Central Board of Excise & Customs

Type: Organization

Name: Central Board of Excise & Customs

First reported May 24 2013 - Updated May 24 2013 - 1 reports

Cabinet gives nod to hire 20,750 staff for I-T Dept

The Income Tax Department will get 20,751 additional hands, which would help it increase tax collections by over Rs 25,000 crore a year.The Cabinet on Thursday approved a proposal to create an additional 1,349 additional posts in the Indian Revenue Services ... [Published Smart Investor - May 24 2013]

Entities: Central Board of Direct Taxes, Taxes, Palaniappan Chidambaram, Central Board of Excise & Customs

First reported May 23 2013 - Updated May 24 2013 - 2 reports

Palaniappan Chidambaram

Over 20,000 new posts to be created in I-T dept

The Union Cabinet on Thursday approved the creation of 20,751 new posts in the Income-Tax Department.These include 1,349 new Indian Revenue Service (IRS) posts and 19,402 non-IRS cadres.Recruitment will be done over a period a time, Finance Minister P. ... [Published Hindu Business Line - May 23 2013]

Entities: Palaniappan Chidambaram, Central Board of Excise & Customs, Taxes

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Higher import duties on tablets to continue: FinMin

A tablet is a tablet and not a phone even if it allows for phone calls and shall face higher rate of import duty levied on computing devices, says the finance ministry.The Central Board of Excise and Customs, the apex indirect taxes body, has clarified ... [Published Economic Times - May 23 2013]

Entities: Smartphone, Automatic Data Processing, Central Board of Excise & Customs

First reported May 23 2013 - Updated May 23 2013 - 1 reports

Gold prices slip by Rs30 to Rs27,020 per ten grams

According to reports, silver prices rose due to high demand from industrial units and added Rs. 100 to Rs. 44,300. Gold prices slipped by Rs. 30 to Rs. 27,020 per ten grams. According to reports, silver prices rose and added Rs. 100 to Rs. 44,300. Earlier ... [Published India Infoline - May 23 2013]

Entities: Silver, Central Board of Excise & Customs

First reported May 22 2013 - Updated May 23 2013 - 6 reports

Gold import tariff value cut further

Taking cognizance of the high volatility in gold prices with a downward bias in global markets, the government, on Wednesday, reduced the import tariff value of the yellow metal to $440 per 10 grams from $ 466 per 10 grams fixed a week ago.For silver, ... [Published The Hindu - May 22 2013]

Entities: Central Board of Excise & Customs, Volatility, Vegetables

First reported May 22 2013 - Updated May 22 2013 - 1 reports

Federal Reserve System

MCX Gold sideways to bullish prices may remain in 26000 26300 range

MUMBAI (Commodity Online): The trend in gold futures for June delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish and prices may remain in the range of 26000 - 26300 for the day.“For intra-day, support for the commodity is seen ... [Published CommodityOnline - May 22 2013]

Entities: Federal Reserve System, Commodities, Central Board of Excise & Customs

First reported May 22 2013 - Updated May 22 2013 - 1 reports

Commodities Buzz: India Cuts Gold Import Tariff Value By 5.60%

The Indian government today cut the import tariff value of gold to $440 per ten grams - initiating a reduction of 5.60%, while it has been kept unchanged at $761 per kg for silver imports. Tariff value is the base price on which the customs duty is determined ... [Published India Infoline - May 22 2013]

Entities: Commodities, India, Central Board of Excise & Customs

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Bhushan Steel evaded central excise duty: CBEC

Bhushan Steel has been booked for fraudulent availment of Cenvat credit on zinc ingots purchased from Hindustan Zinc’s Haridwar unitPTITax evasion estimated at Rs 24 crore against Bhushan Steel Ltd . Photo: Priyanka Parashar/ MintAlso ReadNew Delhi: The ... [Published Livemint.com - May 20 2013]

Entities: Bhushan Steel Ltd, Central Board of Excise & Customs, Priyanka Parashar, Hindustan Zinc Ltd

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Part of government can still be independent

There is a raging controversy now whether an institution which is a part of the Government can still be independent. This happened in the recent context in which the CBI has come under serious criticism for not acting independently.The CBI has been defended ... [Published Smart Investor - May 20 2013]

Entities: Adjudication, Appellant, Central Board of Excise & Customs

First reported May 08 2013 - Updated May 09 2013 - 5 reports

CBEC likely to serve INR 650 crore notice to BMW

PTI reported that the "The Central Board of Excise and Customs Chennai office is likely to serve a INR 650 crore show cause notice to luxury car maker BMW alleging that it imported semi knocked down cars but paid duty for completely knocked down car ... [Published Steel Guru - May 09 2013]

Entities: BMW Bayerische Motoren Werke AG, Central Board of Excise & Customs, Chennai

