diff --git a/adapter/internal/operator/config/webhook/manifests.yaml b/adapter/internal/operator/config/webhook/manifests.yaml
index b13c9e7c4..e8cd2e25b 100644
--- a/adapter/internal/operator/config/webhook/manifests.yaml
+++ b/adapter/internal/operator/config/webhook/manifests.yaml
@@ -204,6 +204,26 @@ webhooks:
     resources:
     - interceptorservices
   sideEffects: None
+- admissionReviewVersions:
+  - v1
+  clientConfig:
+    service:
+      name: webhook-service
+      namespace: system
+      path: /mutate-dp-wso2-com-v1alpha3-ratelimitpolicy
+  failurePolicy: Fail
+  name: mratelimitpolicy.kb.io
+  rules:
+  - apiGroups:
+    - dp.wso2.com
+    apiVersions:
+    - v1alpha3
+    operations:
+    - CREATE
+    - UPDATE
+    resources:
+    - ratelimitpolicies
+  sideEffects: None
 - admissionReviewVersions:
   - v1
   clientConfig:
@@ -430,6 +450,26 @@ webhooks:
     resources:
     - interceptorservices
   sideEffects: None
+- admissionReviewVersions:
+  - v1
+  clientConfig:
+    service:
+      name: webhook-service
+      namespace: system
+      path: /validate-dp-wso2-com-v1alpha3-ratelimitpolicy
+  failurePolicy: Fail
+  name: vratelimitpolicy.kb.io
+  rules:
+  - apiGroups:
+    - dp.wso2.com
+    apiVersions:
+    - v1alpha3
+    operations:
+    - CREATE
+    - UPDATE
+    resources:
+    - ratelimitpolicies
+  sideEffects: None
 - admissionReviewVersions:
   - v1
   clientConfig:
diff --git a/common-controller/go.mod b/common-controller/go.mod
index d5707c7a8..a2b34d9c8 100644
--- a/common-controller/go.mod
+++ b/common-controller/go.mod
@@ -22,7 +22,7 @@ require (
 	github.com/pelletier/go-toml v1.9.5
 	github.com/redis/go-redis/v9 v9.2.1
 	github.com/wso2/apk/adapter v0.0.0-20231214082511-af2c8b8a19f1
-	github.com/wso2/apk/common-go-libs v0.0.0-20240304050809-a382bc6b0d82
+	github.com/wso2/apk/common-go-libs v0.0.0-20240923143402-ff7fdb0366f9
 	google.golang.org/grpc v1.65.0
 )
 
diff --git a/common-controller/internal/operator/config/webhook/manifests.yaml b/common-controller/internal/operator/config/webhook/manifests.yaml
index 233b8cad7..d34315615 100644
--- a/common-controller/internal/operator/config/webhook/manifests.yaml
+++ b/common-controller/internal/operator/config/webhook/manifests.yaml
@@ -204,6 +204,26 @@ webhooks:
     resources:
     - interceptorservices
   sideEffects: None
+- admissionReviewVersions:
+  - v1
+  clientConfig:
+    service:
+      name: webhook-service
+      namespace: system
+      path: /mutate-dp-wso2-com-v1alpha3-ratelimitpolicy
+  failurePolicy: Fail
+  name: mratelimitpolicy.kb.io
+  rules:
+  - apiGroups:
+    - dp.wso2.com
+    apiVersions:
+    - v1alpha3
+    operations:
+    - CREATE
+    - UPDATE
+    resources:
+    - ratelimitpolicies
+  sideEffects: None
 - admissionReviewVersions:
   - v1
   clientConfig:
@@ -430,6 +450,26 @@ webhooks:
     resources:
     - interceptorservices
   sideEffects: None
+- admissionReviewVersions:
+  - v1
+  clientConfig:
+    service:
+      name: webhook-service
+      namespace: system
+      path: /validate-dp-wso2-com-v1alpha3-ratelimitpolicy
+  failurePolicy: Fail
+  name: vratelimitpolicy.kb.io
+  rules:
+  - apiGroups:
+    - dp.wso2.com
+    apiVersions:
+    - v1alpha3
+    operations:
+    - CREATE
+    - UPDATE
+    resources:
+    - ratelimitpolicies
+  sideEffects: None
 - admissionReviewVersions:
   - v1
   clientConfig:
diff --git a/common-controller/internal/operator/operator.go b/common-controller/internal/operator/operator.go
index 6ab3078c6..77684918c 100644
--- a/common-controller/internal/operator/operator.go
+++ b/common-controller/internal/operator/operator.go
@@ -147,6 +147,11 @@ func InitOperator(metricsConfig config.Metrics) {
 			"Unable to create webhook for Ratelimit, error: %v", err))
 	}
 
