Lok Sabha Passes
Finance Bill 2018
·
Customs
and Excise Changes
·
Highlighted
Section in Bold letters are the operative part
[Ref:
Page No of BIG’s Easy Reference Customs
Tariff 2018-19 – Imports]
[Notification No. 41/2018 – Customs dated 6
April 2018]
In exercise of the powers conferred by sub-section (1) of section 25
of the Customs Act, 1962 (52 of 1962) read with sections 110 and 112 of the Finance Act,
2018 (13 of 2018), the Central Government, on being satisfied that it is necessary in the
public interest so to do, hereby amends the following
notifications of the Government of
India in the Ministry of Finance (Department of Revenue) specified in column (2) of the
Table below, to the extent specified in the corresponding
entries in column (3) of the said Table,
namely:-
|
Table |
|||
|
S.No. |
Notification No.
and Date |
Amendments |
Ref |
|
(1) |
(2) |
(3) |
|
|
1. |
11/2018-Customs, dated the 2nd
February, 2018
published in the
Gazette of India, Extraordinary,
vide number G.S.R. 114 (E), dated
the 2nd February,
2018. |
In the said notification,- (i)
for the words, figures and
brackets
“clause 108 of the Finance Bill, 2018 ( 4 of
2018), which, by
virtue of the declaration made
in the said Finance Bill
under the Provisional Collection
of Taxes Act, 1931 (16
of 1931), has the force of
law”, the words, figures
and brackets,
“section 110 of Finance Act, 2018 (13 of 2018)” shall be substituted; (ii)
for the
words “under the said clause of the Finance Bill”,
the words “under the said section of the said Finance
Act” shall be substituted. |
Exemption of Social Welfare Surcharge (p201) |
|
2. |
12/2018-Customs, dated the 2nd
February, 2018
published in the
Gazette of India, Extraordinary,
vide number G.S.R. 115 (E), dated
the 2nd February, 2018. |
In the said notification,- (i)
for the words, figures and
brackets
“clause 108 of the Finance Bill, 2018 ( 4 of 2018), which, by virtue of the declaration made in
the said Finance Bill under
the Provisional Collection of
Taxes Act, 1931 (16 of
1931), has the force of
law”, the words, figures
and brackets,
“section 110 of Finance Act, 2018 (13 of 2018)” shall be substituted; (ii)
for the
words “under the said clause of the
Finance Bill”,
the words “under the
said
section of the said Finance Act” shall
be substituted. |
SW Surcharge on Petrol, Diesel, Gold and Silver
@3% (p202) |
|
3. |
13/2018-Customs, dated the 2nd
February, 2018
published in the
Gazette of India, Extraordinary,
vide number G.S.R. 116 (E), dated
the 2nd February, 2018 |
In the said notification,- (i)
for the words, figures and
brackets
“clause 108 of the Finance Bill, 2018 ( 4 of
2018), which, by
virtue of the declaration made
in the said Finance Bill
under the Provisional Collection
of Taxes Act, 1931 (16
of 1931), has the
force of law”, the words, figures
and brackets,
“section 110 of Finance Act, 2018 (13 of
2018)” shall be substituted; (ii)
for the
words and figures “under
the said
clause of the Finance
Bill”, the
words
“under the said section of the said Finance
Act” shall be substituted. |
SW Surcharge Exempted on IGST and Compensation
Cess (p201) |
|
4. |
21/2018-Customs, dated the 2ndFebruary,
2018 published in the Gazette of India, Extraordinary,
vide number G.S.R. 124 (E), dated
the 2nd February,
2018 |
In the said notification, - (i)
for
the words, figures and brackets “clause 110 of the Finance Bill, 2018 (4 of 2018), which, by virtue
of the declaration made
in the said Finance Act under the Provisional
Collection of Taxes Act, 1931
(16 of 1931), has the force
of law”, the words, figures and brackets, “section 112 of Finance Act, 2018 (13 of 2018)”
shall be substituted; (ii)
for the
words and figures “aforesaid clause 110 of the Finance Bill, 2018”, the words and figures “aforesaid section 112 of Finance Act, 2018” shall be substituted. |
Additional Duty of Customs (CVD) Exempted on
Petrol and High Speed Diesel Oil under Clause 110 of Finance Bill 2018 (p528) |
(F. No. 334/4/2018-TRU Pt.)
