Aug 18, 2014 at 09:45 | Source: Moneycontrol.com
Arora Fibres had made a provision of Rs 30,246,000 for payment of Excise Duty during the year 2011-2012. This was necessitated by retrospective amendment in the union budget 2012. The Finance Act 2014 as passed by the Parliament has done away with this retrospective amendment providing relief for the Company.
Aug 16, 2014 at 15:17 | Source: PTI
Jaitley was speaking at a BJP forum meeting here, his second engagement in the nation's financial capital after becoming the finance minister.
Aug 06, 2014 at 14:29 | Source: Moneycontrol.com
Auto sales in India rose for the second straight month, suggesting that a recovery may have begun to take hold in the sector after a two-year slump. After declining for nine months, demand started picking up in June as lower excise duties and new product launches helped spur demand, says Ventura.
Aug 06, 2014 at 12:55 | Source: CNBC-TV18
After witnessing a decline for nine months, the auto sector saw a pick up in demand in June on the back of lower excise duties and new product launches.
Aug 06, 2014 at 12:30 | Source: Moneycontrol.com
Citi maintains sell rating on the stock due to increasing competitive intensity. It reasons that excise duty impact at Haridwar, higher freight expenses due to elevated diesel prices and slightly higher ad spending and royalty on new models dented Q1 earnings.
Aug 02, 2014 at 16:22 | Source: PTI
Godfrey Phillips, however, said that the government's decision to increase excise duty in the range between 11 to 72 per cent "may have bearing on the financial performance of the company in the remaining part of the year"
Jul 18, 2014 at 19:35 | Source: PTI
Indirect tax collections comprising excise, customs and service tax stood at about Rs 1.13 lakh crore in the first quarter of 2014-15 fiscal, as against Rs 1.08 lakh crore in the corresponding period a year ago, a finance ministry official said.
Jul 11, 2014 at 14:33 | Source: Moneycontrol.com
Sajjan Bhajanka of CenturyPly gives their take on Arun Jaitelys maiden Union Budget and their outlook on the road ahead for the Modi government.
Jul 11, 2014 at 13:50 | Source: Moneycontrol.com
Macquarie maintains an outperform rating with a target price of Rs 421 as it expects ITC to hike prices at 16 percent average to offset the additional duty burden and improve profitability. It estimates cigarette volumes to decline 4 percent in FY15E and thereby cuts FY15E and FY16E EPS estimates by 4-5 percent.
Jul 11, 2014 at 12:16 | Source: CNBC-TV18
Cigarette volumes may witness a de-growth of 4-5 percent in FY15, says Sanjay Manyal of ICICI Direct.