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Central Excise News

04 Jun 2017

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.

06 May 2016

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.

India's industrial activities

09 Dec 2015

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.

Overseas travellers

23 Oct 2015

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.

24 Aug 2015

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.

22 Sep 2014

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.

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