TaxTMI 
TaxTMI 
Question - What are proposed miscellaneous amendments in Central Excise Act ,1944 in Finance Bill 2015 ?
Miscellaneous Amendments
01 Mar 2015 
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Excise levy changes: higher road cess on petrol and diesel and higher clean energy cess; excise on sugary waters omitted.
Amendments increase Scheduled and effective rates of Additional Duty of Excise and Additional Duty of Customs (road cess) on petrol and high speed diesel, and raise the Scheduled and effective rates of Clean Energy Cess; the petrol, diesel and clean energy cess increases are effective immediately under the Provisional Collection of Taxes Act, 1931. Separately, the amendment omits the Additional Duty of Excise entry previously applying to waters, including mineral and aerated waters containing added sugar. (AI Summary)
Amendments increase Scheduled and effective rates of Additional Duty of Excise and Additional Duty of Customs (road cess) on petrol and high speed diesel, and raise the Scheduled and effective rates of Clean Energy Cess; the petrol, diesel and clean energy cess increases are effective immediately under the Provisional Collection of Taxes Act, 1931. Separately, the amendment omits the Additional Duty of Excise entry previously applying to waters, including mineral and aerated waters containing added sugar. (AI Summary)