excise and customs

GST bill can be passed in current fiscal: Chidambaram


August 28th, 2012 - 9:21 pm ICT by IANS
New Delhi, Aug 28 (IANS) The constitution amendment bill to introduce the Goods and Services Tax (GST) regime could be passed by parliament by the end of the current financial ... Read more...

Posted in Business |

Breaking the glass ceiling in India’s tax administration


August 6th, 2012 - 4:40 pm ICT by IANS
New Delhi, Aug 6 (IANS) Taxman may not be a proper term to use any more, given the gender of the current chairs of the direct and indirect tax administrations: ... Read more...

Posted in Business |

No service tax on foreign remittances: Government


July 10th, 2012 - 7:44 pm ICT by IANS
New Delhi, July 10 (IANS) The government said Tuesday remittances sent from overseas will not be liable for service tax charge, putting to rest the confusion that had arisen ... Read more...

Posted in Business |

Government detects Rs.13,620 crore tax evasion


April 10th, 2012 - 9:10 pm ICT by IANS
New Delhi, April 10 (IANS) The tax authorities detected evasion of Rs.13,620 crore in excise and service taxes in the first 11 months of fiscal 2011-12, the finance ministry said ... Read more...

Posted in Business |

‘Kingfisher Airlines asked to pay Rs.60 crore service tax’


April 4th, 2012 - 4:42 pm ICT by IANS
New Delhi, April 4 (IANS) Cash-strapped Kingfisher Airlines has been asked to pay Rs.60 crore which it owes as service tax, a senior fianance ministry official said Wednesday.According to S.K. ... Read more...

Posted in Business |

India, UAE sign deal on customs cooperation


April 1st, 2012 - 8:57 pm ICT by IANS
Abu Dhabi, April 1 (IANS/WAM) India and the United Arab Emirates (UAE) have signed an agreement on cooperation and mutual assistance in customs matters.The agreement was signed between visiting Indian ... Read more...

Posted in World |

Bengal minister urges Pranab to reconsider gold duty hike


March 24th, 2012 - 7:28 pm ICT by IANS
Kolkata, March 24 (IANS) West Bengal Industry Minister Partha Chatterjee Satuday urged union Finance Minister Pranab Mukherjee to reconsider the budget proposal of increasing basic customs duty on standard ... Read more...

Posted in Politics |

Excise, customs duties on large, foreign-made vehicles hiked (Lead)


March 16th, 2012 - 8:18 pm ICT by IANS
New Delhi, March 16 (IANS) Sedan and foreign-made luxury cars will cost more from April 1, 2012 as Finance Minister Pranab Mukherjee Friday proposed to raise excise and customs ... Read more...

Posted in Business |

Union budget reflects policy paralysis, is anti people: Jayalaltihaa


March 16th, 2012 - 7:14 pm ICT by IANS
Chennai, March 16 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Friday criticised the union budget 2012-13 as anti-people and demonstrating "the continued policy paralysis gripping the central government".Reacting to ... Read more...

Posted in Politics |

Excise, customs duties on large, foreign-made vehicles hiked


March 16th, 2012 - 6:29 pm ICT by IANS
New Delhi, March 16 (IANS) Sedan and foreign-made luxury cars will cost more from April 1, 2012 as Finance Minister Pranab Mukherjee Friday proposed to raise excise and customs ... Read more...

Posted in Business |

Mukherjee puts money in one pocket, takes out from others (Roundup)


March 16th, 2012 - 4:54 pm ICT by IANS
New Delhi, March 16 (IANS) Every tax payer in India is set to gain at least Rs.2,000 per annum, thanks to the relief proposed by Finance Minister Pranab Mukherjee. ... Read more...

Posted in Business |

Government hopes to meet indirect tax collection target


February 8th, 2012 - 9:18 pm ICT by IANS
New Delhi, Feb 8 (IANS) The government Wednesday said it hopes to collect Rs.392,908 crore as indirect taxes for the fiscal ending March 31, as the mop-up in the fist ... Read more...

Posted in Business |

India raises base import price of gold, silver


February 1st, 2012 - 4:52 pm ICT by IANS
New Delhi, Feb 1 (IANS) India has raised the base import price of gold by 5.7 percent to $556 per 10 grams and that of silver by 12 percent to ... Read more...

Posted in Uncategorized |

Four Nigerians held for cheating


February 1st, 2012 - 12:39 am ICT by IANS
New Delhi, Jan 31 (IANS) Four Nigerians have been arrested for cheating by using official logos of the union finance ministry, the Airports Authority of India and the International Cricket ... Read more...

Posted in Uncategorized |

Made in India, faked in China — $5-bn loss


January 1st, 2012 - 4:18 pm ICT by IANS
New Delhi, Jan 1 (IANS) Chinese manufacturers are increasingly "faking" popular Indian products of consumer goods giants such as Dabur and ITC, undermining the legitimacy of brands and causing losses ... Read more...

Posted in Business |

Indian IT major automating Ethiopian customs system


December 30th, 2011 - 12:45 pm ICT by IANS
Addis Ababa, Dec 30 (IANS) An Indian IT major is assisting the Ethiopian Revenues and Customs Authority (ERCA) transform its valuation methodology to a transaction cost system from a minimum ... Read more...

Posted in Business |

New civil aviation policy in five months time: Official


December 14th, 2011 - 6:19 pm ICT by IANS
New Delhi, Dec 14 (IANS) The government is working on a new civil aviation policy which will promote investments and setting up of the required infrastructure for the sector, a ... Read more...

Posted in Business |

Indirect tax collection rises 17 percent


December 9th, 2011 - 9:49 pm ICT by IANS
New Delhi, Dec 9 (IANS) Indirect tax collection increased 16.8 percent to Rs.2,52,544 crore in the first eight months of the current financial year, Central Board of Excise and Customs ... Read more...

