First collection numbers show GST off to a smooth startIn July 2016, total customs collections amounted to Rs 16,625 crore, which on average yields Rs 5,360 crore for the 10 days, but that inclu...
Delhi on the brink of heart disease epidemic due to increased alcohol useAlcohol use has gone up from 16.1% to 25.6% among urban dwellers.
India unlikely to provide exemption from countervailing duty: Hasmukh Adhia“I don’t think that the government plans to provide such a subsidy. Duty differential was created to encourage Make in India," Adhia said.
CBEC not to pursue notices against ship-breakers for CVDThe bone of contention between the industry and the revenue department is whether ship breaking is a manufacturing activity and can excise ...
Cancer becomes number one killer of men in UKCancer has become the number one killer of men in the United Kingdom, overtaking Cardiovascular Disease (CVD) as the primary cause of death.
World Trade Organisation rules in India's favour in steel dispute with USThe US had imposed CVD up to 577 per cent on imports of hot rolled carbon steel flat products from Indian manufacturers such as Tata Steel.
Fruit intake reduces risk of heart diseaseDaily fruit consumption can cut the risk of overall death by 32 per cent and cardiovascular disease (CVD) by up to 40 per cent, according t...
Govt rejects Assocham's plea of exempting iron ore from BCDThe government has rejected industry body Assocham's plea of exempting iron ore from basic customs duty (BCD), which currently stands at 2....
- DRI detects duty evasion of Rs 600 crore on coal imports in Gujarat
As per DRI officials, tax recovery from all coal importers in the state has begun and over Rs 100 crore has been realised so far.
- Mobile phones, PCs to become cheaper
Earlier, 1% CVD was allowed on import of mobile phones only when cenvat credit was not claimed. Now, this condition has been removed.
- Another toast for tipplers on cards as US refuses to gulp India's SAD story
There is more good news in store for lovers of expensive wines and spirits.
- US wants India to quash 4% SAD on wines, spirits
The US has challenged the 4% special additional duty (SAD) imposed by India on all imported wines and spirits over and above the customs du...
- States drink to wine, spirit imports
States tax imported spirit and wines as licence fee, import privilege fee etc. They could squeeze more.
- Will wine and spirit imports enrich states?
WTO norms, over maintaining a CVD at the federal level that is higher than the lowest sub-federal level tax on these products, the Centre i...
- Service providers hit by 4% CVD on imports
The Budget 2007-08 has kept the countervailing duty (CVD) on imports in lieu of state Vat not Cenvatable against service tax liability.
- Power project machines may get CVD relief
Capital goods imports for coal- and gas-based power projects may become cheaper in Budget 2007 if the government accepts the recommendation...
- Telcos call for 5% duty cut on fixed wireless terminals
Basic telecom service providers have sought reduction of custom duties on fixed wireless terminals (FWT) to 5% from 10%. FWTs are used by b...