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of <h1>Finance Bill 2010: Excise Duty Hike on Goods, Petrol, Diesel; New Clean Energy Cess on Coal Introduced.</h1> The Finance Bill, 2010 introduces changes to excise duties and legislative proposals, effective from February 27, 2010. Key changes include an increase in the standard excise duty rate for non-petroleum goods from 8% to 10%, with specific adjustments for cement, vehicles, and tobacco products. Excise duty on petrol and diesel is increased by Re.1 per litre. A Clean Energy Cess on coal, lignite, and peat is introduced. Certain exemptions and concessions are withdrawn, while relief measures include full excise duty exemptions for specific goods and concessional rates for others. Procedural simplifications for the small-scale sector are also implemented.
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