SIGN IN SUBSCRIBE

News Update

We are deepening economic ties with India, says US official8 Dutch engineers build world’s longest bicycle - 180 feet, 11 inchesMake the amnesty equitableNon-bailable warrants keep piling up against Vijay Mallya; Latest comes in Rs 180 Cr loan default caseCBIC hikes Central Excise duty on crude to Rs 6000 per tonne w.e.f July 2Unpacking Legal Circulars: The Scoop on Warranty and GST ImplicationsAustralia hikes visa fees to USD 1600 for foreign studentsProposed Sec. 128A of GST Act - some ruminationsGovt notifies CBI Court in Kolkata u/s 43 of PMLACus - Uploading assessment order on portal is not sufficient compliance of intimation: HC‘Dangerous precedent’, says Biden on latest SC ruling on immunity to PresidentCus - If any refund arises out of any order passed by the Commissioner(A)/Tribunal, unless a stay order is obtained, refund must be granted after three months from the date of the order: HCNorth Korea claims its ballistic missile now capable of ferrying super-large warheadsST - Petitioner was subjected to pay tax for the services availed for generation of power - Since Notification 15/2017-ST has been struck down, respondent to refund tax already paid: HCUS Supreme Court grants part relief to Donald Trump in poll subversion caseST - Non-imposition of Penalty - Once it is a discretion to be exercised, there can be no substantial questions of law arising thereof: HCUS Economy to grow at 2.6% in 2024: OECDGST - Transitional Credit - Recording invoices in the books of account, extension of time allowed u/s 140(5) proviso - However, it does not provide date by which such application is to be filed: HCBIS developing hub to connect UPI with four ASEAN countriesGST - Exports - Refund of IGST - Broken rings and chains supplied for making jewellery - Value of gold sold by jeweller would be shown inclusive of what is received - Respondent has excluded such value while working out refund - Matter remanded: HCTsunami of e-Way bills indicates strong economic growth momentum: GovtGST - GSTAT was not constituted when petition was filed - Since constituted now, petitioner directed to exhaust alternate remedy by filing appeal before it: HCC-DAC partners with MosChip & Socionext for design of High Performance Computing ProcessorGoyal interacts with industry leaders at HyderabadIndia to be lead chair of Global Partnership on Artificial Intelligence
Untitled Document

[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

NOTIFICATION NO

03/2023-Compensation Cess (Rate), Dated: July 26, 2023

In exercise of the powers conferred by sub-section (2) of section 8 of the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 1/2017-Compensation Cess (Rate), dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 720(E), dated the 28th June, 2017, namely:-

In the said notification,

I. in the Schedule, -

(i) against S. No. 1, for the entry in column (3), the entry "Pan Masala with declared retail sale price" shall be substituted;

(ii) after S. No. 1 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1)
(2)
(3)
(4)
"1A. 2106 90 20 Pan Masala, other than goods covered under S. No. 1 above 60%";

(iii) against S. No. 5, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(iv) after S. No. 5 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"5A. 2401 Unmanufactured tobacco (without lime tube)– bearing a brand name, other than goods covered under S. No. 5 above 71%";

(v) against S. No. 6, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(vi) after S. No. 6 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"6A. 2401 Unmanufactured tobacco (with lime tube)– bearing a brand name, other than goods covered under S. No. 6 above 65%";

(vii) against S. No. 7, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(viii) after S. No. 7 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"7A. 2401 30 00 Tobacco refuse, bearing a brand name, other than goods covered under S. No. 7 above 61%";

(ix) against S. No. 19, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(x) after S. No. 19 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"19A. 2403 11 10 'Hookah' or 'gudaku' tobacco, bearing a brand name, other than goods covered under S. No. 19 above 72%";

(xi) against S. No. 20, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(xii) after S. No. 20 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"20A. 2403 11 10 Tobacco used for smoking 'hookah' or 'chilam' commonly known as 'hookah' tobacco or 'gudaku', not bearing a brand name, other than goods covered under S. No. 20 above 17%";

(xiii) against S. No. 21, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(xiv) after S. No. 21 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"21A. 2403 11 90 Other water pipe smoking tobacco, not bearing a brand name, other than goods covered under S. No. 21 above 11%";

(xv) against S. No. 22, for the entry in column (3), the entry "Smoking mixtures for pipes and cigarettes, with declared retail sale price" shall be substituted;

(xvi) after S. No. 22 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"22A. 2403 19 10 Smoking mixtures for pipes and cigarettes, other than goods covered under S. No. 22 above 290%";

(xvii) against S. No. 23, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(xviii) after S. No. 23 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"23A. 2403 19 90 Other smoking tobacco bearing a brand name, other than goods covered under S. No. 23 above 49%";

(xix) against S. No. 24, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(xx) for S. No. 24A and the entries relating thereto, the following S. Nos. and entries shall be substituted, namely: -

(1) (2) (3) (4)
"24A. 2403 19 90 Other smoking tobacco, not bearing a brand name, other than goods covered under S. No. 24 above 11%
24B. 2403 91 00 "Homogenised" or "reconstituted" tobacco, bearing a brand name with declared retail sale price 0.36R per unit
24C. 2403 91 00 "Homogenised" or "reconstituted" tobacco, bearing a brand name, other goods covered under S. No. 24 B above 72%";

(xxi) against S. No. 26, for the entry in column (3), the entry "Chewing tobacco (without lime tube), with declared retail sale price" shall be substituted;

