Apr 17, 2015 at 13:37 | Source: Moneycontrol.com
IG Petrochemicals has informed that the Case for valuation of Domestic Tariff Area (DTA) sales pending before the Supreme Court has been decided in the Company's favour. This absolves the Company of the contingent liabilities related to Excise and Customs duties to the extent of Rs 128.75 crore.
Apr 17, 2015 at 09:41 | Source: PTI
The import tariff value is the base price at which customs duty is determined to prevent under-invoicing. It is revised on a fortnightly basis taking into account global prices
Apr 05, 2015 at 10:23 | Source: PTI
A demand of over Rs 570 crore has been raised against confectionery giant Cadbury India Ltd for allegedly evading excise duty by fraudulently taking exemption for one of its 'ghost' production units in Himachal Pradesh.
Mar 26, 2015 at 22:25 | Source: CNBC-TV18
The leather footwear industry in Chennai seems all set to take some big strides. With the Budget reducing excise duty on leather shoes, manufacturers who were catering primarily to export markets, are now gearing up to take advantage of the big local opportunity. Jude Sannith gets us this report from Tamil Nadu's leather hub, Ranipet.
Mar 18, 2015 at 16:53 | Source: PTI
The tax foregone - customs duty and central excise duty including rebate - under the SEZ scheme was Rs 10,440 crore in 2013-14.
Mar 15, 2015 at 16:01 | Source: PTI
According to industry, the govt must reduce the central excise duty on man-made fibre from 12 percent to 6 percent on par with cotton and also remove the 5 percent import duty and 4 percent special additional duty.
Mar 14, 2015 at 13:12 | Source: PTI
Govt cuts import tariff on gold andDuring the first fortnight of the month, the tariff value on imported gold was fixed at USD 393 per 10 grams and on silver at USD 549 per kg. The import tariff value is the base price at which customs duty is determined to prevent under-invoicing. silver
Mar 09, 2015 at 17:06 | Source: PTI
Of the total 1,75,000 mw proposed to be tapped by 2022, solar power will have a lion's share of 1,00,000 mw followed by 60,000 mw from wind energy, 10,000 mw biomass energy and 5,000 mw of small hydro projects.
Mar 05, 2015 at 16:35 | Source: PTI
Elaborating further, he said increase in service tax from the next financial year, the restoration of normal tax rates on automobile sector and increase in excise duty of petrol and diesel from November last year would help the government in garnering more revenue.
Mar 05, 2015 at 12:00 | Source: SME Mentor
To help our SMEs and exporter community read the fine print of the Budget, we recently conducted a live chat with Mr. Ajay Sahai, Director General & CEO, Federation of Indian Export Organizations (FIEO).