The Central Government has notified the Central Excise (Amendment) Act 2025, revising excise duty rates on tobacco, cigarettes, biris and nicotine products under the updated Fourth Schedule.
Parliament has passed the Health and National Security Cess Bill, 2025, imposing an additional levy on pan masala units to strengthen India's defence and public health funding. The cess will apply over and above GST on demerit goods.
FM Nirmala Sitharaman defends the Health & National Security Cess Bill, saying the levy applies only to demerit goods like tobacco and pan masala, ensuring defence funding.
The Lok Sabha has successfully passed the Central Excise (Amendment) Bill, 2025, marking a pivotal moment in India's indirect tax structure for 'sin goods'.
The Central Excise (Amendment) Bill, 2025 proposes steep hikes in excise duty on cigarettes, tobacco and nicotine products as the GST compensation cess nears its end.
CBIC, through Notification No. 02/2025-Central Excise (N.T.) dated April 8, 2025, has formally constituted four Interim Boards for Settlement under the powers conferred by Section 31A(1) of the Central Excise Act, 1944.
In a crucial update, the Ministry of Finance has issued Notification No. 31/2024-Central Excise, dated December 3, 2024, rescinding Notification No. 08/2022-Central Excise.
The Centre is set to introduce the Central Excise Bill, 2024, during the upcoming budget session, aiming to replace the long-standing Central Excise Act, 1944
The Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance, invites suggestions on the draft 'Central Excise Bill, 2024' from stakeholders by 26th June 2024.
Central Government reduced Central Excise duty on petrol and diesel to boost consumption and keep inflation low
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