Current Affairs · Bills and Acts
The Central Excise (Amendment) Bill introduced in late 2025 primarily seeks to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Transfer the exclusive authority of tobacco taxation entirely to State governments
- 2Abolish all forms of central taxation on tobacco-related manufacturing
- 3Provide fiscal space to increase the rate of Central excise duty on tobacco goods once the GST compensation cess ends✓
- 4Reduce GST rates on tobacco and pan masala products to boost consumption
Correct answer
Provide fiscal space to increase the rate of Central excise duty on tobacco goods once the GST compensation cess ends
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