Big tax update: Centre to scrap old excise law in Budget 2025

Business Nov 18, 2025

The government is set to repeal the Central Excise Act of 1944 in the upcoming Budget and bring in a new law that fits better with today's GST system.
This fresh legislation will focus on excise duties for just six products—crude oil, petrol, diesel, aviation turbine fuel, natural gas, and tobacco—streamlining things for everyone.

Why should you care?

The new law will ditch old-school paperwork and move everything online—from registration to filing returns—making life easier for businesses (and less boring for anyone who hates forms).
It also cuts out outdated licensing rules and lines up excise procedures with modern GST tech.
Basically, it's a step toward simpler taxes and smoother digital processes across India.