Excise News

The Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by Rs. 2 per litre with effect from 4th October, 2017;  This major decision has been taken by the Government in order to cushion the impact of rising international prices of..

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40 Officers of the Customs & Central Excise selected for Grant of Presidential Award of Appreciation Certificate for Specially distinguished Record of Service. 1. Every year, the Officers of the Board of Customs & Central Excise, Department of Revenue are considered for grant of Preside..

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Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31, 2017.  The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with effect from mid-night of 8th-9th November, 2016. Along with this, the Government has also..

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Circular No. 1049/37/2016-CX  F. NO. 267/40/2016-CX.8 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS    New Delhi, dated the 29thSeptember, 2016    To, All principal Chief Commissioners/Chief Commissi..

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CBEC takes Litigation Management and Dispute Resolution measures; Field formations file applications for withdrawal in 980 and 2174 cases in High Courts and CESTAT respectively as per the new threshold monetary limits prescribed; Out of this, High Courts allow withdrawal in 250 cases and CESTAT in 2..

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Government constitutes a Sub-Committee under the aegis of the High Level Committee (HLC) on issues related to excise duty on different articles of jewellery imposed in Budget 2016-17; Committee to submit its Report within sixty days    In the Union Budget 2016-17, the Central Excise du..

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Central Board of Excise and Customs revises limit for arrest and prosecution substantially upwards ; In cases of outright smuggling or mis-declaration of baggage, the limits regarding value of offending goods have been revised from Rs. 5 lakh to Rs. 20 lakh among others  Persons involved in ..

Posted in Excise  1 comments |   2972 Views

Indirect Tax Revenue (Provisional) Collections Increase to Rs. 61,284 crore in September 2015 from Rs. 46,224 crore in Spetember 2014 ; Thus an Increase of 32.6% has been Registered in Collections During September 2015 over the Corresponding Period in the Previous Year    Indirect Tax ..

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Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs  Notification No. 18/2015-Central Excise (N.T.) New Delhi, the 6th July, 2015 G.S.R.  (E).____In pursuance of sub-rule (5) of rule 10 and sub-rule (9) of rule 11 of the..

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In the Budget 2014 Hon’ble Finance Minister had announced certain initiatives to facilitate trade and cut trade transaction costs. It is the endeavor of the Indirect Tax administration to facilitate the trade and industry in discharging their tax dues, and simplify procedures for ease of doing..

Posted in Excise  3 comments |   2712 Views



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