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of <h1>Infrastructure Cess Introduced in Finance Bill 2016: 4% Excise Duty on Eleventh Schedule Goods for Infrastructure Funding</h1> Clause 159 of the Finance Bill, 2016, introduces an Infrastructure Cess on goods listed in the Eleventh Schedule, imposing a 4% excise duty to fund infrastructure projects. This cess is additional to existing excise duties under the Central Excise Act, 1944, and related laws. The provisions and rules of the Central Excise Act, including those on assessment, refunds, and penalties, apply to this cess. The collected cess is intended for Union purposes and is not shared with the States.
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