Central Excise Act, 1944 As amended by The Finance Act, 2022 (Fourth Schedule), dt. 30-3-2022, w.e.f. 1-5-2022

This 2025 edition of The Central Excise Act, 1944 (Act 1 of 1944) reproduces India’s legacy indirect-tax statute exactly as notified, consolidated through the latest change in the Finance Act, 2022 (First Schedule, dt. 30-3-2022, w.e.f. 1-5-2022). Although GST now covers most goods, central excise duty still applies to petro-products, tobacco and a curated list of items—making an up-to-date Bare Act indispensable for oil & gas, tobacco, and duty-exempt manufacturers.

The volume also binds in the complete, amended texts of every surviving rule set:

• Central Excise Rules, 2002

• Central Excise (Appeals) Rules, 2001

• Central Excise (Compounding of Offences) Rules, 2005

• Central Excise (Settlement of Cases) Rules, 2007

• Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000

• Central Excise (Determination of Retail Sale Price of Excisable Goods) Rules, 2008

• Central Excise (Exemption of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2017

• Central Excise (Advance Rulings) Rules, 2017

• CENVAT Credit Rules, 2017

Concise short comments sit beneath pivotal sections—flagging the post-GST “declared-goods” list, self-assessment forms, e-invoice integration and revised penalty slabs—while preserving full Bare-Act integrity for exams and courtroom citation.

Core statutory coverage

• Levy, assessment & self-remittance of basic excise duty, NCCD & special duties on petroleum and tobacco.

• Valuation & tariff classification—transaction-value principles, RSP-based duty and specific-rate schedules.

• Registration, e-invoicing & record-keeping under the 2002 Rules and ACES-2.0 portal.

• CENVAT credit—eligible inputs, input services, capital goods and 20 % banking restriction (Rules 2017).

• Appeals & dispute resolution—Commissioner (Appeals), CESTAT, settlement commission and advance-ruling authority.

• Offences, penalties & compounding—post-2022 decriminalised monetary fines, prosecution thresholds and voluntary-payment rebates.

This edition is particularly suited for

• AIBE candidates and law students covering residual-excise and post-GST transitional law.

• Petroleum, tobacco & alcohol manufacturers, refineries and bonded warehouses navigating day-to-day duty compliance.

• Indirect-tax counsel, chartered accountants & in-house tax teams handling classification, valuation and credit disputes.

• Policy analysts, economists & journalists tracking revenue trends and special-duty carve-outs.

Exact Gazette text · pinpoint explanatory notes · zero superfluous commentary—your fastest route to clarity, authenticity and practical insight on India’s continuing excise regime.