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<h1>Infrastructure Cess under Finance Act 2016, Section 162, funds projects, applies Central Excise Act provisions, not shared with States.</h1> Infrastructure Cess, as per the Finance Act, 2016, Chapter VII, Section 162, is an excise duty levied on goods specified in the Eleventh Schedule. This cess is imposed to finance infrastructure projects and is additional to other excise duties under the Central Excise Act, 1944, or any other law. The provisions of the Central Excise Act, including those related to assessment, refunds, and penalties, apply to this cess. The collected proceeds are for the Union's purposes and are not distributed among the States.