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of <h1>Government of India Revises Excise and Customs Duties: Impact on Sugar, Rubber, Silk, and Digital Cameras.</h1> The circular from the Ministry of Finance, Government of India, dated April 30, 2015, outlines changes in Central Excise and Customs duty rates following discussions on the Finance Bill, 2015. Key changes include increased customs duty on sugar and natural rubber, reduced duty on Colemanite and raw silk, and exemptions for digital cameras. Export duty on certain iron ore fines is reduced, while exemptions on additional customs duties are withdrawn. Excise duty changes affect tobacco production, textile manufacturing, and defense production. Service tax exemptions are granted for insurance services under government schemes. The circular clarifies the simultaneous use of exemptions for import duties.
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