Excise News

Lok Sabha Passes Central Excise Amendment Bill to Maintain High Tobacco Levy

05 December 2025 at 06:46

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'.

Posted in Excise | 1434 Views

Centre Proposes Major Excise Duty Hike on Tobacco Products Under Central Excise (Amendment) Bill, 2025

01 December 2025 at 15:41

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.

Posted in Excise | 2325 Views

CBIC Notifies Constitution of Interim Boards for Settlement Across Four Major Cities

10 April 2025 at 08:29

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.

Posted in Excise | 1731 Views

CBIC Rescinds Central Excise Notification 08/2022, Ends Specified Goods Exemption

05 December 2024 at 08:43

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.

Posted in Excise | 585 Views

Central Excise Bill, 2024 Expected to be Introduced in Upcoming Budget Session

10 June 2024 at 08:54

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

Posted in Excise | 2316 Views

CBIC Invites Suggestions On Draft Central Excise Bill, 2024

05 June 2024 at 08:55

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.

Posted in Excise | 288 Views

Central Govt. announces Excise Duty reduction on Petrol and Diesel

02 August 2022 at 08:43

Central Government reduced Central Excise duty on petrol and diesel to boost consumption and keep inflation low

Posted in Excise | 3615 Views

Excise duty on Petrol and Diesel reduced by Rs. 5 and Rs. 10 respectively

05 November 2021 at 08:44

The government of India has taken a significant decision of reducing Central Excise Duty on Petrol & Diesel by Rs. 5 and Rs. 10 respectively. Prices of petrol & diesel will thus come down accordingly.

Posted in Excise | 3609 Views

Sabka Vishwas scheme extended to 15th Jan 2020

01 January 2020 at 20:43

Sabka Vishwas (Legacy Dispute Resolution) Scheme has received a huge response with almost 73% of the total eligible taxpayers availed the Scheme and have committed to pay tax dues of Rs. 30,627 Crores. Keeping in view the response of the taxpayers to

Posted in Excise | 10962 Views