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Indirect tax collections rises 42% in Apr to Rs 64,394 cr on higher excise mop up

May 11, 2016

Indirect tax collections rises 42% in Apr to Rs 64,394 cr on higher excise mop up

Excise collections soared 70.7 percent to Rs 28,252 crore in April as compared to Rs 16,546 crore a year ago #Excise #Customs #Indirect tax #Finance Minister Arun Jaitley
Babus beware! PM Modi calls for strict action on erring customs, excise officials

Jan 28, 2016

Babus beware! PM Modi calls for strict action on erring customs, excise officials

Prime Minister Narendra Modi on Wednesday took strong exception at complaints and grievances from people related to the customs and excise sector and asked for strict action against concerned officials. #Corruption #TheySaidIt #Excise #Grievance redressal #Customs #Pragati #PM Modi #review meeting
Double-edged sword: High initial GST rate may make most services costlier

Apr 21, 2015

Double-edged sword: High initial GST rate may make most services costlier

Services may bear the brunt of any new goods and services tax, thus pushing up costs all around. #HowThisWorks #Arun Jaitley #Goods and Services Tax #Excise #service tax #revenue neutral rate
 Jaitley promises to step up public funding to boost infrastructure

Mar 25, 2015

Jaitley promises to step up public funding to boost infrastructure

The minister said that while the agriculture and services sectors have been doing well, "manufacturing is a challenge" and the government is trying to resolve the "legacy" issues hampering development of infrastructure sector. #Economy #NewsTracker #FDI #Arun Jaitley #Excise #GST #manufacturing sector #service tax #Land Acquisition Bill #Indirect tax #Octroi #National Highway Authority #Defence manufacturing
Govt considers extending excise duty concessions to automobile sector

Sep 11, 2014

Govt considers extending excise duty concessions to automobile sector

The government had cut excise duty on cars, SUVs and two-wheelers as well as consumer durables in the Interim Budget in February to help the industry tide over a demand slump.
#India #NTPC #Excise #car #auto #SUV #Duty #Maharatna #twi wheelers
Diesel price may be cut for 1st time in 7yrs; petrol by Re 1/lt

Sep 09, 2014

Diesel price may be cut for 1st time in 7yrs; petrol by Re 1/lt

Petrol and diesel rates are due for revision on September 15 and there is a possibility of reduction in retail prices #India #oil #Petrol #Diesel #Excise #VAT #CNG
Close bars within 15 days: Kerala govt directs hoteliers

Aug 26, 2014

Close bars within 15 days: Kerala govt directs hoteliers

The decision, taken by a high-level meeting convened by Excise Minister K Babu, would mean that 312 functioning bars would be closed only after the Onam festival, to be celebrated in the first week of next month.
#India #UPA #Congress #Kerala #UDF #Education #Excise #ban #Oomen Chandy #hotel #Liquor #Bar
Indirect tax target of Rs 6.23 lakh cr challenging but achievable: Jaitley

Aug 12, 2014

Indirect tax target of Rs 6.23 lakh cr challenging but achievable: Jaitley

The minister also laid emphasis upon reducing tax litigation and tax settlement mechanism to unlock the money held up due to litigation.
#Economy #India #Finance minister #Arun Jaitley #Excise #Tax #service tax #Customs #Central Board of Excise and Customs #Indirect tax
Jaitley hints curbs on gold import could go after fiscal situation improves

Jul 11, 2014

Jaitley hints curbs on gold import could go after fiscal situation improves

As a result of combined efforts, imports of gold has been declining. They fell by 72 percent to $2.19 billion in May due to restrictions imposed by the government.
#Gold #fiscal deficit #Arun Jaitley #Excise #Current Account Deficit #imports #Duty #CAD