+	if err = (&dpv1alpha3.RateLimitPolicy{}).SetupWebhookWithManager(mgr); err != nil {
+		loggers.LoggerAPKOperator.ErrorC(logging.PrintError(logging.Error2637, logging.MAJOR,
+			"Unable to create webhook for Ratelimit, error: %v", err))
+	}
+
 	if err = (&dpv1alpha3.APIPolicy{}).SetupWebhookWithManager(mgr); err != nil {
 		loggers.LoggerAPKOperator.ErrorC(logging.PrintError(logging.Error2638, logging.MAJOR,
 			"Unable to create webhook for APIPolicy, error: %v", err))
diff --git a/common-go-libs/config/webhook/manifests.yaml b/common-go-libs/config/webhook/manifests.yaml
index f4a9f4cd1..34dcc46bd 100644
--- a/common-go-libs/config/webhook/manifests.yaml
+++ b/common-go-libs/config/webhook/manifests.yaml
@@ -184,6 +184,46 @@ webhooks:
     resources:
     - interceptorservices
   sideEffects: None
+- admissionReviewVersions:
+  - v1
+  clientConfig:
+    service:
+      name: webhook-service
+      namespace: system
+      path: /mutate-dp-wso2-com-v1alpha3-ratelimitpolicy
+  failurePolicy: Fail
+  name: mratelimitpolicy.kb.io
+  rules:
+  - apiGroups:
+    - dp.wso2.com
+    apiVersions:
+    - v1alpha3
+    operations:
+    - CREATE
+    - UPDATE
+    resources:
+    - ratelimitpolicies
+  sideEffects: None
+- admissionReviewVersions:
+  - v1
+  clientConfig:
+    service:
+      name: webhook-service
+      namespace: system
+      path: /mutate-dp-wso2-com-v1alpha3-ratelimitpolicy
+  failurePolicy: Fail
+  name: mratelimitpolicy.kb.io
+  rules:
+  - apiGroups:
+    - dp.wso2.com
+    apiVersions:
+    - v1alpha3
+    operations:
+    - CREATE
+    - UPDATE
+    resources:
+    - ratelimitpolicies
+  sideEffects: None
 - admissionReviewVersions:
   - v1
   clientConfig:
diff --git a/helm-charts/templates/data-plane/gateway-components/common-controller/webhook/adapter-mutating-webhook-config.yaml b/helm-charts/templates/data-plane/gateway-components/common-controller/webhook/adapter-mutating-webhook-config.yaml
index f254504fd..a33cdac0e 100644
--- a/helm-charts/templates/data-plane/gateway-components/common-controller/webhook/adapter-mutating-webhook-config.yaml
+++ b/helm-charts/templates/data-plane/gateway-components/common-controller/webhook/adapter-mutating-webhook-config.yaml
@@ -112,14 +112,14 @@ webhooks:
     service:
       name: {{ template "apk-helm.resource.prefix" . }}-common-controller-service
       namespace: {{ .Release.Namespace }}
-      path: /mutate-dp-wso2-com-v1alpha1-ratelimitpolicy
+      path: /mutate-dp-wso2-com-v1alpha3-ratelimitpolicy
   failurePolicy: Fail
   name: mratelimitpolicy.kb.io
   rules:
     - apiGroups:
         - dp.wso2.com
       apiVersions:
-        - v1alpha1
+        - v1alpha3
       operations:
         - CREATE
         - UPDATE
diff --git a/helm-charts/templates/data-plane/gateway-components/common-controller/webhook/adapter-validation-webhook-config.yaml b/helm-charts/templates/data-plane/gateway-components/common-controller/webhook/adapter-validation-webhook-config.yaml
index 3bec9878d..df7f197b7 100644
--- a/helm-charts/templates/data-plane/gateway-components/common-controller/webhook/adapter-validation-webhook-config.yaml
+++ b/helm-charts/templates/data-plane/gateway-components/common-controller/webhook/adapter-validation-webhook-config.yaml
@@ -112,14 +112,14 @@ webhooks:
     service:
       name: {{ template "apk-helm.resource.prefix" . }}-common-controller-service
       namespace: {{ .Release.Namespace }}
-      path: /validate-dp-wso2-com-v1alpha1-ratelimitpolicy
+      path: /validate-dp-wso2-com-v1alpha3-ratelimitpolicy
   failurePolicy: Fail
   name: vratelimitpolicy.kb.io
   rules:
     - apiGroups:
         - dp.wso2.com
       apiVersions:
-        - v1alpha1
+        - v1alpha3
       operations:
         - CREATE
         - UPDATE
diff --git a/test/cucumber-tests/CRs/artifacts.yaml b/test/cucumber-tests/CRs/artifacts.yaml
index 2bbeb801a..a4a64a574 100644
--- a/test/cucumber-tests/CRs/artifacts.yaml
+++ b/test/cucumber-tests/CRs/artifacts.yaml
@@ -773,7 +773,7 @@ spec:
 
 
 ---
-apiVersion: "dp.wso2.com/v1alpha1"
+apiVersion: "dp.wso2.com/v1alpha3"
 kind: "RateLimitPolicy"
 metadata:
   name: "api-subscription-ratelimit"
@@ -912,10 +912,30 @@ spec:
     name: "Semantic Versioning API"
     version: "v\\d+(\\.\\d+)?"
   ratelimitRef:
-    name: api-subscription-ratelimit
+    name: api--sem-subscription-ratelimit
     level: application
 
 ---
+apiVersion: "dp.wso2.com/v1alpha3"
+kind: "RateLimitPolicy"
+metadata:
+  name: "api--sem-subscription-ratelimit"
+spec:
+  override:
+    subscription:
+      stopOnQuotaReach: true
+      organization: "default"
+      requestCount:
+        requestsPerUnit: 50
+        unit: "Minute" 
+      burstControl:
+        requestsPerUnit: 50
+        unit: "Minute"
+  targetRef:
+    kind: Subscription
+    name: "7416c241a121b844392d447f00ff6709cb9c932b"
+    group: gateway.networking.k8s.io
+---
 apiVersion: cp.wso2.com/v1alpha2
 kind: ApplicationMapping
 metadata: