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of <h1>Finance Bill 2015: Customs Duty Hikes on Sugar, Rubber; Cuts on Boron, Silk; New Excise Rules for Tobacco.</h1> The circular outlines changes in Central Excise and Customs duty rates as announced by the Finance Minister during the Finance Bill, 2015 discussions. Key changes include increased customs duty on sugar and natural rubber, reduced duty on boron ores and raw silk, and exemptions for digital cameras. Export duty on certain iron ore fines is reduced. Excise duty exemptions for certain industries are withdrawn, and new rules for tobacco production capacity and duty are introduced. Service tax exemptions are granted for specific insurance and pension schemes. Clarifications on customs duty exemptions for importers are provided. These changes are effective from April 30, 2015, with some taking effect on June 1, 2015.
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