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Consider the following statements about Clean Energy Cess.
1.It is levied under Environment and Protection Act,1986.
2.It is levied only on the domestic coal produced in India.
3.It is a sort of carbon expense levied on Coal, Lignite and Peat with a specific end goal to back and advance clean condition activities.
Which of the following statements is/are correct ?
1 Only
2 and 3 Only
3 Only
1 and 2 Only
Clean Energy Cess is a sort of carbon expense and is exacted in India as an obligation of Excise under segment 83 (3) of the Finance Act, 2010 on Coal, Lignite and Peat with a specific end goal to back and advance clean condition activities, subsidizing research in the zone of clean condition or for any such related purposes.
This was presented, with impact from 1 July 2010, however the Union Budget 2010-11, on coal delivered in India or imported to India. This is in accordance with the rule of “polluter pays“, which is the fundamental directing criteria for contamination administration. Vide Finance Act, 2016 the Clean Energy Cess was renamed as Clean Environment Cess.
By: Harman Sandhu ProfileResourcesReport error
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