CBIC supersedes notification No. 49/2008-Central Excise (N.T.) to align with GST law

Seeks to supersede notification No. 49/2008-Central Excise (N.T.) dated 24.12.2008, in order to align it with the current legal position, post roll-out of GST vide Notification No. 01/2022 -Central Excise (N.T.) Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022.

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Revenue)

Notification No. 01/2022-Central Excise (N.T.)

New Delhi, the 1^st February, 2022

G.S.R. 91(E).– In exercise of the powers conferred by sub-sections (1) and (2) of section 4A of the Central Excise Act, 1944 (1 of 1944) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) notification No. 49/2008-Central Excise (N.T.) dated 24.12.2008, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 882(E), dated the 24^th December, 2008, except as respects things done or omitted to be done before such supersession, the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby specifies the goods under column (3) of the Table below and falling under the tariff item of the Fourth Schedule to the said Act, as specified in the corresponding entries in column (2) of the said Table, as the goods to which the provisions of sub-section (2) of said section shall apply and allows abatement as a percentage of retail sale price mentioned in the corresponding entry in column (4) of the said Table.

Table

2. This notification shall come into force on the 2^nd February, 2022.

[F. No. 334/01/2022 – TRU]

(Vikram Vijay Wanere)

Under Secretary to the Government of India