The Centre hopes to rake in Rs 2.73 lakh crore from petroleum, oil and lubricants (POL) this year, the Central Board of Excise and Customs ...

To ensure only eligible credit is carried forward in the GST regime, the CBEC has asked field offices to match the credit claimed with clos...

Arrest and prosecution of a person henceforth can be resorted only if the offence relating to evasion of central excise duty or misuse of C...

Records maintained for state VAT and other private records, showing details of inputs, stocks, manufactured goods, sold/exported goods will...

In 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...

However, the above does not apply to importers or exporters desirous of filing Bill of Entry or shipping Bill individually.

Revenue Department today said service tax will not be levied on sub-brokers providing services to member of a commodity exchange during Sep...

Latest circular enables CBEC officials to initiate recovery if appeal petition not disposed within a month.

With the new service tax regime coming into effect from July 1, the government expects to collect a revenue of Rs 1.24 trillion this fiscal.

Central Board of Excise and Customs (CBEC) said it will issue bio-metric cards to custom house agents to check frauds and misuse of service...

Belying concerns over slowdown, indirect tax collections increased 16.1 per cent to Rs 2,85,787 crore during April-December.

This is being done in view of the fact that assessees are facing problems in electronic filing of returns.

The govt is set to crack down on nearly nine lakh service providers, constituting almost 60% of those registered with the tax department, f...

The upper limit on what one can carry or bring back from abroad has often landed flyers in the customs net.

Waiver conditional to payment of excise on retail price if software is manufactured or imported.

The decision will benefit hundreds of companies such as motorcycle manufacturer Hero Honda and consumer products makers Hindustan Unilever ...

Picking up a medicine not meant for sale in India for self use would also invite trouble.