Central Excise

The disputed amount for 1.83 lakh cases was Rs 3.6 lakh crore in September 2019, thus the amount involved in still-unresolved disputes is a staggering Rs 2.9 lakh crore.

CBI arrests ex-ED officer in Rs 50 lakh bribery case

N B Singh, who was posted in the Lucknow office of the ED demanded a bribe of Rs 50 lakh, along with middleman Subhash .

GST registrations for ecommerce, new cos to begin on June 25  

"If you are left out, you will get another opportunity because the law says anybody who is registered under taxes which are subsumed under GST if they have a valid PAN then they will be given a valid registration," said GSTN Chairman Navin Kumar said.

How has the GST been structured?

The Goods and Services Tax (GST) regime has came a step closer to meet its July 1, 2017 target of rollout, with the Lok Sabha approving four supplementary legislations. The Central GST Bill, 2017; The &#82

Govt may rework indirect tax maths mid-way after GST entry

Perhaps in a first, the government may have to recalibrate its budgetary tax collection estimate half-way after the goods and services tax (GST) comes into effect from July.

Govt removes excise duty on POS machine manufacturing

Government today removed excise duty on goods for manufacturing of POS (Point of Sale) machines that are in great demand as merchants are being compelled to use them in the wake of currency crisis.

Mumbai sees 26% rise in Central Excise collection till Oct

Central Excise mop-up from Mumbai zone jumped 26 per cent to Rs 35,503 crore during the first seven months of this fiscal, a senior official said.

Indirect tax mop-up rises 27.5% to Rs 3.36 lakh cr till August

The collection till August 2016 show that 43.2 percent of the annual budget target of indirect taxes, which includes Central Excise, Service Tax and Customs, has been achieved.

Fuel in tanks of Indian aircrafts exempt from customs duty

As per a notification of 1994, fuel in the tank of an aircraft of Indian Airlines or Indian Air Force is exempt from customs and additional duty "when imported into India".

CAG asks CBEC to beef up monitoring mechanism

"Monitoring mechanism to watch non/late-filers should be strengthened in view of determination of service tax payments through self-assessment," the CAG report, which was tabled in Parliament, said today.

Indirect Tax Ombudsmen to incite taxpayers to flag problems

Taxpayers can approach the ITOM if they have complaints of deficiency in the working of Customs, Central Excise and Service Tax Departments on account of non-adherence to the prescribed working hours and procedural delays in refunds, rebate, drawback and other such matters.

There will not be expenditure cut this year: Jaitley

Indirect tax collections have registered an increase of almost 36 percent in the first seven months of the current fiscal at Rs 3.83 lakh crore on the back of a spurt in economic activity.

Taxmen want to simplify procedures to improve ease of biz

Chief commissioners of central excise at a two-day conference, which concluded today, made a case for further simplification of taxation procedures with a view to improve ease of doing business in the country

Govt pulls off 50% of annual indirect tax target in 6 mnths

The indirect taxes, central excise, Customs and service tax collection during April-September of the last financial year was Rs 2.38 lakh crore.

Early closure of service tax disputes: Reality or farce

Concept of oral SCN envisaged in the Circular does not seem to work much in favour of the tax payer. Clause regarding conclusion of proceedings, on settlement of dispute, in a way adds credibility to the government‘s new initiative to settle tax disputes. The same is also likely to encourage statutory compliance by the tax payer.

Indirect tax revenue surges 37% to Rs 2.1 lk cr in Apr-Jul

The indirect tax collections were at Rs 1.53 lakh crore during the similar period of the previous fiscal, a finance ministry statement said on Tuesday.

Property attachment orders issued over unpaid taxes

The Central Excise department here has issued property attachment orders in respect of 40 cases with a view to recovering service tax arrears to the tune of over Rs 50 crore.

Budget 2013: 'Refrain', 'Tolerate', 'Act'

By: Yash Arya, Haribhakti & Co.

No service tax from CAG: CBEC; reverses earlier stand

In a U-turn, the Central Excise has reversed its stand on levying service tax on the Comptroller and Auditor General saying it does not come under the business support service ambit.

Central Excise: The Engine of Economic Growth

Central Excise was instrumental in giving strength to the aspirations of an independent India...the much needed monetary support came in the form of excise duties.

Cement prices may go up by Rs 5 per bag

Cement may become dearer by Rs 5 per 50 kg bag in view of the Budget proposal today to raise excise duty to 12% from 10% earlier. "The hike in excise duty will push up the sales cost by Rs 5 per bag.

Budget 2012: Govt proposes hike excise duty on cement to 12%

Cement prices are likely to go up after the government's proposed hike in excise duty on the building material from 10% to 12%.

Union Budget 2012: Budget increases AC, first class train fares further

Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget today bringing journeys in them under the ambit of service tax.

Budget 2012-13: Union Budgets under the current government

India's annual budget on Friday fell short of market hopes for tougher fiscal tightening measures. The government, facing political turmoil, fended off pressure to produce an even more populist plan, yet stopped short of offering meaningful economic reforms that might have cheered investors.

Budget 2012: Negative impact of Budget unlikely on rating, says S&P

Rating agency Standard & Poor's does not foresee any immediate negative implication on India's sovereign rating after the government outlined a high fiscal deficit target in the budget for the next fiscal year, said Takahira Ogawa, director of sovereign & IPF ratings.