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Finance Minister to Inaugurate Two Day Annual Conference of Chief Commissioners / Director Generals of Customs, Central Excise and Service Tax on Monday, 24th August, 2014; Conference to Focus on Emerging Areas such as Taxpayers Services, Ease of Doing Business, Make in India and Goods and Services Tax Among Others; Dr. Arvind Panagariya,...

Indirect Tax Revenue (Provisional) collections have increased from Rs 40,802 crore in July-2014 to Rs. 56,739 crore during July - 2015. Thus an increase of 39.1% has been registered during July-2015 over the corresponding period in the previous year. This is an achievement of 32.6 % of the target fixed for BE 2015-16....

Chennai Zonal Unit of the Directorate General of Central Excise Intelligence Conducts Investigation under Summons Against 16 Insurance Companies Engaged in Providing Motor-Vehicle Insurance Policies, for Wrongly Availing Cenvat Credit to the Tune of Rs. 1200-2500 Crore on the Bogus Invoices of the Car Dealers....

A Division Bench of Allahabad High Court on 31-7-2015 directed the CESTAT to ensure that the circuit bench of the CESTAT shall function at Allahabad atleast 7 days in a month till a regular Bench is established. ...

As part of the Government’s initiative to facilitate trade, Central Board of Excise and Customs has been taking several steps towards ease of doing business. One such recent initiative has been to encourage the trade to replace paper documents required by law to be preserved with electronic documents and to use digitally signed invoices...

NATIONAL CONFERENCE ON SERVICE TAX: NEGATIVE LIST, DECLARED SERVICES, EXEMPTION AND SERVICE TAX RULES, 1994 – ISSUES AND WAY FORWARD With the Government paving the way for Finance Act, 2015, the rate of Service Tax has been hiked from 12.36% to 14% w.e.f. 1st June 2015. The Government is also proposing to impose another two per [&helli...

Indirect Tax Revenue (Provisional) Collections Increase From Rs. 36,408 Crore in May 2014 to Rs. 49,993 Crore During May 2015 An Increase of 37.3 % Registered During the Month of May 2015 over the Corresponding Period in the Previous Year; Central Excise Collections Registered an Increase of 84.2%; Customs Collections Registered an Increa...

Central Board of Excise and Customs has issued circular no. 1023/11/2016-CX dated 08/04/2016 to simplify the procedure of dealing with audit objections raised in indirect taxes by the office of CAG. The circular rescinds all the past Circulars and instructions and prescribes a new simplified and consolidated procedure....

The Central Bureau of Investigation has arrested an Inspector of Central Excise, Roorkee (Uttrakhand) for demanding and accepting a bribe of Rs. 3500/- from the Complainant. ...

All Central Excise registrants, except Government Departments, not having PAN based registration number shall file an amendment and obtain a PAN based registration on or before 31/05/2015. (refer notification no.7/2015 CE(NT) dated 1/3/2015 )....