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CUSTOMS AND CENTRAL EXCISE
Fueling Demand: Inside India’s ethanol mobility revolution in reverseIndia is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehic...- CAIT seeks further GST simplification, says monthly collections have risen sevenfold since rolloutTraders' body CAIT seeks simpler GST rules. Tax collections have surged since 2017, but ground-level compliance remains difficult. More sim...
- 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...
- RBI unlikely to hike rates soon despite inflation risk, rate action only in Dec if needed: Icra's Aditi NayarThe Reserve Bank of India is expected to hold off on interest rate hikes. Inflation risks are rising due to fuel prices and monsoon uncerta...
- Limited price raise shows how much of global hit govt has absorbed: GoyalPiyush Goyal stated the government absorbed global oil price hikes by cutting excise duty. He highlighted significant fertiliser subsidies ...
- Direct vs indirect taxes: Key differences and how they impact taxpayers and prices in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 9...
- CBIC sets up interim boards for settling customs and excise disputes after CECSC abolitionThe CBIC has established four interim boards in Delhi, Chennai, Mumbai, and Kolkata to handle pending customs and excise disputes following...
- Government to strengthen agency under GST to check tax evasionThe CBEC will itself be rechristened as the Central Board of Indirect Taxes and Customs (CBIC) and will supervise GST and Customs activitie...
- 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...
- Fuel in tanks of Indian aircraft exempt from customs dutyAlso, the rate of duty of customs or Central Excise leviable on such fuel should be same at the time of the arrivals and departures of such...
- CBEC to withdraw 15-year old cases of Rs 5 lakh excise evasionIn 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...
- No officer to hold sensitive posts beyond 3 years: Central Board of Customs and ExciseNo officer should remain posted on sensitive posts for more than three years to ensure probity among the government servants, the Central B...
- CBI raids officials of Customs and Central Excise DepartmentThe CBI today registered three cases under the Prevention of Corruption Act against officials of the Customs and Central Excise department .
- No higher service tax on air tickets booked before April 1: CBECThe Revenue Department has said air travellers who had purchased their tickets before April 1, 2012 will not have to pay the higher service...
- CBEC to issue bio-metric cards to custom house agentsCentral Board of Excise and Customs (CBEC) said it will issue bio-metric cards to custom house agents to check frauds and misuse of service...
- Indirect tax collection up 16.1% to Rs 2.85 lakh cr in Apr-DecBelying concerns over slowdown, indirect tax collections increased 16.1 per cent to Rs 2,85,787 crore during April-December.
- CBEC extends last date of filing service tax returns to January 6This is being done in view of the fact that assessees are facing problems in electronic filing of returns.
- Nearly nine lakh service tax evaders under scannerThe govt is set to crack down on nearly nine lakh service providers, constituting almost 60% of those registered with the tax department, f...
- 'Time to revise limit on duty-free personal stuff'The upper limit on what one can carry or bring back from abroad has often landed flyers in the customs net.
- Service tax exemption on retail sale of packaged computer softwareWaiver conditional to payment of excise on retail price if software is manufactured or imported.
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