News Update

High-Voltage Panel discusses inputs for STPI 2020 policyLustrous FDI inflows in Q2 - Gujarat bags maxLife certificate by pensioners - EPFO extends time limit till Feb-endCOVID-19 Vaccine - PM visits manufacturing plants; praise scientists for exemplary workJammu & Kashmir DDC elections - Over 52% turnout recorded in Phase-IModi visits Serum Institute in PuneModi congratulates Bharat Biotech for progress in Covaxin trialsEPFO extends deadline to submit life certificate by pensioners till Feb 28GST Compensation - Punjab also opts for Option-1; to get Rs 8359 CroreDGGI arrests Haryana-based illegal manufacturer of cigarettes for evading taxes worth Rs 129 CrorePM talks about COVID vaccine development with UK PMPM Modi reviews vaccine development at Zydus Cadila facilityMinistry proposes nomination facility at the time of vehicle registration900 compressed biogas plants to be set up in IndiaCalicut Airport Customs seizes gold worth Rs 77 lakh, concealed inside battery case of a Geepas Bluetooth speakerIndia plunges into technical recession with Q2 GDP at -7.5%Re-assessment proceedings are vitiated where assessee is not provided with reasons for initiating the same: ITATWhere assessee jointly owned another property on date of transfer of asset, claim for exemption u/s 54F cannot be rejected in respect of capital gains earned from transfer of solely owned property: ITATCus - If issue at hand pertains to interpretation of Notification, no suppression & wilful mis-statement of facts with intent to evade payment of duty can be attributed to assessee for invoking extended limitation: CESTATCX - Application seeking review of Tribunal's order, under guise of rectification of mistake, is not sustainable: CESTAT
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

3/2019 - Compensation Cess (Rate); Dated: September 30, 2019

In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 54 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-section (2) of Section 9 of the Goods and Services Tax (Compensation to States) Act, 2017, the Central Government, on the recommendations of the Council, hereby notifies the goods, the description of which is specified in column (3) of the Table below and falling under the tariff item, heading, sub-heading or Chapter, as the case may be, as specified in the corresponding entry in column (2) of the said Table, in respect of which no refund of unutilised input tax credit of compensation cess shall be allowed, where the credit has accumulated on account of rate of compensation cess on inputs being higher than the rate of compensation cess on the output supplies of such goods (other than nil rated or fully exempt supplies).

TABLE

S. No.

Tariff item, heading, subheading or Chapter

Description of Goods

(1)

(2)

(3)

1.

24

Tobacco and manufactured tobacco substitutes

Explanation. –

(1) In this Table, "tariff item", "sub-heading", "heading" and "Chapter" shall mean respectively a tariff item, sub-heading, heading or chapter, as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).

(2) The rules for the interpretation of the First Schedule to the said Customs Tariff Act, 1975, including the Section and Chapter Notes and the General Explanatory Notes of the First Schedule shall, so far as may be, apply to the interpretation of this notification.

[F.No.354/131/2019-TRU]

(Ruchi Bisht)
Under Secretary to the Government of India