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BUDGET DRAWBACKS
Pick your own health cover: How custom plans work and their hidden downsidesA health plan consists of a base plan and riders or add-ons. Earlier, the base plan comprised fixed features that could not be changed, and...
Why Some DIYers Are Putting Chalk in Their Toolboxes and Swearing by ItRust is a common problem for home mechanics. Many are now using plain chalk to absorb moisture and protect their tools. Chalk's porous natu...
Redmi A7 Pro 5G price in India: Check features, highlights and what the smartphone offers under Rs 12,000Redmi A7 Pro 5G: Xiaomi introduces the Redmi A7 Pro 5G in India, priced from ₹11,499. This new budget smartphone boasts a smooth 120Hz disp...
Govt cuts drawback rates on exports of gold, silver jewelleryThe drawback rates on gold and silver jewellery exports were notably reduced by the government. Gold jewellery rates dropped to Rs 335.5 pe...
How to claim refunds more efficiently under the Duty Drawback SchemeThe key benefit of the scheme is that it gives rebates on Customs and Central Excise chargeable on any imported or excisable materials used...
Govt raises duty drawback rates for gold, silver jewellery exportsThe drawback rates have been raised to Rs 372.9 per gram for gold jewellery from Rs 272 per gram, according to a notification of the financ...
Duty drawback rates increased for 102 products in bid to boost exportsThe benefit in form of higher duty drawback on 102 items is expected to boost exports and also ease the liquidity crunch faced by exporters...
Has Arun Jaitley's Budget left you richer or poorer? Read and find outFor the aam aadmi, the Budget document's economic jargon can be intimidating. We break it down here to help you understand where exactly yo...
Budget 2016: Government to take measures to support export sector says Arun JaitleyIndia’s exports in January fell 13.6% from a year earlier to $21.07 billion – declining for the 14th consecutive month.
Failure to pay excise, service tax may lead to arrest: Finance Bill 2013As per the provisions, offences relating to excise and customs duty evasion of over Rs 50 lakh would be made cognisable and non-bailable.
Budget 2013: FICCI recommends an increase in drawback rateFICCI has proposed an increase in existing drawback rate and bring at par with the levels of Duty Entitlement Pass Book (DEPB) Scheme rates...
- Soon, e-refund of taxes for services exporters
A drawback scheme would allow the government to fix an annual rate, as is the case for merchandise exports.
- Government to offer one-year transitional duty drawback scheme to replace DEPB
The government is likely to offer a lucrative one-year stop-gap duty reimbursement scheme, replacing a popular tax break for exporters that...
- Finance Ministry to launch a new scheme to refund service tax on goods exported
"Draft scheme is ready and will be launched after getting inputs from the industry," said a finance ministry official.
- Finance ministry plans to align tax refund rates with duty structure
The finance ministry plans to cut tax refund rates for exporters by up to a quarter as it looks to unwind the remaining fiscal stimulus mea...
- Exporters may tax credit at higher, older rates
Exporters may continue to get credit for taxes paid on inputs at the current rates despite a reduction in excise and service tax rates earl...
- MoF panel to review cut in duty drawback
Duty drawback rates for some sectors are up for review. The finance ministry has reconstituted the drawback committee to examine the rates ...
- Govt sets up committee to review duty drawback rates
Faced with outcry of exporters for relief from the rupee rise, the government has set up a high-level committee to review the duty drawback...
- Duty drawback rates likely to fall
The decision of state governments to exempt exports from value-added tax (VAT) has prepared the ground for an across-the-board cut in duty ...
- Govt to issue fresh guidelines for brand rates
NEW DELHI: The government will issue fresh guidelines for brand rates, including permitting self certification, when it unveils the 'All In...