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Gutka ban cuts excise revenue of Ahmedabad zone

Ban on Gutka in September 2012 and shifting of Tata Nano's excise account being an LTU (Large Taxpayer Unit) to Mumbai has resulted in shortfall of approximately Rs 500 crore in excise duty for Excise II commissionerate of Ahmedabad zone in the last two years.After the Gutka ban in 2012-13, Excise II was forced to halve its targets of revenue in 2013-14. In 2013-14, Excise II collected excise duty...
Source : Times Of India |
Category : City | City : Ahmedabad

Fin Min detects over Rs 1800 cr excise duty evasion in 2013-14

ncreased efforts in checking revenue leakage have resulted in detection of over Rs 1,800 crore (Rs 18 billion) central excise duty evasion across the country during 2013-14.As many as 379 cases of central excise duty evasion were registered by the Directorate General of Central Excise Intelligence (DGCEI) during the last fiscal.These cases involved central excise duty evasion of Rs 1,879.69 crore (Rs...
Source : Rediff |
Category : Business

Finance Ministry detects over Rs 1800 crore excise duty evasion in 2013-14

many as 379 cases of central excise duty evasion were registered by the Directorate General of Central Excise Intelligence during the last fiscal.NEW DELHI: Increased efforts in checking revenue leakage have resulted in detection of over Rs 1,800 crore(DGCEI) during the last fiscal. These cases involved central excise duty evasion of Rs 1,879.69 crore,Various private entities were evading the central...
Source : The Economic Times |
Category : Business

Government to redo 2011 Karnataka Public Service Commission selections

state cabinet on Friday accepted the CID report recommending revaluation and re-interviews of candidates selected by theThe report had recommended criminal proceedings against former KPSC chairman Gonal Bheemappa and members Mangala Sridhar and secretary Sundar.The cabinet decided to follow the UPSC model, where interviews are conducted by experts from different fields instead of KPSC members.said...
Source : Times Of India |
Category : City | City : Bangalore

Government to redo 2011 Karnataka Public Service Commission selections

state cabinet on Friday accepted the CID report recommending revaluation and re-interviews of candidates selected by the Karnataka Public Service Commission (KPSC) for the 2011 batch of gazetted probationers.The report had recommended criminal proceedings against former KPSC chairman Gonal Bheemappa and members Mangala Sridhar and secretary Sundar.The cabinet decided to follow the UPSC model, where...
Source : Times Of India |
Category : City | City : Bangalore

Baba Ramdev's firms evaded excise duty worth over Rs 20 crore

Central Excise sleuths raided the firms of yoga guru Ramdev and claimed to have detected evasion of excise duty of over Rs 20 crore.The Excise officials raided the firms of Ramdev in Uttarakhand yesterday and found that they were not paying excise duty on a number of cosmetic products being manufactured by them, Deputy Commissioner (Central Excise) RP Singh said today. Though the total liability of...
Source : DNA |
Category : Others | City : Mumbai

Ramdev`s firms evaded excise duty worth over Rs 20 cr

Dehradun: Central Excise sleuths raided the firms of yoga guru Ramdev and claimed to have detected evasion of excise duty of over Rs 20 crore.The Excise officials raided the firms of Ramdev in Uttarakhand yesterday and found that they were not paying excise duty on a number of cosmetic products being manufactured by them, Deputy Commissioner (Central Excise) RP Singh said today.Though the total liability...
Source : Zeenews |
Category : National | City : Dehradun

Check out: Cars and bikes getting cheaper after duty cut

list of the announcements that have come from various auto companies and a look at how cheap their bikes and cars are expected to get, as a result of the excise duty.n the interim budget on Monday, Finance Minister P Chidambaram on Monday cut excise duty across various types of two and four wheelers that ranged from 3 to 6 percent.Battling the worst slowdown in a decade, the auto industry welcomed...
Source : Moneycontrol |
Category : Business

AP awaits its appellate tribunal for customs, excise and service tax in Hyderabad

awaits its appellate tribunal for customs, excise and service tax in Hyderabadbases in India, Andhra Pradesh does not have a bench of Appellate Tribunal for Customs, Excise and Service Tax. As a result, the department is bogged down with huge number of pending cases to the tune of 4000-5000 with the figure rising constantly. As such, all these cases pertaining to indirect taxes involving appeals against...
Source : Times Of India |
Category : City | City : Kolkata

Liquor seized in MP villages

Made Foreign Liquor worth Rs 11 lakh has been seized from two villages by Excise officials, Excise Department sources said. Following a tip-off, Magan Sahus dwelling was raided in Mausahaniyan village and yielded 42 boxes yesterday. Later, a search at Magan Kushwahs farm in Katra village resulted in appropriation of 270 chests. Ravi and Maneesh were arrested in this connection. UNI XC-AC PR S...
Source : Webindia123 |
Category : Headlines