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.
No departture from Central Excise by Govt.
Asked by
Central Excise applicability continues for specified goods despite GST; revised excise and cenvat rules remain operative.
The revised Central Excise Rules and Cenvat Credit Rules were issued contemporaneously with GST implementation, signalling retention of excise procedures where applicable. Their application is confined to specified goods: five petroleum-related products and tobacco and tobacco products; tobacco falls under GST while the petroleum items are to be brought under GST later. Consequently the revised rules operate for those specified goods and related transitional excise obligations. (AI Summary)
The revised Central Excise Rules and Cenvat Credit Rules were issued contemporaneously with GST implementation, signalling retention of excise procedures where applicable. Their application is confined to specified goods: five petroleum-related products and tobacco and tobacco products; tobacco falls under GST while the petroleum items are to be brought under GST later. Consequently the revised rules operate for those specified goods and related transitional excise obligations. (AI Summary)
TaxTMI