Seeks to exempt excise duty on goods manufactured on or before 30th June 2017 but not cleared from the factory of production before 1st July 2017

Circular No.ES/99/2017-18                                                    July 04, 2017

To: Members of the Council

Sub: Seeks to exempt excise duty on goods manufactured on or before 30th June 2017 but not cleared from the factory of production before 1st July 2017

Dear Member,

CBEC has issued Notification No. 12/ 2017- C. Ex dated 30.06.2017 by exempting all excisable goods [except petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural gas, aviation turbine fuel, tobacco and tobacco products] from the whole of the duty of excise leviable thereon under the said Central Excise Act subject to the following conditions:

1. The goods should have been manufactured on or before the 30^th June 2017 but not cleared from the factory of production before the 1St July 2017;and

2. the appropriate central tax, State tax, Union territory tax or integrated tax, as the case maybe, shall be payable on such goods, if cleared on or after the 1St July 2017 as leviable on such goods under the Central Goods and Services Tax Act, 2017 (12 Of 2017), the State Goods and Services Tax Act of the State concerned , the Union Territory Goods and Services Tax Act , 2017(14 Of 2017) or the Integrated Goods and Services Tax Act, 2017(13 Of 2017).

Members may kindly make note of the same.

Thanking you,

V. ANIL KUMAR
EXECUTIVE DIRECTOR