A number of private firms that were issued licences for opening vends in Delhi, under the excise policy 2021-22, were accused of wrongdoing by the probe agencies CBI and ED.
Andhra Pradesh High Court, Bombay High Court, Punjab and Haryana High Court and now the Bangalore bench of the CESTAT have called it arbitrary, unreasonable and illegal.
The excise department is mulling to appoint cost accountants for calculation of cost data for the auto sector. The development has left the auto industry worried, reports CNBC-TV18‘s Ronojoy Banerjee quoting sources.