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: form 3cd :: VAT Audit :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: due date for vat payment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TDS :: list of goods taxed at 4%
 
 
Customs and Excise »
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Seeks to amend Notification No. 27/2014-Central Excise
 Government doubles limit of excise duty evasion for arrest and prosecution
 Excise duty evasion limit to warrant arrest revised to Rs 2 crore
 Guidelines for launching of prosecution in relation to offences punishable under the Customs Act, 1962
 GST notification triggers uncertainty over excise duty
 Preparing for GST: govt looking at restructuring excise/customs cadre
 Refund of Terminal Excise Duty (TED) under Deemed Exports where Duty has been paid from CENVAT Credit and ab-initio waiver is not available.
 CBEC directs customs officials for random search of vessels
 Rate of exchange of conversion of the foreign currency with effect from 7th July, 2016

Goa ore export: PAC hints probe into role of ports, Customs
October, 07th 2011

Goa Legislative Assembly-constituted Public Accounts Committee (PAC) report on illegal mining is learnt to have recommended that the role of ports and Central Excise and Customs be probed in wake of the illegal ore exports from the coastal state.

According to sources, the report, which was handed over to Speaker of Legislative Assembly Pratapsingh Rane today during the session, said that the role of Mormugao Port Trust (MPT), port authorities at Panaji port and Customs also needs to be investigated in view of huge quantities of export that were permitted without documents, to prove the source and legality of the ore.

The state government fighting back to control the export of ore illegally from the state had made mandatory to get 'No Objection Certificate'(NOC) from the State Mines and Geology department before the consignment is dispatched abroad.

While Panaji Port had immediately implemented the government guidelines in November last year, the MPT had delayed in implementing it as late as January, 2011. The PAC report has said that of the total 54 million
metric tonne of ore exported during financial year 2010-11, almost 5.5 million metric tonne was sent illegally by evading royalty.

Sources said the report has said that of the total ore exported almost 18-20 million metric tones has been illegally extracted without proper licences.

The PAC, chaired by Leader of Opposition Manohar Parrikar has also recommended that the administrative set up of Directorate of Mines and Geology needs to be strengthened immediately by appointing, on deputation, senior officers in the department to increase its strength and improve its functioning, they said.

The Committee, it is learnt, has established that lack of proper records in all probability is done to allow illegal mining go unchecked.Sources stated that a detailed external audit is required to find out the exact data about illegalities as the figure that were submitted to committee were modified time and again.

The report has already run into controversy before it was tabled after ruling party members on the committee refused to sign the document.Parrikar said he has already submitted the report to the Speaker and it is for him to decide on it.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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