Union Minister Nirmala Sitharaman speaks in the Lok Sabha during a session of Parliament. (Image: Sansad TV/PTI Photo) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Finance Minister Nirmala responded to a discussion on the Central Excise (Amendment) Bill in the Lok Sabha on Wednesday and clarified that the bill does not put forth any additional tax on tobacco. During the Parliament's winter session, Sitharaman said that the excise duty mop-up from tobacco to be part of divisible pool; to be shared with states.

The Central Excise (Amendment) Bill, 2025, seeks to replace the existing GST compensation cess on cigarettes, chewing tobacco, cigars, hookah, zarda and scented tobacco with a revised excise structure. FM Sitharaman also clarified in her response that the bill is

See Full Page