Excise and customs rate rationalization expands indirect tax base and extends service tax to numerous new services. The Finance Bill, 2002 proposes comprehensive indirect tax reforms: consolidation and adjustment of excise duty rates with revised exemptions and textile-specific measures; restructured petroleum excise components and regional refinery concessions; customs tariff reductions and selective rate increases with revised concession limits; expanded scope of service tax to specified new services and corporate providers of financial services; enhanced administrative powers to clarify exemptions and revised appellate and review timelines; and mandatory price-data reporting to assess price and revenue impact.