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of <h1>Ministry of Finance Circular Proposes Budget 2012-2013 Changes in Customs and Excise Duties for Goods and Automobiles.</h1> The circular issued by the Ministry of Finance outlines changes proposed in the Budget 2012-2013 concerning Customs and Central Excise laws and duty rates. Key changes include an increase in Central Excise duty rates for non-petroleum goods, cigarettes, automobiles, and cement. The circular also details new duty structures for various goods, including textiles, footwear, and precious metals. Amendments to legislative provisions are highlighted, aligning excise penalties with customs laws and revising duty computation methods. The circular emphasizes smooth implementation and encourages feedback for clarification on the proposed changes.
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