Notification No. 3/2023 rate
Date: July 26, 2023
Subject: Comprehensive restructuring of compensation cess entries for tobacco and pan masala.
Description:
This notification extensively restructures Schedule entries in Notification No. 1/2017 by distinguishing goods based on declared retail sale price and brand status. Multiple new sub-entries are inserted and existing ones substituted. The amendment aims to plug valuation loopholes and improve cess administration.
Issued for earlier notification?
Yes — it amends Notification No. 1/2017–Compensation Cess (Rate).