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Vijay Mallya meets CBEC chief to get accounts de-freezed

Debt-ridden Kingfisher Airlines’ promoter Vijay Mallya today called on CBEC chairman SK Goel and sought de-freezing of the carrier’s bank accounts, a senior Finance Ministry official said. Last week, the Central Board of Excise and Customs (CBEC) had frozen 10 accounts of Kingfisher Airlines for allegedly defaulting on service tax it ...

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Posted Under: Excise Duty |

Indirect tax collection rises 16.8 percent during the first eight months of the current fiscal

Indirect tax collections rose 16.8% during the first eight months of the current fiscal to Rs 2,52,544 crore, prompting the Central Board of Excise and Customs (CBEC) to express "optimism" in achieving the revised Budget estimate target.However, Central Excise collections dropped by 6.5% to Rs 11,761 crore in November, mainly on account o...

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Posted Under: Excise Duty |

Govt hopes to achieve indirect tax collection target of over 4 lakh crore for 2011-12

The government on Monday said it is confident of achieving indirect tax collection target of over 4 lakh crore for the current fiscal despite the slowdown in industrial activities. Chairman Central Board of Excise and Customs (CBEC) S K Goel told reporters on the sidelines of a meet in New Delhi that 7.5 per cent GDP growth should take ca...

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Posted Under: Excise Duty |

JM Shanti Sundharam becomes Fourth Lady member of CBEC in Six member board

The President has appointed JM Shanti Sundharam as the new Member of CBEC in the vacancy arising on the retirement of Rajesh Dhingra yesterday. Now the CBEC will have four lady Members out of the total of six Members. It is possible that soon we may have an all women Board. ...

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Posted Under: Excise Duty |

CBEC invites Comments/suggestions on ‘Draft Adjudication Manual’

Adjudication of offences under the Central Excises Act, 1944, or the Customs act 1962 or the Finance Act, 1994 (Service Tax) are important functions of the officers of the Central Excise, Customs and Service Tax competent to adjudge offences. It seeks to ensure that no economic loss is caused by the alleged contravention by the imposition...

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Posted Under: Service Tax |

CBI Arrests Central Excise Inspector in Bribery Case

Central Bureau of Investigation has caught red handed an Inspector of Central Excise, Range-III, Division-I, Ankleshwar for demanding and accepting a bribe of Rs.5000/- from the complainant. It was alleged in the complaint that the complainant had supplied some goods to a Company on 24.10.2011 and had to provide the intimation to Central...

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Posted Under: Excise Duty |

CBEC Chairman's Message to officers and staff

The challenges that lie before indirect tax administration and the work that is required to be done in this department are so enormous that it requires the united efforts of all members of the department of all ranks and at all places. There is no magic wand to achieve this. Each one of us has something unique, distinct in our personality...

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Posted Under: Excise Duty |

Press release regarding Vigilance Awareness Week (31st October to 5th November, 2011) organized by CBEC

As a part of the Vigilance Awareness Week being observed from 31st October to 5th November, 2011, the Central Board of Excise and Customs (CBEC) organized an interaction with officers and staff, at Rajendra Bhawan Auditorium, Deen Dayal Upadhyay Marg, New Delhi on 4.11.2011. This was presided over by Shri. S.K.Goel, Chairman, CBEC, who ad...

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Posted Under: Excise Duty |

CBEC issues press-note regarding appointment of new Chairman-CBEC

Shri S. K. Goel joined Indian Revenue Service (Customs & Central Excise) in the year 1975. He has handled various assignments in the Department of Revenue under the Ministry of Finance all over the country. Prior to this appointment as Chairman, he has been working as Member (Customs) in CBEC, responsible for formulation of policy conce...

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Posted Under: Excise Duty |

CBEC Observes Vigilance Awareness Week

The contribution of the CBEC towards nation-building, especially as the revenue collecting arm of the government should be appreciated in the correct perspective. He underlined the virtues of courage and commitment in the due discharge of the duties performed by all members of the organisation. He also underscored that the senior officers...

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Posted Under: Excise Duty |