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CENTRAL EXCISE
Stocks in news: Tata Group stocks, HDFC Bank, Coforge, HFCL, Sun Pharma and Varun BeveragesOn September 11, Indian stock markets experienced a remarkable bounce back after an initial dip at opening. Key index heavyweights attracte...
Devans expands beer footprint as costs squeeze marginsDevans Modern Breweries is expanding its beer business into new Indian markets. The company is also developing a premium spirits portfolio ...
ED raids Karnataka minister Satish Jarkiholi, family members over excise licence probeThe Enforcement Directorate searched premises linked to Minister Satish Jarkiholi and his family. These searches are part of an investigati...
ED raids Jarkiholi, MP daughter; Congress alleges targeting of Opposition leadersCentral agencies are being used to threaten opposition leaders, according to Karnataka Congress president B K Hariprasad. The Enforcement D...
SC sets aside show cause notice to Tata Steel over input tax credit availed during FY19-23The Supreme Court has quashed a tax demand notice against Tata Steel. This notice involved an alleged irregular input tax credit claim. The...
Tamil Nadu steps up liquor quality checks across distilleries after Enrica controversyTamil Nadu has ordered strict quality testing across all state distilleries. This action follows public concern over a temporary ban and qu...
CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 crHyderabad CGST Zone busted a clandestine pan masala and tobacco manufacturing unit. Officials detected approximately Rs 160 crore in duty a...
DGGI officers bust clandestine pan masala, tobacco manufacturing network; detect tax evasion of Rs 185 croreDGGI officers busted a pan masala and tobacco manufacturing network in Uttar Pradesh. They seized twenty-seven undeclared pouch-packing mac...
- Fiscally fit: The counterintuitive move that helped India tame inflation
India's inflation between 2010 and 2016 offers a lesson in fiscal discipline. Persistent deficits eroded confidence, leading to high inflat...
Life insurer denied Rs 1 crore death claim over earlier policy postponement on medical grounds; here's why family wins in state commissionA life insurance claim was rejected due to alleged non-disclosure of a prior proposal. The insurer failed to prove the policyholder knowing...
India's 'BBB-' rating unchanged: Fitch cites energy shocks, fiscal weakness, but praises growthFitch Ratings kept India's sovereign credit rating at BBB- with a stable outlook. Robust growth and solid external finances balance fiscal ...
Government approves introduction of one billion polymer banknotes of Rs 10 and 20The government has approved polymer banknotes for field trials and regular issuance. Inflation has declined steadily, though recent pressur...
Excise case: Delhi HC to hear on Monday ED plea against Arvind Kejriwal's bailThe Delhi High Court will on Monday hear the Enforcement Directorate’s plea challenging former Delhi chief minister Arvind Kejriwal’s bail ...
CBIC weighs centralised GST registration under one PANThe proposal seeks to address a longstanding industry demand by examining whether businesses operating across multiple states can be admini...
Government revises excise duty evasion limit to warrant arrestArrest and prosecution of a person henceforth can be resorted only if the offence relating to evasion of central excise duty or misuse of C...
CBEC to withdraw 15-year old cases of Rs 5 lakh excise evasionIn a bid to cut litigation, the government has decided to withdraw central excise cases older than 15 years involving duty less than Rs 5 l...
DGCEI detects Rs 2540 crore evasion of Central excise, service taxThe Mumbai unit of Directorate General of Central Excise Intelligence has detected over 464 cases involving the evasion of excise duty and ...
- 30k officers of central excise, customs to go on 3-day strike
About 30k officers of Central Excise and Customs will observe a 3-day strike begining March 29, protesting against the working conditions.
Crackdown for non compliance with Central excise on Coal miners in Northeast IndiaCentral excise has launched massive crackdown on coal miners from Meghalaya for allegedly evading payment of central excise duties.
- Central excise, srvc tax evasion of Rs 5k cr detected in FY'11
Tax sleuths unearthed central excise and service tax evasion amounting to over Rs 5,500 crore in the 2010-11 financial year.