Central Excise

Banks not yet prepared for GST roll-out: IBA to Parliamentary panel

Banks not yet prepared for GST roll-out: IBA to Parliamentary panel

With less than a month left for the rollout of the GST, the Indian Banks' Association (IBA) has informed a Parliamentary panel that lenders are not yet geared up for implementation of the new indirect tax regime.

Jun 04, 2017, 16:16 PM IST
Income Tax refunds worth Rs 1.22 lakh crore issued in FY’16: Govt

Income Tax refunds worth Rs 1.22 lakh crore issued in FY’16: Govt

The Income Tax department has issued 2.10 crore refunds totalling over Rs 1.22 lakh crore in 2015-16, which saw 94 per cent the returns being filed online.

May 06, 2016, 15:05 PM IST

Indirect tax collection grows by 34% in Apr-Nov period

Reflecting improvement in industrial activities, indirect tax collection jumped 34.3 percent to Rs 4,38,291 crore during the first eight months of current financial year.

Dec 09, 2015, 20:35 PM IST

Govt eases penal provisions for customs, excise offences

In a bid to reduce harassment of overseas travellers, the government today eased the penal provisions by raising fourfold to Rs 20 lakh the limit of undeclared or mis-declared baggage that will attract arrest or prosecution.

Oct 23, 2015, 21:07 PM IST

CBEC must aim at 22% growth in service tax collection: Das

Concerned over low service tax realisation, Revenue Secretary Shaktikanta Das Monday asked the CBEC (Customs, Central Excise and Service Tax) to analyse revenue mop-up sectorally and ensure that it grows by 20-22 percent in the fiscal.

Aug 24, 2015, 23:15 PM IST

Fate of GST Bill remains uncertain

The bill on GST, which will be the biggest tax reform after 1947, was introduced in the Lok Sabha in December last year.

Apr 25, 2015, 10:24 AM IST

Deputy Commissioner of Central Excise sentenced to 3 years RI

A CBI court here on Saturday sentenced a Deputy Commissioner of Central Excise to three years rigourous imprisonment in a disproportionate assets case under Prevention of Corruption Act.

Apr 18, 2015, 18:44 PM IST

Two Central Excise Dept employees arrested by CBI

 CBI on Thursday arrested two employees of Central Excise in connection with a graft case and recovered incriminating documents after conducting searches at five places.

Apr 09, 2015, 19:26 PM IST

CBI recovers cash from Central Excise officer's office

CBI on Thursday carried out searches against officials of Central Excise posted at Special Economic Zone of Mundra, Gujarat and recovered cash from their offices besides property documents and jewellery from residences.

Feb 26, 2015, 20:23 PM IST

Over Rs 74,000-cr unrealised tax revenue; CAG for close review

Over Rs 74,000 crore in central excise and service tax revenue is pending realisation for 2012 -13 on various grounds, including that of injunction or appeal.

Sep 22, 2014, 16:58 PM IST

Jayalalithaa writes letter to PM Modi, suggests two-tier tax machinery

Tamil Nadu Chief Minister J Jayalalithaa has suggested to the central government to delegate the levy, collection and appropriation of tax substitutes for value added tax, central excise and service tax by the state.

Aug 18, 2014, 12:31 PM IST

Central Excise slaps Rs 4.6-crore tax notice on Indian Oil

Central Excise slapped Rs 4.6-crore tax notice on Indian Oil for not paying service tax under the head of a 'goods transport agency'.

May 13, 2014, 13:02 PM IST

30k officers of central excise, customs to go on 3-day strike

About 30,000 officers of Central Excise and Customs will observe a 3-day nationwide strike beginning March 29, protesting against the working conditions and "delayed" promotions.

Mar 24, 2013, 12:31 PM IST

Central Excise books tax evasion cases of over Rs 25 crore

Central Excise has booked cases against three entities for tax evasion of over Rs 25 crore for misusing cenvat credit facilities.

Feb 22, 2013, 21:12 PM IST

Rs 30-cr tax evasion case against Kolkata firm

Central excise officials Friday registered a case of alleged duty evasion of Rs 30 crore by a Kolkata-based iron and cement manufacturer firm.

Jan 18, 2013, 15:59 PM IST

Govt detects Rs 5,995 crore central excise, service tax evasions

The government on Wednesday said it has detected alleged central excise and service tax evasions of about Rs 5,995 crore during 2011-12.

Aug 08, 2012, 16:32 PM IST

No service tax from CAG, says CBEC; reverses earlier stand

The Revenue Department has said that auditing services provided by Comptroller and Auditor General (CAG) will not be subject to 12 percent service tax as it is a constitutional body.

Jun 21, 2012, 14:26 PM IST

Excise duty, service tax evasion of over Rs 13,600 crore detected

Revenue department detected central excise and service tax evasion of over Rs 13,620 crore in the 11-month period till February of 2011-12 fiscal, the government said.

Apr 10, 2012, 21:36 PM IST

Now, common return for central excise, service tax

As a measure of synchronization between Central Excise and Service Tax, the Government has made a number of alignments.

Mar 16, 2012, 14:27 PM IST

CBI arrests Central Excise Commissioner in Delhi

CBI on Friday arrested Central Excise Commissioner Anup Kumar Srivastava after a local court dismissed his anticipatory bail plea in connection with his alleged role in a graft case.

Jan 13, 2012, 22:10 PM IST