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Centralised Task Force not made any effort to recover Excise/ Custom Duty: CAG
Executive Summary of CAG Report No. 3 of 2017 Revenue Indirect Taxes Central ExciseCentral Excise collection was Rs. 2,87,149 crore during financial year 2015-16 (FY 16) and accounted for 40 per cent...
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Ms. Vanaja N. Sarna, IRS appointed as Chairman CBEC
Ms. Vanaja N. Sarna, IRS (C&CE:1980) appointed as Chairman, Central Board of Excise and Customs (CBEC); Takes charge today on superannuation of Shri Najib Shah Ms. Vanaja N. Sarna, IRS (C&CE:1980) pre...
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CBEC renamed as Central Board of Indirect Taxes & Customs (CBIC)
FM approves the re-organisation of the field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST); CBEC is being renamed as the Central Board...
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CBEC Partner Connectivity Protocol
Central Board of Excise & CustomsDepartment of Revenue, Ministry of Finance, Government of IndiaCBEC Partner Connectivity Protocol – Solution for CBEC field formations managed by Custodians (under the...
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Indirect Tax Collections up to February, 2017 show Growth of 22.2%
Net Indirect Tax collection upto February 2017 stood at Rs 7.72 lakh crore, 22.2% more than the corresponding period last year Net Direct Tax collections upto February 2017 stood at Rs. 6.17 lakh cror...
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CBI Arrests three Central Excise Officials in a bribery case
CBI Press ReleaseNew Delhi, 21.02.2017The Central Bureau of Investigation has arrested two Superintendents and an Inspector, all of Central Excise, Audit Department(Govt. of India), Murthal, District-...
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Details of detection / recovery in Excise and Service Tax evasion cases
GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUELOK SABHAUNSTARRED QUESTION NO. 4856TO BE ANSWERED ON FRIDAY, DECEMBER 16, 2016/ AGRAHAYANA 25, 1938(SAKA)IRREGULARITIES IN TAXES†4856. SHRI...
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GST Migration for Punjab VAT dealers to start from 16.12.2016
GOVERNMENT OF PUNJABDEPARTMENT OF EXCISE & TAXATIONPUBLIC NOTICEKIND ATTENTION: DEALERS/CHARTERED ACCOUNTANTS/LAWYERS/OTHER STAKEHOLDERS1. As you are aware that Goods and Services Tax (GST) is likely...
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No excise till 31.03.2017 on POS devices used for cashless transaction
Point of Sale (POS) Devices and Goods required for their manufacture exempted from Central Excise Dutytill March 31, 2017.The Government has demonetised the currency notes of Rs 500 and Rs 1,000 with...
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Indirect Tax Collections up to October, 2016 shows increase of 26.7%
Press Release: Indirect Tax Collection, [April-Octobers 2016-17Indirect Tax Collections up to October, 2016 show an increase of 26.7% over the net collections for the corresponding period last year.Th...
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E-payment of Indirect Taxes
All about E-payment of Indirect Taxes 1. Introduction1.1. E-payment of tax is a facility provided to the tax payers to make tax payments through internet using net-banking facility. Electronic Account...
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CBI arrests Excise Superintendent for Accepting Rs.50,000/- as Bribe
CBI ARRESTS CENTRAL EXCISE SUPERINTENDENT FOR ACCEPTING RS.50,000/- AS BRIBE The Central Bureau of Investigation has arrested a Superintendent of Central Excise, Faridabad for demanding & accepting a...
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Indirect Tax Collections up to Sep, 2016 shows increase of 25.9%
Press Information Bureau Government of India Ministry of Finance 10-October-2016 Indirect Tax Collections up to September, 2016 show an increase of 25.9% over the net Indirect Tax collections for the...
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7 Years Imprisonment to then Inspector, Central Excise in A Bribery Case
SEVEN YEARS RIGOROUS IMPRISONMENT TO THEN INSPECTOR, CENTRAL EXCISE IN A BRIBERY CASE The Special Judge, CBI cases, Dehradun (Uttarakhand) has today sentenced Shri Vikash Jatav , then Inspector, Centr...
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Accounting treatment of CENVAT refund under N/N 187/6/2015
Accounting treatment of CENVAT refund under notification no 187/6/2015 In order to support the survival of exporter of services in international market and for the growth Indian economy, the Central B...
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Seizure of Cash During Investigation in Central Excise
In order to carry business activities we need cash. It is required to purchase raw material, to pay for transportation, to pay for the numerous activities which are essential to run the business. Simi...
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Evidentiary Value of Retracted Statement
In the revenue matters largely the statement taken during the investigation is taken on the face of it, even if the same is incriminating against the maker of the statement. As per section 14 of the C...
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Applicability of Excise on Gems & Jewellery Industry
Highlights of Applicability of Excise on Gems & Jewellery Industry This write up is to update you on the recent developments on applicability of Excise on Gems and Jewellery Industry. On the basis of...
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Excise on jewellery: Govt accepts HLC recommendations
Press Information Bureau Government of India Ministry of Finance Date: 13-July-2016 PRESS RELEASE Government accepts the recommendations of Sub-Committee of the High Level Committee to interact with T...
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CBI court held 3 excise official guilty in bribery case
TWO YEARS RIGOROUS IMPRISONMENT TO THEN SUPERINTENDENT AND TWO THEN INSPECTORS OF CENTRAL EXCISE IN SEPARATE CASES OF BRIBERY The Principal Special Judge for CBI Cases, Chennai has convicted Sh. G Mur...