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AD VALOREM
Supreme Court of India seeks replies on 28% IGST plea on phone batteriesThe Supreme Court is examining a customs department appeal. It seeks higher taxes on imported lithium-ion batteries for mobile phones. Manu...- Government considering specific excise duty on ATFConcessional rate of 2 per cent is applicable for ATF sold under Regional Connectivity Scheme. Ad valorem rate means that the impact of an ...
- Petrol price cut: Arun Jaitley questions commitment of Rahul Gandhi, his alliesIn a Facebook post titled 'The oil prices and the hypocrisy of the opposition', Jaitley accused the government critics of doing a 'volte fa...
- Government measures will have limited impact if crude prices continue to rise and rupee weakens further : Care RatingsIn its announcement earlier in the day, the finance ministry has cut the excise duty on petrol and diesel by Rs 2.50 a litre.
- Safeguard duty could jeopardize growth of solar power in India: TERIThe finance ministry on Monday recommended imposition of 25% safeguard duty on solar panels for one year.
- Budget 2016: FM Arun Jaitley announces 20% cess on domestic crude oilIndustry has been lobbying to link the cess on oil to an ad valorem rate and was expecting it to be in the range of 8-10%
- Oil Ministry pitches for ad-valorem levy of oil cessWith oil prices dropping to an 11-year low of under $35 per barrel, the cess translates into one-third of the realisation going away in jus...
- Oil ministry agrees to switch to ad-valorem cess on oil productionThe oil ministry has agreed to the demand of oil producers to switch from a fixed cess on oil production to ad-valorem, which could help lo...
- Government forms panel to study revision of royalty rates on coalThe govt has constituted a panel to consider revision of rates of royalty of coal which is at the present 14% ad-valorem on price of the fo...
- Coal royalty based on ad valorem profitable for states:JaiswalCoal Ministersaid state govts should not have any problems on coal-royalty based on ad valorem, as their coffers grow automatically with in...
- Naveen reiterates his demand for fixation of royalty on iron ore on ad valorem basisOrissa chief minister Naveen Patnaik once again sought a level playing field from centre on royalty issue terming the procedure of fixing t...
- Budget brings mixed bag of proposals for cement cosWhile replacement of excise duty rates will have a negative impact, initiatives to stimulate rural growth and import duty cut on pet coke &...
- Union Budget 2011: 20 per cent ad valorem to make iron ore dearerAimed at discouraging iron ore exports, Finance Minister proposed to levy 20% ad valorem duty on all types of outbound shipment of the key ...
- Value-based excise duty to replace flat levy in shift to GSTThe government could replace the flat rupee-denominated excise levy on some manufactured goods with the usual percentage-based system, or a...
- Ad valorem to make ore royalty heavierThe government is close to finalising a new system of royalty payments for minerals which will double the revenue that states earn but incr...
- Govt rolls back export duty on flat steel productsGovernment on Friday rolled back the export duty on flat steel products and imposed a 15 per cent ad-valorem duty on overseas sales of iron...
- Oil ministry seen shielding cos from ad valorem dutyThe oil ministry seems to have launched a nationwide campaign against ad valorem duty structure on fuel to save oil companies and consumers...
- Power tariff may heat up with shift in coal royaltyPower tariffs are likely to go up further as the government is planning to revise royalty rates on coal, shifting it from the current speci...
- Orissa seeks ad valorem-based royalty on miningMineral-rich Orissa on Monday asked the Planning Commission to alter the calculation of royalty on mining from the present fixed rate basis...
- Ad valorem levy on CTV sales likely to hinder growthThe Consumer Electronics and TV Manufacturers’ Association (Cetma) has described the government’s plans to impose a levy of 10-15% ad valor...
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