Excise Duty news

CBEC renamed as Central Board of Indirect Taxes & Customs (CBIC)

FM approves the re-organisation of the field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST); CBEC is being renamed as the Central Board of Indirect Taxes & Customs (CBIC), after getting legislative approval...

Read More
Posted Under: Excise Duty | ,

CBEC Partner Connectivity Protocol

CBEC Partner Connectivity Protocol – Solution for CBEC field formations managed by Custodians (under the HCCAR, 2009) requiring IT infrastructure and connectivity with CBEC Data Centre...

Read More
Posted Under: Excise Duty |

Indirect Tax Collections up to February, 2017 show Growth of 22.2%

The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to February 2017 show that net revenue collections are at Rs 7.72 lakh crore, which is 22.2% more than the net collections for the corresponding period last year. ...

Read More
Posted Under: Excise Duty |

Taxes on Petrol / Diesel & CNG and neighboring Countries

Compressed Natural Gas (CNG) attracts a concessional rate of 5% Basic Customs Duty (BCD) and 14% Basic Excise Duty (BED). The comparison of Retail Selling Price of Petrol and Diesel, as on 01.03.2017, with neighbouring countries is as under:-...

Read More
Posted Under: Excise Duty |

CBI Arrests Superintendent of Central Excise in an alleged bribery case

CBI has arrested a Superintendent of Central Excise, Anti-Evasion, Hyderabad-II Commissionerate, Kendriya Shulk Bhavan, Basheerbagh, Hyderabad and a private person in an alleged bribery of Rs. four lakh....

Read More
Posted Under: Excise Duty |

CBI Arrests three Central Excise Officials in a bribery case

The Central Bureau of Investigation has arrested two Superintendents and an Inspector, all of Central Excise, Audit Department(Govt. of India), Murthal, District- Sonepat (Haryana) while demanding & accepting bribe of Rs.Three lakh from the complainant....

Read More
Posted Under: Excise Duty |

Indirect tax collections upto January 2017 shows positive growth

During January 2017, the net indirect tax grew at the rate of 9% compared to corresponding month last year. The growth rate in net collection for Customs, Central Excise and Service Tax was 10.1%, 26.3% and 9.4% respectively during the month of January 2017, compared to the corresponding month last year....

Read More
Posted Under: Excise Duty |

Details of detection / recovery in Excise and Service Tax evasion cases

The total number of detection and recovery made in respect of Central Excise and Service Tax evasion cases during 2013-14 to 2016-17 (upto October, 2016) is given in the ANNEXURE....

Read More
Posted Under: Excise Duty |

GST Migration for Punjab VAT dealers to start from 16.12.2016

1. As you are aware that Goods and Services Tax (GST) is likely to be implemented with effect from April 1, 2017. 2. For the smooth transition from VAT regime to GST regime, GST migration process has been started by the State of Punjab....

Read More
Posted Under: Excise Duty |

No excise till 31.03.2017 on POS devices used for cashless transaction

Point of Sale (POS) devices are used for cashless transactions, both for making payments or disbursing cash. POS do not attract any basic customs duty. ...

Read More
Posted Under: Excise Duty |
Page 1 of 3112345...102030...Last »

Browse All Categories

CA, CS, CMA (3,305)
Company Law (3,196)
Custom Duty (6,362)
DGFT (3,312)
Excise Duty (3,977)
Fema / RBI (3,108)
Finance (3,274)
Income Tax (24,134)
SEBI (2,642)
Service Tax (3,246)

Featured Posts

Search Posts by Date

March 2017
M T W T F S S
« Feb    
 12345
6789101112
13141516171819
20212223242526
2728293031