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budget 2024: Lok Sabha passes Bill to give immediate effect to customs, excise duty proposals in Budget

While the changes in rates of income and corporate taxes, incorporated in the Budget announced on February 1, are effective from April 1 or a notified date, most of the changes in customs and excise duty rates become effective from midnight. The Bill provides for the "immediate effect for a limited period" of provisions in Bills relating to the imposition or increase of duties of customs or excise.
Jayant Sinha Nirmala Sitharaman Lok Sabha Provisional Collection Taxes Bill Finance Minister Nirmala Sitharaman

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