Nirmala Sitharaman Speech | Nirmala Sitharaman Moves Central Excise (Amendment) Bill In Lok Sabha
The Lok Sabha has taken up the Central Excise (Amendment) Bill, 2025 for consideration and passage. The Bill, moved by Union Finance Minister Nirmala Sitharaman, seeks to amend the Central Excise Act, 1944, which governs the levy and collection of excise duties on goods manufactured in India. The proposed amendment revises excise duty rates on tobacco, manufactured tobacco products, and tobacco substitutes to maintain existing tax levels on these items.
