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AD VALOREM TAX
Supreme Court of India seeks replies on 28% IGST plea on phone batteriesThe Supreme Court is examining a customs department appeal. It seeks higher taxes on imported lithium-ion batteries for mobile phones. Manu...
GST rate cut: What's in store for 36 lakh ITC shareholders? Jefferies analysts decodeITC shares have delivered no returns in two years amid GST, BAT stake sale, and Marlboro concerns. Jefferies expects revenue-neutral GST ch...
Govt specifies retail sale price based GST cess rate for pan masala, tobaccoPan masala, containing tobacco gutkha, now has a cess rate of 0.61 times the RSP, while the rate for smoking mixtures for pipes and cigaret...
Roll back some fuel taxes to feed growthThe way forward clearly is to broad-base and modernise taxation in general, and include petro-fuels and power in the goods and services tax...
Government considering specific excise duty on ATFConcessional rate of 2 per cent is applicable for ATF sold under Regional Connectivity Scheme. Ad valorem rate means that the impact of an ...
Petrol price cut: Arun Jaitley questions commitment of Rahul Gandhi, his alliesIn a Facebook post titled 'The oil prices and the hypocrisy of the opposition', Jaitley accused the government critics of doing a 'volte fa...
The good, the not-so-good and the ugly in govt’s oil tax cutBJP hopes fuel price cut will make voters less angsty. A five rupee cut can indeed have a perceptional impact.
Government measures will have limited impact if crude prices continue to rise and rupee weakens further : Care RatingsIn its announcement earlier in the day, the finance ministry has cut the excise duty on petrol and diesel by Rs 2.50 a litre.
Safeguard duty could jeopardize growth of solar power in India: TERIThe finance ministry on Monday recommended imposition of 25% safeguard duty on solar panels for one year.
Consultations underway on revision of royalty rates on coalThe royalty rates on coal and lignite were last revised in 2012 and the next revision can take place only with effect from May next year, a...
CPI(M) opposes excise duty hike on petrol, dieselThe party also sought a review of the tax structure on petroleum products and removal of ad valorem tax on them.
Government forms panel to study revision of royalty rates on coalThe govt has constituted a panel to consider revision of rates of royalty of coal which is at the present 14% ad-valorem on price of the fo...
- CCEA to consider new royalty regime for coal, lignite
The Cabinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow a new royalty regime for coal and lignite.
- Budget 2012: Removal of import duty on thermal coal a positive step for steel industry, says Vishal Agarwal, Visa Steel
The government's move to remove import duty on thermal coal will benefit the domestic steel industry, said Vishal Agarwal, managing directo...
- Value-based excise duty to replace flat levy in shift to GST
The government could replace the flat rupee-denominated excise levy on some manufactured goods with the usual percentage-based system, or a...
- Specific duty stabiliser for oil
States, which have earned a whopping Rs 65,000 crore as tax revenues from the oil sector in 2007-08 thanks to the high oil prices, may now ...
- Oil ministry seen shielding cos from ad valorem duty
The oil ministry seems to have launched a nationwide campaign against ad valorem duty structure on fuel to save oil companies and consumers...
- Taxes in oil sector a travesty of reform
To go beyond is as wrong as to fall short, admonished Confucius in the distant past. The need for balance and poise is surely all the more ...
- Tame fuel prices: Par panel raps govt
Major reforms in taxation on petrol products, abolition of ad valorem on excise duty mooted.
- Budget to amend excise regime for petro products
Budget '03-04 is likely to introduce specific excise duties for the petroleum sector for the first time, in place of the ad valorem duties ...