(xxii) after S. No. 26 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"26A. 2403 99 10 Chewing tobacco (without lime tube), other than goods covered under S. No. 26 above 160%";

(xxiii) against S. No. 27, for the entry in column (3), the entry "Chewing tobacco (with lime tube), with declared retail sale price" shall be substituted;

(xxiv) after S. No. 27 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"27A. 2403 99 10 Chewing tobacco (with lime tube), other than goods covered under S. No. 27 above 142%";

(xxv) against S. No. 28, for the entry in column (3), the entry "Filter khaini, with declared retail sale price" shall be substituted;

(xxvi) after S. No. 28 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"28A. 2403 99 10 Filter khaini, other than goods covered under S. No. 28 above 160%";

(xxvii) against S. No. 29, for the entry in column (3), the entry "Preparations containing chewing tobacco, with declared retail sale price" shall be substituted;

(xxviii) after S. No. 29 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"29A. 2403 99 20 Preparations containing chewing tobacco, other than goods covered under S. No. 29 above 72%";

(xxix) against S. No. 30, for the entry in column (3), the entry "Jarda scented tobacco, with declared retail sale price" shall be substituted;

(xxx) after S. No. 30 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"30A. 2403 99 30 Jarda scented tobacco, other than goods covered under S. No. 30 above 160%";

(xxxi) against S. No. 31, for the entry in column (3), the entry "Snuff, with declared retail sale price" shall be substituted;

(xxxii) after S. No. 31 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"31A. 2403 99 40 Snuff, other than goods covered under S. No. 31 above 72%";

(xxxiii) against S. No. 32, for the entry in column (3), the entry "Preparations containing snuff, with declared retail sale price" shall be substituted;

(xxxiv) after S. No. 32 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"32A. 2403 99 50 Preparations containing snuff, other than goods covered under S. No. 32 above 72%";

(xxxv) against S. No. 33, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(xxxvi) after S. No. 33 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"33A. 2403 99 60 Tobacco extracts and essence, bearing a brand name, other than good covered under S. No. 33 above 72%";

(xxxvii) against S. No. 34, for the entry in column (3), after the words "brand name", the words "with declared retail sale price" shall be inserted;

(xxxviii) after S. No. 34 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"34A. 2403 99 60 Tobacco extracts and essence, not bearing a brand name, other than goods covered under S. No. 34 above 65%";

(xxxix) against S. No. 35, for the entry in column (3), the entry "Cut tobacco, with declared retail sale price" shall be substituted;

(xl) after S. No. 35 and the entries relating thereto, the following S. No. and entries shall be inserted, namely: -

(1) (2) (3) (4)
"35A. 2403 99 70 Cut tobacco, other than goods covered under S. No. 35 above 20%";

(xli) against S. No. 36, for the entry in column (3), the entry "Pan masala containing tobacco 'Gutkha', with declared retail sale price " shall be substituted;

(xlii) for S. No. 36A and the entries relating thereto, the following S. No. and entries shall be substituted, namely: -

(1) (2) (3) (4)
"36A. 2403 99 90 Pan masala containing tobacco 'Gutkha', other than goods covered under S. No. 36 above 204%";

(xliii) for S. No. 36B and the entries relating thereto, the following S. No. and entries shall be substituted, namely: -

(1) (2) (3) (4)
"36B. 2403 99 90 All goods, other than pan masala containing tobacco 'gutkha', bearing a brand name, with declared retail sale price 0.43R per unit";

(xliv) after S. No. 36B and the entries relating the, the following S. Nos. and entries shall be substituted, namely: -

(1) (2) (3) (4)
"36C. 2403 99 90 All goods, other than pan masala containing tobacco 'gutkha', bearing a brand name, other than good covered under S. No. 36B above 96%
36D. 2403 99 90 All goods, other than pan masala containing tobacco 'gutkha', not bearing a brand name, with declared retail sale price 0.43R per unit
36E. 2403 99 90 All goods, other than pan masala containing tobacco 'gutkha', not bearing a brand name, other than goods covered under S. No. 36D above 89%";

(xlv) against S. No. 52B, in column (3), for the entry, the entry "Motor vehicles known as Utility Vehicles, by whatever name called including Sports Utility Vehicles (SUV), Multi Utility Vehicles (MUV), Multi-purpose vehicles (MPV) or Cross-Over Utility Vehicles (XUV), with engine capacity exceeding 1500 cc ; Length exceeding 4000 mm and Ground Clearance of 170 mm and above.

Explanation: For the purpose of this entry, the Ground Clearance means ground clearance in unladen condition." shall be substituted;

II. In the Explanation, after clause (4), following clause shall be inserted, namely: -

"(5) For the purposes of this notification, the words "declared retail sale price", with respect to the goods specified in column (3) of the Schedule above, shall mean the retail sale price of such goods which are required to be declared in compliance with the provisions of the Legal Metrology Act, 2009 (1 of 2010) or the rules made thereunder or under any other law for the time being in force";

2. This notification shall come into force on 27th July, 2023

[F.No.190354/133/2023-TRU]

(Nitish Karnatak)
Under Secretary

Note: - The principal notification No.1/2017-Compensation Cess (Rate), dated the 28th day of June, 2017, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 720(E), dated the 28th day of June, 2017, and was last amended vide notification No. 2/2023-Compensation Cess (Rate), dated the 31st March, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 253(E), dated the 31st March, 2023.

TIOL Tube Latest

TIOL Tube
India's Path to Becoming a Superpower: An Interview with Pratap Singh

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST