During a media interaction on the sidelines of the Maritime Environment Protection Committee's (MEPC) 80th session here, Lim said that the committee had already adopted a decision regarding the financial levy last week.
Currently, the levy is Rs 5,000 per departure and the amount will further go up to Rs 15,000 from April 1 next year.
India‘s internet companies are raising their voice against the equalization levy also termed 'Google tax' that was imposed in last budget even as the finance minister is expected to widen the tax net for such a levy
Flyers will soon have to shell out more for air travel with the government's decision to levy up to Rs 8,500 per flight on major routes to fund its regional connectivity scheme that seeks to make flying more affordable for the masses.
The levy amount would be for an entire flight and the price of each ticket could go up depending on the number of seats in that particular flight.
As per the BEPS action plan, OECD has recommended to impose a final withholding tax on certain payments for digital goods or services provided by a foreign e-commerce provider or imposition of a equalisation levy on consideration for certain digital transactions.
The Information and Broadcasting Ministry has revised the annual levy of fees payable to the Press Council of India (PCI) by registered newspapers and periodicals and news agencies.
Reliance Industries has said it is being punished twice over -- first by levy of a USD 1.78 billion penalty and then by being denied a gas price revision, for a single crime of not producing in line with projections that were not even contractual commitments.
In an interview to CNBC-Tv18. Vivek Saraogi, MD of Balrampur Chini said that even at this price oil companies will make money and since the price is higher than what companies were getting last year, it is a win-win situation for both parties.
M Manickam, MD, Sakthi Sugars, say that he expects action on levy removal and release mechanism in next 15 days. A reform in cane pricing is a key, but it is unlikely in the near term.
Smokers miss an average of two or three more days of work each year than non-smokers, with this absenteeism costing the UK alone 1.4 billion pounds - or USD 2.25 million - last year, according to a UK study.
Indian Oil has said that fuel tax levies within states have been tweaked. The company said that they will implement revised 'state specific cost' to cover irrecoverable taxes, reports Siddharth Zarabi of CNBC-TV18.