https://www.taxtmi.com/news?id=63197 Legislation was introduced to impose excise duty on tobacco and tobacco products and to establish a new cess on pan masala replacing the GST compensation cess on those goods. The Enforcement Directorate issued a Rs 467 crore FEMA contravention show cause notice in the KIIFB Masala Bond matter to state officials, commencing statutory response and penalty procedures under foreign exchange law. en-us Mon, 01 Dec 2025 13:16:04 +0530 Mon, 01 Dec 2025 13:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63197 Legislation was introduced to impose excise duty on tobacco and tobacco products and to establish a new cess on pan masala replacing the GST compensation cess on those goods. The Enforcement Directorate issued a Rs 467 crore FEMA contravention show cause notice in the KIIFB Masala Bond matter to state officials, commencing statutory response and penalty procedures under foreign exchange law. News - Mon, 01 Dec 2025 13:16:04 +0530 https://www.taxtmi.com/news?id=63197