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EVASION OF DUTY
Vanguard slashes Ola value; War chokes PCB supplyAmerican investor Vanguard has sharply cut the fair value of Ola's parent company. This and more in today's ETtech Top 5.
Ladakh's new excise policy eases restrictions on liquor saleLadakh's new Excise Policy permits hard liquor sales, reduces license documents from 16 to six, and expands availability to four more distr...
Higher gold import duty may boost gold loan demand, says Nirmal JainIncreased import duties on gold, while potentially impacting jewellery demand, present new opportunities for the gold loan industry. Higher...
Centre rolls out transparency, safety and other state laws for Chandigarh; check what's newChandigarh's legal framework is set for a major upgrade. The Centre has extended five state laws to the Union Territory. These reforms aim ...
South Korea Air Force apologises for 2021 fighter jet mid-air collision during training flightSouth Korea's air force has apologized for a 2021 mid-air collision involving two fighter jets. Auditors revealed pilots were taking selfie...
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...
Protest erupts in Nepal against taxation on imports above 100 rupees from IndiaProtests have erupted in Birgunj, Nepal, against a new government directive taxing all imports from India exceeding NRS 100. This strict en...
Six solar firms face DRI probe for 'evasion of duty'The probe is in connection with underpayment of customs and wrong declaration in the import of solar cells and solar modules from China bet...
GST intelligence unit detected over Rs 1.98 lakh crore worth tax evasion cases in 2023"DGGI has achieved an increase in detection of cases of evasion and voluntary payments. In 2023, DGGI detected 6,323 cases involving evasio...
Samsung deposits ₹300 crore with DRI in alleged duty evasion caseSamsung Electronics has paid ₹300 crore as customs duty to Directorate of Revenue Intelligence (DRI) following an investigation by the agen...
Customs authorities to monitor imports under FTAs to curb duty evasionCustoms authorities would be closely watching imports of these products coming from countries with which India has FTAs, from September 21,...
Directorate of Revenue Intelligence issues notice to Vodafone for alleged duty evasionDRI has issued a show-cause cum demand notice to telecom major Vodafone and its two subsidiaries for allegedly evading anti-dumping duty of...
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.
- Tax sleuths crack down on cigarette makers for duty evasion
Besides, the officials have also seized cigarettes worth Rs 48 lakh during the raids.
Tax department probing Rs 200 crore excise duty evasion by CadburyThe government on Thursday said the tax department is investigating alleged excise duty evasion to the tune of Rs 200 crore by confectioner...
- Sterlite evaded duty in export of copper waste: Customs
Customs department on Saturday charged Sterlite Industries with evasion of duty to the tune of several crores in export of copper waste.
- HP evaded Rs 1450cr duty: DRI
The Bangalore zonal unit of the Directorate of Revenue Intelligence has unearthed the biggest customs duty evasion by any company in India,...
- Plant capacity, not output, may face excise duty
Excise duty norms may soon change for some sectors that are prone to tax evasions. Some of these sectors include iron and steel, paper, til...
- Excise Dept cracks down on duty evaders
The total duty evasion in these cases is about Rs 10 crore, CBEC spokesperson said on Friday.
- Duty evasion charge on corporates
The Directorate of Revenue Intelligence (DRI) has booked cases against Jet Airways and Air Sahara.