Miscellaneous Amendments

[Admin TMI]

Question - What are proposed miscellaneous amendments in Central Excise Act ,1944 in Finance Bill 2015 ?

AI Summary

Finance Bill 2015: Excise Duty Hike on Petrol & Diesel; Clean Energy Cess Doubles; Immediate Effect Under Provisional Collection Act The discussion forum addresses proposed amendments to the Central Excise Act, 1944 in the Finance Bill 2015. Key changes include increasing the Additional Duty of Excise and Customs on petrol and diesel from 2 to 6 per litre, with the scheduled rate rising to 8 per litre. The levy of Additional Duty of Excise on certain waters is removed, while the Clean Energy Cess rate is increased from 100 to 200 per tonne, with the scheduled rate rising to 300 per tonne. These changes will take immediate effect under the Provisional Collection of Taxes Act, 1931.