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CENTRAL EXCISE BILL
Strong consumption keeps growth steady amid Iran war cost concernsIndia's economy shows steady growth driven by domestic demand. The West Asia conflict presents challenges like higher oil prices. The gover...- RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya BanerjeeThe Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance shee...
- Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cashOil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barre...
- Congress calls fuel hikes "silent tax on households", accuses govt of "corporate protection racket"Fuel prices have risen for the fourth time in ten days. Congress leaders condemn these increases as a silent tax on Indian households. They...
- Parliament approves Central Excise (Amendment) Bill, 2025 to levy excise duty on tobaccoParliament has approved a new bill. This legislation will allow for higher excise duty on tobacco products. This change will take effect on...
- Lok Sabha passes Central Excise (Amendment) Bill ahead of GST cess phaseout on ‘sin goods’New laws are set to tax tobacco and pan masala products. These bills replace the GST compensation cess. Excise duty will be levied on tobac...
- Central Excise (Amendment) Bill, 2025: Govt tables bill for new levies on cigarettes, pan masala and gutkhaFM Sitharaman introduces Health Security National Cess Bill 2025 to replace GST compensation cess on tobacco products, including cigarettes...
- Parliament Winter Session agenda: Sin-goods taxation, atomic bill on table as Oppn gears up for showdown over SIRParliament's Winter Session begins December 1st amidst opposition demands for a Special Intensive Revision of electoral rolls discussion. T...
- Duty evasion up to Rs 1 crore may not lead to jail termIndia proposes to decriminalise provisions in the central excise law, aiming to remove imprisonment for minor duty evasions and reduce pena...
- Central Excise Bill may be introduced in budget sessionThe Centre is set to introduce the Central Excise Bill, 2024 to replace the outdated Central Excise Act, 1944 and align excise law with GST...
- Lok Sabha passes Bill to give immediate effect to customs, excise duty proposals in BudgetWhile the changes in rates of income and corporate taxes, incorporated in the Budget announced on February 1, are effective from April 1 or...
- CBEC to be renamed CBIC by AprilThe official said since the CBR Act provides for constitution of separate boards of revenue for direct taxes and excise and customs, the na...
- With GST in play, CBEC gets name change to CBICThe change of name, for which provision is made in the Finance Bill, comes about as a consequence of GST subsuming indirect taxes.
- Arun Jaitley introduces bill to amend customs, excise acts in Lok SabhaThe amendment seeks to include 'warehouse' in the definition of customs area to ensure that an importer is not asked to pay IGST at the tim...
- Central Excise books tax evasion cases of over Rs 25 croreCentral Excise has booked cases against three entities for tax evasion of over Rs 25 crore for misusing cenvat credit facilities.
- Eating in AC restaurants to be costlier from May 1Bills at these restaurant will go up by three per cent, as the service tax of 10 per cent will be levied on 30 per cent of the billed amoun...
- Waste material trade set to attract excise dutyCompanies which sell residual material will now be liable to pay excise duty on it. The Finance Bill proposes to carry out an amendment in ...
- MoF lines up 12 bills for Winter roundOver a dozen bills have been lined up by the finance ministry for the winter session of Parliament.
- No immediate hike in excise rates: NarayanGOVERNMENT on Tuesday assured industry that there would no "immediate" hike in duties following the Cabinet approval to amend Central Excis...
- No immediate hike in excise rates: NarayanGOVERNMENT on Tuesday assured industry that there would no "immediate" hike in duties following the Cabinet approval to amend Central Excis...
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