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of <h1>Finance Bill 2015: Customs Duty Adjustments, Excise Duty Increase, Education Cess Exemptions Explained.</h1> The circular outlines changes in Customs and Central Excise laws and duty rates as proposed in the Finance Bill, 2015. Key changes include adjustments in the rates of Basic Customs Duty on various goods, such as reducing duty on bituminous coal and increasing duty on metallurgical coke. The Education Cess and Secondary & Higher Education Cess on excisable goods are exempted, while the standard ad valorem excise duty rate is increased from 12% to 12.5%. The document also details amendments to rules regarding the determination of excise duty for certain goods, and clarifies legislative changes in Customs and Central Excise Acts.
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