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of <h1>Finance Bill 2017: Amendments to Central Excise Act redefine 'Authority,' adjust duty rates, and set ruling time limits.</h1> The Finance Bill, 2017 introduces several amendments to the Central Excise Act, 1944, including redefining 'Authority' for Advance Ruling, omitting certain sections, increasing application fees, and setting time limits for rulings. It also amends excise duty rates on tobacco products, pan masala, and renewable energy items, among others. Changes include increased duties on tobacco products and reduced rates for solar and renewable energy components. The Bill introduces time limits for duty remission and CENVAT credit transfers. Additionally, it retrospectively adjusts excise duty on certain motor vehicles and modifies rates for cigarettes and tobacco products under the Finance Act, 2005.
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