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of <h1>Section 138 of Finance Act, 2007: 1% Secondary and Higher Education Cess on specified goods under Central Excise Tariff Act.</h1> The Secondary and Higher Education Cess, as outlined in Section 138 of the Finance Act, 2007, imposes an additional duty of excise on certain goods specified in the Central Excise Tariff Act, 1985. This cess is calculated at a rate of one percent on the total excise duties, excluding the Education Cess from the Finance Act, 2004. It is collected by the Central Government's Ministry of Finance and is supplementary to other excise duties. The Central Excise Act, 1944's provisions regarding refunds, exemptions, and penalties apply to this cess as they do to other excise duties.
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