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

New laws are set to tax tobacco and pan masala products. These bills replace the GST compensation cess. Excise duty will be levied on tobacco items. A health and national security cess will apply to pan masala. This ensures high taxation on these goods continues. The government aims to repay loans and end the compensation cess soon.