Amendments in Excise
Notifications
[Notification
No. 19/2018-Central Excise dated 6 April 2018]
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), the Central Government on being satisfied that it is necessary in the public interest so to do, hereby amends the following notifications of the Government of India in the Ministry of Finance (Department of
Revenue) specified in column (2) of the Table below, to the
extent specified in the corresponding entries
in column (3) of
the said Table, namely: -
|
Table |
|||
|
S. No . |
Notification No.
and Date |
Amendments |
Ref |
|
(1) |
(2) |
(3) |
|
|
1. |
11/2017-Central Excise,
dated the 30th June, 2017
published in the Gazette of India,
Extraordinary, vide number G.S.R. 793(E), dated
the 30th June, 2017. |
In the said notification,
for the words, figures
and brackets “under clause
110 of the Finance Bill, 2018 (4 of
2018)”,wherever they
occur, the words, figures and
brackets “under section 112 of Finance Act, 2018 (13
of 2018)” shall be substituted. |
Excise Duty Petrol, Diesel, Blended Fuels and ATF
(Regional Connectivity Scheme) (p525) |
|
2. |
10/2018-Central Excise,
dated the 2nd February, 2018 published
in the Gazette
of India, Extraordinary, vide
number G.S.R. 136(E),
dated the 2nd February,
2018. |
In the said notification, -
(i)
for
the words, figures and brackets “clause
110 of the Finance Bill, 2018 (4 of 2018), which, by virtue
of the declaration made in the said Finance Bill under
the Provisional Collection of Taxes
Act, 1931 (16 of 1931), has the force of law”, the
words, figures and
brackets, “section 112 of Finance Act, 2018 (13 of
2018)” shall be substituted; (ii)
in the
Table, for the words, figures and brackets
“Clause
110 of the Finance Bill, 2018 (4 of 2018)”, the words, figures and brackets “section 112 of
Finance Act, 2018 (13 of 2018)” shall be substituted. |
Road and Infrastructure
Cess on Petrol and Diesel on Assam Refineries at 50% of Normal Rate (p529) |
|
3. |
11/2018-
Central Excise,
dated the 2nd February, 2018 |
In the said notification, -
(i)
for the
words, figures and brackets “clause 110 of
published in the Gazette of
India, Extraordinary, vide
number G.S.R. 137(E),
dated the 2nd February, 2018. the Finance Bill, 2018 (4 of 2018), which, by virtue of the declaration made in the
said Finance Bill under
the Provisional Collection of Taxes
Act, 1931 (16 of 1931), has the force of law”, the
words, figures and
brackets, “section 112 of Finance Act, 2018 (13 of
2018)” shall be substituted; (ii)
for
the words and figures “the aforesaid clause
of the Finance Bill, 2018”, the words and figures “the
aforesaid section of the Finance Act, 2018”shall be substituted; (iii)in the Explanation, for the
words, figures and
brackets “under
clause 110 of the Finance
Bill,
2018 (4 of 2018)”, the words, figures and brackets “under section 112 of the Finance Act, 2018 (13 of 2018)”, shall be substituted. |
Road and Infrastructure
Cess on 5% Ethanol Blended Petrol Exempt on Duty Paid Petrol (p528) |
|
4. |
12/2018-
Central Excise,
dated the 2nd February, 2018 published
in the Gazette
of India, Extraordinary, vide
number G.S.R. 138(E),
dated the 2nd February,
2018. |
In the said notification, -
(i)
for
the words, figures and brackets “clause
110 of the Finance Bill, 2018 (4 of 2018), which, by virtue of the declaration made in the
said Finance Bill under
the Provisional Collection of Taxes
Act, 1931 (16 of 1931), has the force of law”, the
words, figures and
brackets, “section 112 of Finance Act, 2018 (13 of
2018)” shall be substituted; (ii)
for
the words and figures “the aforesaid clause
of the Finance Bill, 2018”, the words and figures “the
aforesaid section of the Finance Act, 2018”shall be substituted; (iii) in
the Explanation, for the words, figures
and
brackets “under
clause 110 of the Finance
Bill,
