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karnataka revenue excise 

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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

Petro products, cigarette major revenue earners

injurious to health, but it does not seem to have deterred smokers as it was a major revenue generator for the central excise andAddressing a function to mark the 70th foundation -cum- Central Excise Day at the auditorium of Central Revenue Building here on Monday, central excise and service tax department commissioner Shashank Priya elaborated on the genesis of the department and said the fundamentals...
Source : Times Of India |
Category : City | City : Ranchi

Kandapos;taka to introduce Online facility in Excise Dept.

government will introduce Online facility in Excise Department and moved Karnataka Excise (Amendment) Bill in the Legislative Assembly today. The Bill which was placed for discussion and passed by members in the House enables remitence of Licence Feez, Excise fees, additional Excise fees and any other fees through electronic remitence....
Source : Webindia123 |
Category : National

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

For high revenue, excise department wants tipplers to raise a toast

state excise department has taken up cudgels on behalf of tipplers, albeit in an effort to increase revenue. An official press note has warned wine shops not to disappoint tipplers by selling liquor at prices higher than the maximum retail price (MRP). The department believes the higher price discourages drinkers and hits excise revenue.The price of alcohol, especially country liquor, can become a...
Source : Times Of India |
Category : City | City : Nagpur

FM kicks smokers' butt, takes fizz out of colas

minister Arun Jaitley has targeted cigarettes to earn more revenue, proposing to increase the specific excise duty on cigarettes in the range of 11% to 72%.If you were thinking of kicking the butt, this might be the right time to do so. Finance minister, has targeted cigarettes to earn more revenue, proposing to increase the specific excise duty on cigarettes in the range of 11% to 72%. The maximum...
Source : Times Of India |
Category : Headlines

Customs, Excise & Service Tax Appellate Tribunal says it has no money to pay for postage

Customs, Excise & Service Tax Appellate Tribunal says it has no money to pay for postageA tribunal that decides on revenues worth crores of rupees doesn't have the money to pay for postageMUMBAI: A tribunal that decides on revenues worth crores of rupees doesn't have the money to pay for postage. The Mumbai office of the Customs, Excise andin a January 1 circular that "due to paucity of funds (the)...
Source : The Economic Times |
Category : Business

Telangana govt sells licences for 2,025 shops

Raising hopes of the Telangana government to earn higher revenue from liquor, the excise department allocated nearly all shops in the state through draw of lots on Monday.According to excise commissioner Ahmed Nadeem, 2,025 of the 2,216 outlets spread across 10 districts were allocated. The revenue yield from the allotments was Rs 934 crore, Rs 20 crore increase over last year's collections. The g...
Source : Times Of India |
Category : City | City : Hyderabad

indirect tax

staggering Rs 1.27 lakh crore revenue as central excise and service tax remained unrealised due to appeals and litigations pending before authorities during the financial year 2011-12, says a CAG report.Of the total of Rs 1,27,897.39 crore pending demand, Rs 73,274.74 crore was for service tax and Rs 54,172.65 crore for excise duty, it said.The central excise duty cases involving duty of Rs 54,172.65...
Source : DDINews |
Category : Business | City : National

Business Briefs

staggering Rs 1.27 lakh crore revenue as central excise and service tax remained unrealised because of appeals and litigations pending before authorities during 2011-12, says a CAG report. Of the total of Rs 1.27 lakh crore pending demand, Rs 73,274.74 crore was for service tax and Rs 54,172.65 crore for excise duty, it said. Central excise duty cases involving levies of Rs 54,172.65 crore were pending...
Source : Telegraphindia |
Category : Business | City : Mon
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