Lok Sabha passes Central Excise (Amendment) Bill ahead of GST cess phaseout on ‘sin goods’ - The Economic Times

The Lok Sabha on Wednesday passed the Central Excise (Amendment) Bill in the Lok Sabha that look to repurpose levies on 'sin goods' such as tobacco, pan masala and related products ahead of the scheduled phaseout of the GST compensation cess levied on them. The Bill seeks to levy excise duty on tobacco and related products, while 'The Health Security se National Security Cess Bill, 2025' would be…