2018 (4 of 2018)”, the words, figures and brackets “under section 112 of the Finance Act, 2018 (13 of 2018)”, shall be substituted. |
Road and Infrastructure
Cess on 10% Ethanol Blended Petro Exempt on Duty Paid Petrol l(p529) |
|
5. |
13/2018-
Central Excise,
dated the 2nd February, 2018 published
in the Gazette
of India, Extraordinary, vide
number G.S.R. 139(E),
dated the 2nd February,
2018. |
In the said notification, -
(i)
for
the words, figures and brackets “clause
110 of the Finance Bill, 2018 (4 of 2018), which, by virtue
of the declaration made in the said Finance Bill under
the Provisional Collection of Taxes
Act, 1931 (16 of 1931), has the force of law”, the
words, figures and
brackets, “section 112 of Finance Act, 2018 (13 of
2018)” shall be substituted; (ii)
for
the words and figures “the aforesaid clause
of the Finance Bill, 2018”, the words and figures “the
aforesaid section of the Finance Act, 2018”
shall be substituted; (iii) in
the Explanation, for the words, figures and brackets “under clause
110 of the Finance Bill, 2018
(4 of 2018)”, the words, figures and brackets
“under section 112 of the Finance Act, 2018 (13 of
2018)”, shall
be substituted. |
Road and Infrastructure
Cess on 20% Bio-Diesel Exempt on Duty Paid Diesel (p529) |
(F. No. 334/4/2018-TRU Pt.)
Rescinding Notifications –
Customs and Excise
[Notification
No.42/2018-Customs dated 6 April
2018]
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962
(52
of 1962) read with section 94 of the Finance (No. 2) Act, 2004 (23 of 2004), read with section 139 of the Finance Act, 2007 (22 of 2007), read with section 103 of the Finance (No. 2)
Act, 1998 (21 of 1998), and read with section 116 of the Finance Act, 1999
(27
of 1999), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby
rescinds the notifications
of the Government of India
in the Ministry of Finance
(Department of Revenue) as specified in column (2)
of the Table below, published in the
Gazette
of India, Extraordinary, Part II,
Section 3, Sub-section
(i), vide
corresponding
number G.S.R. as specified in column(3) of the Table below, except as respects things done or omitted to be done before such rescission.
Table
|
S.No. |
Notification
No. |
GSR No. |
Ref |
|
(1) |
(2) |
(3) |
|
|
1. |
7/2018- Customs,
dated 02-02-2018 |
110(E) dated
02-02-2018 |
No Education Cess under Sec 94 of Finance Act,
2004 (p203) |
|
2. |
8/2018- Customs,
dated 02-02-2018 |
111(E) dated
02-02-2018 |
No Secondary and Higher Education Cess under Sec
139 of Finance Act,, 2007 (p203) |
|
3. |
19/2018-
Customs, dated 02-02-2018 |
122(E) dated
02-02-2018 |
Additional Duty of Customs (Road Cess) on
Imported Petrol and Diesel (p528 |
|
4. |
20/2018-
Customs, dated 02-02-2018 |
123(E) dated
02-02-2018 |
[F.No.334/04/2018-TRU Pt.]
[Notification
No. 20/2018-Central Excise dated 6 April 2018]
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 111 of the Finance (No. 2) Act, 1998 (21 of 1998) and read with section 133 of the Finance Act, 1999 (27 of 1999) the
Central Government, on being satisfied that it is necessary in the public interest so to do,
hereby rescinds
the notifications of the Government
of India in the Ministry
of Finance (Department of Revenue) as specified in column (2)
of the Table below, published in the Gazette
of India, Extraordinary,
Part II,
Section
3,
Sub-section
(i), vide
corresponding number
G.S.R. as specified in column(3) of the Table below, except as respects things done
or omitted to be done before such rescission.
Table
|
S.No. |
Notification
No. |
GSR No. |
Ref |
|
(1) |
(2) |
(3) |
|
|
1. |
7/2018- Central
Excise,
dated 02-02-2018 |
133(E) dated
02-02-2018 |
Additional Duty of
Excise Exempted (Sec 111 of FA 1998)
(p528) |
|
2. |
8/2018- Central
Excise,
dated 02-02-2018 |
134(E) dated
02-02-2018 |
Additional Duty of
Excise Exempted (Sec 111 of FA 1999) (p528) |
[F.No.334/04/2018-TRU Pt.]