Amendment of Central Excise Notification

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]