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Indirect tax collection at Rs 4.41 lakh crore in Apr-Feb

Last Updated: Wednesday, March 26, 2014, 19:09

Indirect tax collections grew by 5.6 percent to Rs 4,41,826 crore in the April-February period of this fiscal amid a slowing economy.

More banks importing gold can bring down prices: Chakrabarty

Last Updated: Thursday, March 20, 2014, 18:50

According to sources, RBI has permitted Axis Bank, Kotak Mahindra Bank, IndusInd Bank and Yes Bank to import gold.

FinMin asks tax officials to shore up realisation

Last Updated: Monday, January 27, 2014, 14:28

Buoyed by improved customs duty collections in December, Finance Minister P Chidambaram Monday asked the revenue officials to shore up realisation in the remaining months with a view to exceed the revised projections.

'Inverted customs duty making Indian mfg goods uncompetitive'

Last Updated: Sunday, November 17, 2013, 23:03

Under the inverted duty structure, finished goods are taxed at lower rates than raw material.

Make SEZs attractive for investors to boost exports: Assocham

Last Updated: Friday, September 06, 2013, 16:02

The chamber also urged the Commerce Ministry to provide customs duty exemption for operation and maintenance vis-a-vis authorised operations in non-processing area.

Govt further cuts import tariff value of gold

Last Updated: Wednesday, May 22, 2013, 14:13

In the wake of falling global prices of precious metals, the government on Wednesday further slashed the import tariff value of gold to USD 440 per ten grams, while it has been kept unchanged at USD 761 per kg for silver imports.

No authorisation needed for customs okay to imported gifts

Last Updated: Thursday, January 31, 2013, 22:01

The Finance Ministry Thursday said the Customs no longer insists on submission of authorisation from recipients for clearance of imported gifts at IGI Airport.

Govt lowers import duty on 'gold findings' to 4%

Last Updated: Thursday, September 20, 2012, 21:41

The government has lowered the customs duty on 'gold findings' to 4 percent from 10 percent, a development which the industry says will promote jewellery exports.

Tax tribunal asks Bharti to pay Rs 700 crore: Report

Last Updated: Friday, June 15, 2012, 10:31

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has asked Bharti Airtel to pay more than Rs 700 crore for unpaid customs duty, a daily newspaper reported on Friday.

Customs duty collection falls 8.8% to Rs 11,594 cr in Apr

Last Updated: Monday, May 21, 2012, 20:26

Collections from customs duty was Rs 12,714 crore in the same period last fiscal, as per official figures.

Excise, customs duties on large, foreign-made vehicles hiked

Last Updated: Friday, March 16, 2012, 19:12

Sedan and foreign-made luxury cars will cost more from April 1, 2012 as Finance Minister Pranab Mukherjee Friday proposed to raise excise and customs duties on large cars as well as imported luxury vehicles.

Budget 2012: Customs duty relief for manufacturing sector

Last Updated: Friday, March 16, 2012, 14:46

The government on Friday announced customs duty cuts for the manufacturing sectors, as part of the measures proposed in the Union Budget for 2012-13.