Posted in Business |

India slashes tax incentives for exporters


September 16th, 2011 - 8:07 pm ICT by IANS
New Delhi, Sep 16 (IANS) Tax incentives for exporters will be lowered from Oct 1 as the government said Friday it will do away with the popular tax refund scheme, ... Read more...

Posted in Business |

India’s tax departments go green


August 16th, 2011 - 8:17 pm ICT by IANS
New Delhi, Aug 16 (IANS) India's excise and customs department has adopted an "environment strategy" under which it aims to eliminate paper documentation, promote web-based external and internal communication ... Read more...

Posted in Business |

Excise official hints at delay in new tax regime


June 28th, 2011 - 10:26 pm ICT by IANS
Kolkata, June 28 (IANS) Citing constitutional amendments and other legislative procedures, Central Board of Excise and Customs (CBEC) Chairman S.D. Majumder Tuesday said the government's plan to roll out the ... Read more...

Posted in Business |

India to aid Ethiopia in implementing customs valuation system


June 16th, 2011 - 8:46 pm ICT by IANS
Addis Ababa, June 16 (IANS) India will provide technical assistance to Ethiopia on implementation of a WTO compliant customs valuation system in the east African country, where weaknesses in tax ... Read more...

Posted in Business |

Extra efforts needed to achieve tax targets: Pranab


June 8th, 2011 - 6:05 pm ICT by IANS
New Delhi, June 8 (IANS) Sustained and strategic efforts are needed to achieve the challenging targets of tax collection during the current financial year, Finance Minister Pranab Mukherjee said ... Read more...

Posted in Uncategorized |

CBI raids premises of Nagpur customs officials


April 19th, 2011 - 9:11 pm ICT by IANS
Mumbai, April 19 (IANS) The Central Bureau of Investigation (CBI) Tuesday conducted searches at the residences and offices of five Central Excise and Customs officials of Nagpur, an official said.Searches ... Read more...

Posted in Uncategorized |

India suspends food imports from Japan


April 5th, 2011 - 10:14 pm ICT by IANS
New Delhi, April 5 (IANS) India Tuesday suspended food imports from Japan for three months or until concerns remain in the wake of radiation hazards arising from the Fukushima nuclear ... Read more...

Posted in Health |

India to revamp economic intelligence agency


April 5th, 2011 - 10:09 pm ICT by IANS
New Delhi, April 5 (IANS) Amid increasing cases of tax evasion, frauds and corruption, India Tuesday announced it would revamp its nodal economic intelligence agency.President Pratibha Patil has sanctioned ... Read more...

Posted in Business |

India halts food import from Japan


April 5th, 2011 - 9:20 pm ICT by IANS
New Delhi, April 5 (IANS) The central government Tuesday suspended import of food articles from Japan for three months due to radiation threats from a nuclear power plant crippled in ... Read more...

Posted in Business |

Trophy presented to Indian team not a replica: ICC (Lead)


April 4th, 2011 - 6:37 pm ICT by IANS
Mumbai, April 4 (IANS) The International Cricket Council (ICC) said Monday that the World Cup trophy presented to India after Saturday night's final at the Wankhede Stadium here was not ... Read more...

Posted in Uncategorized |

Some exemptions to continue in GST system


March 7th, 2011 - 6:52 pm ICT by IANS
New Delhi, March 7 (IANS) The central government is willing to continue with some exemptions and threshold limits to ensure early implementation of the proposed goods and services tax ... Read more...

Posted in Business |

Welfare oriented budget will help build economy’s capacity: Prof. Agarwal


February 28th, 2011 - 9:41 pm ICT by ANI
New Delhi, Feb 28 (ANI): Professor J.D. Agarwal, noted economist and Chairman, Indian Institute of Finance, reacting to the Union Budget 2011 presented by Finance Minister Pranab Mukherjee, said It is ... Read more...

Posted in National |

Budget: What may become cheaper, what could be dearer


February 28th, 2011 - 7:02 pm ICT by IANS
New Delhi, Feb 28 (IANS) A look at what items can become cheaper and what could become dearer on account of the budget proposals on excise and customs presented by Finance ... Read more...

Posted in Business |

Rahat freed, but asked to stay in India pending probe (Intro Night Lead)


February 14th, 2011 - 11:54 pm ICT by IANS
New Delhi, Feb 14 (IANS) A day after Pakistani singer Rahat Fateh Ali Khan was detained at the Delhi airport on charges of carrying undisclosed foreign currency of over $100,000, he ... Read more...

Posted in South Asia |

International Customs Day celebrated in Delhi


January 27th, 2011 - 6:56 pm ICT by ANI
New Delhi, Jan.27 (ANI): Indian Customs celebrated International Customs Day on Thursday at function held here.S. Dutt Majumder, Chairman of the Central Board of Excise and Customs, was the chief guest.Trade organizations ... Read more...

Posted in National |

Tax targets revised upwards: Pranab


January 23rd, 2011 - 10:56 pm ICT by IANS
Chennai, Jan 23 (IANS) The government has decided to increase the targets for direct and indirect tax collections for this financial year (2010-11), Finance Minister Pranab Mukherjee said Sunday.Speaking at the ... Read more...

Posted in Business |

Harbhajan to get notice for evading service tax


December 29th, 2010 - 6:58 pm ICT by IANS
Ludhiana (Punjab), Dec 29 (IANS) India off-spinner Harbhajan Singh has been caught on a wrong foot for not paying service tax on his income, here Wednesday.According to the officials of central ... Read more...

Posted in Sports |

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