Note:
(a) “Basic Excise Duty” means the excise duty set forth in the Fourth Schedule to the Central Excise Act, 1944.
(b) “NCCD” means National Calamity Contingent Duty levied under Finance Act, 2001, as a duty of excise on specified goods at rates specified in Seventh Schedule to Finance Act, 2001
(c) Clause Nos. in square brackets [ ] indicate the relevant clause of the Finance (No. 2) Bill, 2024.
(d) Amendments carried out through the Finance (No. 2) Bill, 2024 come into effect on the date of its enactment, unless otherwise specified.
| S. No. | Amendment | Clause of the Finance (No. 2) Bill,
2024 |
| Amendment of Central Excise Notification
[The changes will come into effect from date of enactment of the Finance (No. 2) Bill 2024] |
||
| 1. | Notification No 12/2012-Central Excise dated 17.3.2012 is being amended to extend the time period for submission of the final Mega Power Project certificate from 120 months to 156 months. | [108]
Read with Fifth Schedule |
| Exemption from Clean Environment Cess
[The changes will come into effect from date of enactment of the Finance (No. 2) Bill 2024]. |
||
| 2. | The Clean Environment Cess, levied and collected as a duty of excise, is being exempted on excisable goods lying in stock as on 30th June, 2017 subject to payment of appropriate GST Compensation Cess on supply of such goods on or after 1st July, 2017. | [109] |
