NEW DELHI: The small scale pharmaceutical industry has sought Prime Minister Manmohan Singh’s help to remove anomalies created by maximum retail price (MRP)-based excise duty system for medicines.The system puts small units at a disadvantage by squeezing their margins as compared to big pharmaceutical companies based in excise-free zone...
The government is likely to revise downwards indirect tax collections target for the current financial year by at least Rs 20,000 crore (Rs 200 billion), because of cut in industrial production due to the global economic slowdown and duty sops....
This facility enables the assessee view its details (name, address, location code) as present in the Assessee Master provided by CBEC. Details of assessee codes allotted for service tax and excise can be viewed using this facility....
