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BUDGET DRAWBACKS
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...24 Aug, 2024, 08.01 PM IST- 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...01 Sep, 2021, 09.46 AM IST
- 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...18 Nov, 2019, 08.42 PM IST
- 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...25 Jan, 2018, 11.40 PM IST
- 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...02 Feb, 2017, 11.21 AM IST
- 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.29 Feb, 2016, 02.27 PM IST
- 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.04 Mar, 2013, 05.11 PM IST
- 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...28 Feb, 2013, 09.39 AM IST
- Soon, e-refund of taxes for services exportersA drawback scheme would allow the government to fix an annual rate, as is the case for merchandise exports.21 Feb, 2013, 04.01 AM IST
- Government to offer one-year transitional duty drawback scheme to replace DEPBThe government is likely to offer a lucrative one-year stop-gap duty reimbursement scheme, replacing a popular tax break for exporters that...01 Sep, 2011, 02.16 AM IST
- 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.22 Aug, 2011, 02.59 AM IST
- Finance ministry plans to align tax refund rates with duty structureThe 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...13 Sep, 2010, 02.59 AM IST
- Exporters may tax credit at higher, older ratesExporters may continue to get credit for taxes paid on inputs at the current rates despite a reduction in excise and service tax rates earl...14 Nov, 2009, 02.55 AM IST
- MoF panel to review cut in duty drawbackDuty drawback rates for some sectors are up for review. The finance ministry has reconstituted the drawback committee to examine the rates ...08 Nov, 2008, 12.55 AM IST
- Govt sets up committee to review duty drawback ratesFaced with outcry of exporters for relief from the rupee rise, the government has set up a high-level committee to review the duty drawback...23 Mar, 2008, 10.42 AM IST
- Duty drawback rates likely to fallThe decision of state governments to exempt exports from value-added tax (VAT) has prepared the ground for an across-the-board cut in duty ...10 Mar, 2003, 02.29 AM IST
- Govt to issue fresh guidelines for brand ratesNEW DELHI: The government will issue fresh guidelines for brand rates, including permitting self certification, when it unveils the 'All In...04 Apr, 2002, 03.50 PM IST
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