Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: VAT RATES :: articles on VAT and GST in India :: VAT Audit :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: empanelment :: form 3cd :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« News Headlines »
 Why seeing Form 26AS is a must before filing tax return and how to access it
 No tax on notice period pay cut
 Interpretation Of Central Goods And Services Tax (Cgst) Act (Part-1)
 What to do if you haven’t filed your taxes
 Income Tax Declaration To Employer: 10 Changes You Should Be Aware Of
 What your income tax says about you
 Self e-filing of income tax returns
 Why do we get 3 extra days to file income tax returns in 2017?
 Income Tax department launches 'Operation Clean Money'-II
 Here’s how to e-file your income tax return
  Why SMEs should comply with income tax provisions

Govt might give tax benefits on bio fuels
October, 25th 2006
The Government is mulling giving tax incentives like excise and import duty exemption to promote the use of biodiesel and ethanol in auto fuels so as to cut down country's import dependence to meet its fuel needs.

The Ministry of Non-Conventional Energy Sources, now re-christened as Ministry of New and Renewable Energy, in the draft National Policy on Biofuels has suggested a slew of fiscal incentives and a National Biofuel Development Board headed by Prime Minister Manmohan Singh to promote doping of petrol with ethanol and diesel with non-edible oil.

Official sources said the ministry's draft note for the Cabinet proposes excise duty exemption to biofuels in pure as well as blended form up to a certain percentage with a view to lowering price of the biofuel for the end user.

It also proposed custom and excise duty exemption to plant and machinery used for processing oil seeds for biofuel production.

Besides, excise duty exemption to biodiesel blended with duty-paid diesel, similar to the concessions given for ethanol blended petrol made by mixing duty paid petrol, is proposed to be provided.

Sources said the draft policy also proposed setting up of a National Biofuel Development Board to fix Minimum Support Price (MSP) for non-edible vegetable oil seeds required for conversion to biodiesel and other biofuels such as ethanol.

NBDB, which is proposed to be headed by Prime Minister, would also prepare a National Road Map on bio-fuel in petrol and diesel engines in a time-bound manner.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions