Customs Excise Duty
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Budget 2019: Centre To Earn Rs 25,000 Crore From Customs, Excise Duties Hike
The government will earn a net Rs 25,000 crore from the increase in customs and excise duty on a host of products, including cigarettes, while the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.
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Congress Says Price Hike Of Cooking Gas Cylinders Is "Fuel Loot"
The Congress today dubbed the latest hike in the price of domestic natural gas as "fuel loot" and demanded that the Centre rolls back the excise and custom duties to give relief to the masses.
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Anti-Dumping Duty Imposed On Import Of Bus/Truck Tyres From China
The decision, based on the recommendations of the DGAD, will impose Anti-Dumping Duty in the range of $245.35 - $452.33 per tonne on the import of a certain type of tyres in the heavy vehicle segment.
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GST Impact On Real Estate: Will Property Prices Come Down?
As the country switches to GST from July 1, the new indirect tax regime will subsume nearly a dozen of central and state taxes, including excise duty, value-added tax (VAT) and service tax.
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GST To Subsume Sales Tax, VAT, Service Tax, And Much More. Details Here
GST is a single tax to promote trade and industry, replacing multiple levies from the manufacturer to supplier to customer, the Central Board of Excise and Customs said.
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Duty-Free Liquor Sale Racket Busted, 2 Customs Officials Held
A racket involving officials of the Customs, Central Excise as well as the city-based Rajiv Gandhi International Airport, who allegedly sold duty-free liquor outside the airport in Hyderabad, was busted today with the arrest of two Customs officials.
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Tax Collection Up After Notes Ban, Says Arun Jaitley
Giving a breakdown of central indirect tax collection, Mr Jaitley said the excise duty collection went up by 43.5 per cent, service tax by 25.7 per cent and customs duties by 5.6 per cent.
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Limits For Arrest, Prosecution Of Alleged Excise Duty Violators Hiked
Arrest and prosecution of alleged excise tax violators can only be resorted to if the amount of penalty or tax evaded is equal to or more than Rs 2 crores.
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Government Revises Excise Duty Evasion Limit To Warrant Arrest
The government has doubled the limit of excise duty evasion for arrest and prosecution of accused to Rs 2 crore and also asked officials not to resort to penal provision in cases of technical nature.
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Supreme Court Stays High Court Order On Probe Agencies' Power To Arrest
In a relief to agencies dealing with customs, excise and sevice tax evasions, the Supreme Court today stayed the operation of a Delhi High Court order restraining these from arresting the offenders tilladjudication on evasion of duty concluded.
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Customs Clearances To Become Paperless From 2017
Imports will become easier from next year as the Central Board of Excise and Customs (CBEC) is planning to go paperless and move towards a completely integrated customs system for facilitating documentation and fast-tracking clearances of consignments.
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Indirect Tax Collections Jump 42% In April
Excise collections soared 70.7 per cent to Rs 28,252 crore in April as compared to Rs 16,546 crore a year ago.
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Certain Goods to Attract 15% Duty On India Return After 1-Year Foreign Stay
Indians returning home after a year-long foreign stay will have to pay a 15 per cent duty on bringing colour televisions, home theatre systems and bullion other than ornaments into the country.
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Government Restores Customs Duty Exemption on 3 Drugs
Government had recently withdrawn duty exemptions on 74 drugs.
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Customs Duty Exemption Withdrawn on 74 Drugs, Prices to Rise
As many as 74 drugs, including life-saving ones used for treating cancer and HIV, will see a sharp rise in prices as the government has withdrawn customs duty exemption on their imports.
-
Budget 2019: Centre To Earn Rs 25,000 Crore From Customs, Excise Duties Hike
The government will earn a net Rs 25,000 crore from the increase in customs and excise duty on a host of products, including cigarettes, while the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.
-
Congress Says Price Hike Of Cooking Gas Cylinders Is "Fuel Loot"
The Congress today dubbed the latest hike in the price of domestic natural gas as "fuel loot" and demanded that the Centre rolls back the excise and custom duties to give relief to the masses.
-
Anti-Dumping Duty Imposed On Import Of Bus/Truck Tyres From China
The decision, based on the recommendations of the DGAD, will impose Anti-Dumping Duty in the range of $245.35 - $452.33 per tonne on the import of a certain type of tyres in the heavy vehicle segment.
-
GST Impact On Real Estate: Will Property Prices Come Down?
As the country switches to GST from July 1, the new indirect tax regime will subsume nearly a dozen of central and state taxes, including excise duty, value-added tax (VAT) and service tax.
-
GST To Subsume Sales Tax, VAT, Service Tax, And Much More. Details Here
GST is a single tax to promote trade and industry, replacing multiple levies from the manufacturer to supplier to customer, the Central Board of Excise and Customs said.
-
Duty-Free Liquor Sale Racket Busted, 2 Customs Officials Held
A racket involving officials of the Customs, Central Excise as well as the city-based Rajiv Gandhi International Airport, who allegedly sold duty-free liquor outside the airport in Hyderabad, was busted today with the arrest of two Customs officials.
-
Tax Collection Up After Notes Ban, Says Arun Jaitley
Giving a breakdown of central indirect tax collection, Mr Jaitley said the excise duty collection went up by 43.5 per cent, service tax by 25.7 per cent and customs duties by 5.6 per cent.
-
Limits For Arrest, Prosecution Of Alleged Excise Duty Violators Hiked
Arrest and prosecution of alleged excise tax violators can only be resorted to if the amount of penalty or tax evaded is equal to or more than Rs 2 crores.
-
Government Revises Excise Duty Evasion Limit To Warrant Arrest
The government has doubled the limit of excise duty evasion for arrest and prosecution of accused to Rs 2 crore and also asked officials not to resort to penal provision in cases of technical nature.
-
Supreme Court Stays High Court Order On Probe Agencies' Power To Arrest
In a relief to agencies dealing with customs, excise and sevice tax evasions, the Supreme Court today stayed the operation of a Delhi High Court order restraining these from arresting the offenders tilladjudication on evasion of duty concluded.
-
Customs Clearances To Become Paperless From 2017
Imports will become easier from next year as the Central Board of Excise and Customs (CBEC) is planning to go paperless and move towards a completely integrated customs system for facilitating documentation and fast-tracking clearances of consignments.
-
Indirect Tax Collections Jump 42% In April
Excise collections soared 70.7 per cent to Rs 28,252 crore in April as compared to Rs 16,546 crore a year ago.
-
Certain Goods to Attract 15% Duty On India Return After 1-Year Foreign Stay
Indians returning home after a year-long foreign stay will have to pay a 15 per cent duty on bringing colour televisions, home theatre systems and bullion other than ornaments into the country.
-
Government Restores Customs Duty Exemption on 3 Drugs
Government had recently withdrawn duty exemptions on 74 drugs.
-
Customs Duty Exemption Withdrawn on 74 Drugs, Prices to Rise
As many as 74 drugs, including life-saving ones used for treating cancer and HIV, will see a sharp rise in prices as the government has withdrawn customs duty exemption on their imports.
