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CUSTOMS AND EXCISE
'Ease non-tariff curbs to ensure alcohol enters the market freely'"The spirit of the free trade agreement is twofold-tariffs and regulations that ensure businesses operate a bit more freely," Ian Duddy, th...- Government cuts duty drawback rates on gold, silver jewellery exportsThe government has announced a reduction in duty drawback rates for gold and silver jewellery exports. The rates for gold jewellery have de...
- Delhi dry days today & tomorrow: No alcohol on October 9-10 amid ECI protests; here's what residents need to knowDelhi Dry Days October 9–10: Delhi has declared dry days on October 9 and 10, with liquor shops ordered to remain closed amid the “prevaili...
- Industrial alcohol is the GST Council's unfinished federal business: States won the legal fight, but the 18% GST still appliesThe GST Council is set to meet regarding the regulation of industrial alcohol, which has been contested between the government and states. ...
- ICICI Bank receives Rs 229 crore GST demand over minimum balance servicesICICI Bank has received a show cause notice from GST authorities regarding a ₹229.14 crore demand. This demand pertains to services provide...
- Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
- Fiscal path hinges on direct taxes as customs, excise revenues face pressure: ReportIndia's fiscal trajectory will increasingly depend on the strength of direct tax collections due to lower customs duties. Indirect tax reve...
- 13 killed, dozens injured in suicide attack in northwest PakistanAt least 13 people were killed in a suicide bombing targeting a police checkpost in Dera Ismail Khan. The attack involved a tractor-trolley...
- ET Prime Special Series: Multibagger or IBC - Part 75: Delisting, merger, demerger: Long restructuring story of one auto ancillaryLast week's auto-ancillary story dealt with another major participant in the same broad industry. This week's business is dramatically narr...
- 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...
- 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...
- Finance Ministry detects about Rs 1,000 cr customs, excise duty evasionThe Finance Ministry has detected customs and excise duty evasion of at least Rs 1,000 crore between January and July.
- CBI searches house of former CBEC, customs officialsThe former CBEC member has not yet been named in the case registered by the agency but the investigations are still going.
- Pranab Mukherjee confident of meeting indirect tax collection targetFinance Minister Pranab Mukherjee today exuded confidence that they will be able to meet indirect tax collection target of Rs 5.05 lakh cro...
- 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...
- Excise duty, service tax evasion of over Rs 13,600 crore detectedRevenue department detected central excise and service tax evasion of over Rs 13,620 crore in the 11-month period till February of 2011-12 ...
- 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.
- Decline in customs, excise pulls down October indirect tax mop upThe indirect tax collections during October declined by 2.5% mainly on account of drop in realisation from customs and central excise.
- '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.
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