (i) for the entry “8%”, wherever it occurs, the entry “4%” shall be substituted; (ii) for the entry “4%”, wherever it occurs, the entry “Nil” shall be substituted. |
3. | 3/2005-Central Excise, dated the 24th February, 2005 | In the said notification, in the Table, against S. No.73, for the entry “8%” in column (4), the entry “4%” shall be substituted. |
4. | 3/2006-Central Excise, dated the 1st March, 2006 | In the said notification, in the Table, in column (4), - (i) for the entry “14%”, wherever it occurs, the entry “10%” shall be substituted; (ii) for the entry “8%”, wherever it occurs, the entry “4%” shall be substituted. |
5. | 4/2006-Central Excise, dated the 1st March, 2006 | In the said notification, in the Table, in column (4), - (i) for the entry “12%”, wherever it occurs, the entry “8%” shall be substituted; (ii) for the entry “8%”, wherever it occurs except for the entry occurring against S. No. 22 and 27, the entry “4%” shall be substituted; (iii) for the entry “Rs.220 per tonne”, wherever it occurs, the entry “Rs.145 per tonne” shall be substituted; (iv) for the entry “Rs.370 per tonne”, wherever it occurs, the entry “Rs.250 per tonne” shall be substituted; (v) for the entry “Rs.350 per tonne”, wherever it occurs, the entry “Rs.230 per tonne” shall be substituted; (vi) for the entry “12% of retail sale price”, wherever it occurs, the entry “8% of retail sale price” shall be substituted; (vii) for the entry “Rs.250 per tonne”, wherever it occurs, the entry “Rs.170 per tonne” shall be substituted; (viii) for the entry “14% or Rs.400 per tonne, whichever is higher”, wherever it occurs, the entry “10% or Rs.290 per tonne, whichever is higher” shall be substituted (ix) for the entry “14% of the value of such gold potassium cyanide excluding the value of gold used in the manufacture of such goods”, wherever it occurs, the entry “10% of the value of such gold potassium cyanide excluding the value of gold used in the manufacture of such goods” shall be substituted; (x) for the entry “14% of the value of material , if any, added and the amount charged for such manufacture”, wherever it occurs, the entry “10% of the value of material , if any, added and the amount charged for such manufacture” shall be substituted. |
6. | 5/2006-Central Excise, dated the 1st March, 2006 | In the said notification, in the Table, in column (4), - (i) for the entry “14%”, wherever it occurs, the entry “10%” shall be substituted; (ii) for the entry “12%”, wherever it occurs, the entry “8%” shall be substituted; (iii) for the entry “8%”, wherever it occurs, the entry “4%” shall be substituted. |
7. | 6/2006-Central Excise, dated the 1st March, 2006 | In the said notification, in the Table, in column (4), - (i) for the entry “24%”, wherever it occurs, the entry “20%” shall be substituted; (ii) for the entry “24% + Rs.15,000 per unit”, wherever it occurs, the entry “20% + Rs.15,000 per unit” shall be substituted; (iii) for the entry “14%”, wherever it occurs, the entry “10%” shall be substituted; (iv) for the entry “14% + Rs.10,000 per chassis”, wherever it occurs, the entry “10% + Rs.10,000 per chassis” shall be substituted; (v) for the entry “12%”, wherever it occurs, the entry “8%” shall be substituted; (vi) for the entry “12% + Rs.10,000 per chassis”, wherever it occurs, the entry “8% + Rs.10,000 per chassis” shall be substituted; (vii) for the entry “8%”, wherever it occurs, the entry “4%” shall be substituted. |
8. | 10/2006-Central Excise, dated the 1st March, 2006 | In the said notification, in the Table, in column (4), for the entry “8%”, wherever it occurs, the entry “4%” shall be substituted. |
9. | 49/2006-Central Excise, dated the 30th
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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. 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. 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. 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. 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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