No departture from Central Excise by Govt.

[KASTURI SETHI]

The issuance of Central Excise Rules, 2017 and Cenvat Credit Rules, 2017 vide Notification Nos.19/17-CE(NT) and 20/17-CE(NT) both dated 30.6.17 and both effective from 1.7.17 indicates that Govt.has not 'bid farewell' to Central Excise and Cenvat Credit Rules. Whatever may be the purpose and reasons behind issuance of both the rules in GST Regime.

AI Summary

Central Excise Rules Still Relevant Post-GST; Applies to Six Items Including Petroleum and Tobacco Since July 1, 2017. In a discussion forum, a query was raised about the government's stance on Central Excise amidst the GST regime. Despite the introduction of GST, the issuance of Central Excise and Cenvat Credit Rules in 2017 suggests that these rules remain relevant. One participant noted that Countervailing Duty (CVD) still applies to many imports, affirming the continued relevance of Central Excise. Another participant clarified that, as of July 1, 2017, the Central Excise Act applies to six specific items, including petroleum products and tobacco, with the latter also under GST, while the former will be integrated into GST later.