The Finance Minister introduced the Finance Bill, 2025 in Lok Sabha today, 1st February 2025. Changes in Customs, Central Excise and rates have been proposed through the Finance Bill, 2025.
To prescribe effective rates of duty, the following notifications are being issued which are effective from 2nd February, 2025 unless specified otherwise:
| Duty | Notification Nos. | Dated |
| Tariff | ||
| Export Duty | No.3/2025-Customs |
1st February, 2025 |
| Customs Duty | No.4/2025-Customs | |
| No. 05/2025-Customs | ||
| No. 06/2025-Customs | ||
| No. 07/2025-Customs | ||
| No.08/2025-Customs | ||
| No. 09/2025-Customs | ||
| No. 10/2025-Customs | ||
| No. 11/2025-Customs | ||
| No. 12/2025-Customs | ||
| No. 13/2025-Customs | ||
| Central Excise | No.1/2025-Central Excise | |
| Non -Tariff | ||
| Customs | No.7/2025 -Customs (NT) | 1st February, 2025 |
A declaration has been made under the Provisional Collection of Taxes Act, 2023 in respect of Clause 98 (a) of the Finance Bill, 2025 and accordingly, changes proposed therein takes effect from the midnight of 1st February/2nd February, 2025. The other changes proposed in the Bill would come into effect on the enactment of the Bill or from 1st May, 2025 or the date specified in the Finance Bill.
This document summarises the changes made/proposed under the Customs and Excise – Section wise in a comparative manner for easy digest.
The Complete PDF document can be accessed at: https://www.a2ztaxcorp.com/key-highlights-of-proposed-changes-under-customs-excise-%26-service-tax-in-union-budget-2025-26-for-easy-digest
