Jul 14, 2016 at 20:18 | Source: PTI
The government's decision to exemptsmall scale jewellers from excise duty will give a boost tothe trade, the gems and jewellery industry said today.
Jul 14, 2016 at 08:12 | Source: PTI
Accepting of recommendations of a panel, the Finance Ministry today said no excise audit will be carried out, for the first two years, for units whose duty payment is less than Rs 1 crore (that is turnover of manufactured goods less than Rs 100 crore).
Jul 14, 2016 at 07:54 | Source: PTI
They claimed that due to new import rules this fiscal, funds to the tune of Rs 15,000 crore of mobile companies have been blocked and manufacturing in the country has become very complex.
Jul 14, 2016 at 07:39 | Source: Reuters
Jewellers in the world's second biggest gold consumer went on strike for six weeks after the government imposed 1 percent excise duty on gold jewellery from March onwards.
Jul 13, 2016 at 10:07 | Source: Moneycontrol.com
The package may include reduction in excise duty, labour law relaxations and skill training for the sector. The ministry has already given a presentation to the Finance Ministry about the benefits.
Jul 11, 2016 at 16:20 | Source: PTI
The move follows after travellers complained that the limit to purchase duty free goods was less and needed to be revised. They had cited instructions issued late last year by Reserve Bank of India (RBI) that permitted export from and import into India of Indian currency up to an amount not exceeding Rs 25,000.
Jul 09, 2016 at 13:16 | Source: PTI
The industry also demanded that the dairy sector should be kept outside the ambit of goods and services tax (GST) bill, which is not yet passed in Parliament.
Jun 21, 2016 at 10:36 | Source: Moneycontrol.com
Nomura also expects that ITC's pricing strategy may boost volumes in FY17. It says that ITC has only increased prices by 13 percent at the premium end of its portfolio translating into a weighted average price hike of 7.6 percent the lowest in four years due to excise duty hikes.
Jun 16, 2016 at 15:32 | Source: PTI
Noting that the Centre in "different installments" since 2014 had increased the excise duty on petrol and diesel by Rs 11.77 and Rs 13.57, respectively, she said the benefit of dip in crude prices was not properly passed on to customers.
Jun 09, 2016 at 22:24 | Source: CNBC-TV18
The compact sedan segment was once the blue-eyed boy of the auto sector. Marked with lower excise duty, sub-4-metre sedans such as Maruti Suzuki Dzire and Honda Amaze met the aspirations of consumers who wanted an affordable sedan.