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of <h1>Finance Bill 2014: Customs and Excise Duty Changes on Coal, Steel, Tobacco, and Solar Equipment Effective July 10.</h1> The Finance (No.2) Bill, 2014 introduced changes to Customs and Central Excise laws and duty rates, effective from July 10, 2014. Key amendments include adjustments in Customs duty rates for various products such as coal, steel, and electronic goods, and the introduction of duty exemptions for specific raw materials and equipment related to solar energy and other sectors. The Central Excise duty has been revised for products like cigarettes, tobacco, and pan masala, with new excise duties imposed on certain goods. The document also outlines legislative changes in Customs and Central Excise Acts, including procedural amendments and clarifications on existing exemptions.
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