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CENTRAL EXCISE DUTY
HSBC expects RBI to raise repo rate by 50 bps in FY27 amid strong growth, inflation pressuresIndia's GDP growth in the second quarter of FY26 surpassed the Reserve Bank of India's forecast of 7 percent. The growth prompted forecasts...28 Sep, 2026, 01.43 PM IST- CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 crHyderabad CGST Zone busted a clandestine pan masala and tobacco manufacturing unit. Officials detected approximately Rs 160 crore in duty a...22 Aug, 2026, 01.03 PM IST
- DGGI officers bust clandestine pan masala, tobacco manufacturing network; detect tax evasion of Rs 185 croreDGGI officers busted a pan masala and tobacco manufacturing network in Uttar Pradesh. They seized twenty-seven undeclared pouch-packing mac...21 Aug, 2026, 04.03 PM IST
- Fiscally fit: The counterintuitive move that helped India tame inflationIndia's inflation between 2010 and 2016 offers a lesson in fiscal discipline. Persistent deficits eroded confidence, leading to high inflat...18 Aug, 2026, 11.10 PM IST
- India's 'BBB-' rating unchanged: Fitch cites energy shocks, fiscal weakness, but praises growthFitch Ratings kept India's sovereign credit rating at BBB- with a stable outlook. Robust growth and solid external finances balance fiscal ...12 Aug, 2026, 12.38 AM IST
- Government approves introduction of one billion polymer banknotes of Rs 10 and 20The government has approved polymer banknotes for field trials and regular issuance. Inflation has declined steadily, though recent pressur...11 Aug, 2026, 02.29 PM IST
- Government revises excise duty evasion limit to warrant arrestArrest and prosecution of a person henceforth can be resorted only if the offence relating to evasion of central excise duty or misuse of C...11 Oct, 2016, 12.36 PM IST
- Finance Ministry detects over Rs 1800 crore excise duty evasion in 2013-14As many as 379 cases of central excise duty evasion were registered by the Directorate General of Central Excise Intelligence during the la...17 Apr, 2014, 03.42 PM IST
- Omar Abdullah to write to FM over central excise duty to J&K IndustriesOmar said he would write to FM Chidambaram over the extension of central excise duty to industrialists in the state.22 Nov, 2013, 08.56 PM IST
- Rs 1.27 lakh crore indirect tax revenue stuck in litigationsA staggering Rs 1.27 lakh crore revenue as central excise and service tax remained unrealised due to appeals and litigations pending before...08 Sep, 2013, 12.44 PM IST
- Finance Ministry detects tax evasion of over Rs 4,500 croreOut of the total Rs 4,744.92 cr of indirect tax evasion detected during Apr and December last year, officials made a recovery of Rs 531 cro...09 Jun, 2013, 02.10 PM IST
- DGCEI detects Rs 2540 crore evasion of Central excise, service taxThe Mumbai unit of Directorate General of Central Excise Intelligence has detected over 464 cases involving the evasion of excise duty and ...01 Apr, 2013, 08.23 PM IST
- Crackdown for non compliance with Central excise on Coal miners in Northeast IndiaCentral excise has launched massive crackdown on coal miners from Meghalaya for allegedly evading payment of central excise duties.06 Mar, 2013, 09.53 PM IST
- Budget 2013: OPPI seeks customs duty exemption to life saving drugsOPPI justified its argument by stating that it is imperative that critical life saving drugs be made available to the patients at reduced p...07 Feb, 2013, 03.51 PM IST
- Tax sleuths crack down on cigarette makers for duty evasionBesides, the officials have also seized cigarettes worth Rs 48 lakh during the raids.18 Jan, 2013, 06.42 PM IST
- Rs 19k cr service tax, central excise duty frauds in 2008-11: CAGCAG today said that there over 10,300 cases of fraud involving over Rs 19,159 crore in service tax and central excise duty during 2008-11.30 Mar, 2012, 09.08 PM IST
- IIA seeks exemption of helmets from levy of Central Excise Dutyeyond Central Excise Duty applicable @ 10.3%, the item is also subjected to VAT @ 12.5% in many states.04 Feb, 2011, 12.54 PM IST
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