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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Bill 2023: Amendments to Customs, Excise, and GST with Duty Rate Changes and Legislative Updates.</h1> The Finance Bill, 2023 proposes amendments to customs, central excise, and GST laws, including changes to duty rates and legislative adjustments. Key changes include rationalizing customs duty rates, with specific increases and decreases for various goods such as chemicals, precious metals, and electronics. The bill also revises the National Calamity Contingent Duty on cigarettes and provides excise duty exemptions for blended CNG. Legislative amendments include modifications to the Customs Act, the Customs Tariff Act, and the CGST and IGST Acts. Exemptions for certain goods are extended or discontinued, and specific notifications are rescinded.
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