First reported Apr 30 2013 - Updated Apr 30 2013 - 3 reports

Honda asked to pay Rs 164 crore by CBEC

Honda has been asked to cough up Rs 164 crore more as excise duty by the Central Board of Excise & Customs(CBEC) as the Japanese car maker has paid duties on the discounted price of the Brio and Jazz hatchbacks, instead of paying excise duty based on ... [Published Zigwheels - Apr 30 2013]

Entities: Honda Motor Co Ltd, Honda Brio, Central Board of Excise & Customs

First reported Apr 30 2013 - Updated Apr 30 2013 - 2 reports

Honda India asked to pay Rs 164 crore more as excise duty

Honda India has been served a show-cause notice by Central Board of Excise and Customs asking them to pay an additional excise duty totaling to Rs 164 crore. This is a result of company not paying the duty on the cost of production of cars but on their ... [Published CarWale - Apr 30 2013]

Entities: Honda Motor Co Ltd, India, Central Board of Excise & Customs, Honda Brio

Quotes

"This additional expenditure would be more than compensated by the increased revenue of more than Rs 25,000 crore per annum proposed to be generated as a result of this exercise" he added

Govt approves I-T dept restructuring; creates 20,751 posts [Published DNA India - May 23 2013]

...It main technical features is designed as a substitute for laptops, it said. "The difference between a "smartphone" and a "tablet computer" is not based on whether the product has a voice calling function or not, but on the principal features that a producer has intended for the device when designing and developing it" the CBEC said

Higher import duties on tablets to continue: FinMin [Published Economic Times - May 23 2013]

...In its judgment, which came to be known as the Munimji judgment, the apex court observed that "the CAG's function to carry out examinations into [the] economy, efficiency and effectiveness with which government has used its resources is inbuilt in the 1971 Act"

Did the CAG overstep the mark? [Published Smart Investor - May 13 2013]

"It is not only BMW; even other luxury car makers in the country are adopting the same method and have evaded taxes to the tune of more than Rs 2,000 crore. These car manufacturers are given tax concession to encourage local manufacturing units. However, they have not gone in for indigenisation of components as the sales volume does not justify it" said a tax official

BMW India’s Chennai plant raided by CBEC officials for duty evasion [Published CarWale - May 09 2013]

More Content

sort by: Date \| Relevance
Cabinet gives nod to hire 20,750 staff for I-T ... [Published Smart Investor - May 24 2013]
Over 20,000 new posts to be created in I-T dept [Published Hindu Business Line - May 23 2013]
Govt approves I-T dept restructuring; creates 2... [Published DNA India - May 23 2013]
Higher import duties on tablets to continue: Fi... [Published Economic Times - May 23 2013]
Gold prices slip by Rs30 to Rs27,020 per ten grams [Published India Infoline - May 23 2013]
Gold import tariff value cut further [Published The Hindu - May 22 2013]
Government slashes tariff value for gold import... [Published domain-b - May 22 2013]
Govt cuts import tariff value of gold [Published India Infoline - May 22 2013]
Gold import prices to drop [Published TruthDive - May 22 2013]
MCX Gold sideways to bullish prices may remain ... [Published CommodityOnline - May 22 2013]
India govt cuts import tariff value of Gold to ... [Published CommodityOnline - May 22 2013]
Commodities Buzz: India Cuts Gold Import Tariff... [Published India Infoline - May 22 2013]
Govt further cuts import tariff value of gold [Published DDI News - May 22 2013]
Bhushan Steel evaded central excise duty: CBEC [Published Livemint.com - May 20 2013]
Part of government can still be independent [Published Smart Investor - May 20 2013]
Import tariff value of gold cut [Published The Hindu - May 16 2013]
Did the CAG overstep the mark? [Published Smart Investor - May 13 2013]
Utilisation of duty credit scrips [Published Smart Investor - May 13 2013]
India imposes 2.5 percent duty on scrap imports [Published SteelOrbis - May 10 2013]
BMW India likely to be charged by CBEC for evad... [Published OnCars.in - May 10 2013]
OnCars India Buzz: 10 May 2013 [Published OnCars.in - May 10 2013]
Mandatory e-filing of excise duty returns likel... [Published Indian Express - May 10 2013]
I-T department likely to send Rs. 650 crore sho... [Published Topnews.in - May 09 2013]
BMW India’s Chennai plant raided by CBEC offici... [Published CarWale - May 09 2013]
CBEC likely to serve INR 650 crore notice to BMW [Published Steel Guru - May 09 2013]
BMW runs into trouble with CBEC [Published Manorama Online - May 09 2013]
BMW to get Rs 650-cr duty evasion notice in 2 w... [Published Firstpost.com - May 09 2013]
BMW under tax probe over car imports [Published Business Today India - May 08 2013]
Customs department likely to serve Rs 650-crore... [Published NDTV Profit - May 08 2013]
Selling at discount gets taxing for carmakers [Published DNA India - May 08 2013]