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of <h1>Excise Duty Update: Standard Rate Hike to 10%, New Levies, and Procedural Amendments Impact Various Sectors.</h1> The circular outlines changes in excise duty rates, effective immediately unless specified. The standard excise duty on non-petroleum products is increased from 8% to 10%, affecting products like cement and large cars. Specific changes include the withdrawal of exemptions and adjustments in duty rates for various goods, including tobacco products, cement, coal, and certain machinery. New levies, such as the Clean Energy Cess on coal, are introduced. Additionally, procedural amendments are made to the Central Excise Act and CENVAT Credit Rules, affecting invoice authentication, duty payment schedules, and credit allowances. Changes in the Medicinal & Toilet Preparation Act reduce excise duty from 16% to 10%.
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