Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: empanelment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT Audit :: cpt :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: form 3cd :: TDS :: due date for vat payment
Customs and Excise »
 IGST on high-seas sale of imports is levied only during customs clearance
 Central Excise Rules, 2017 – Part II
 Central Excise Rules, 2017 – Part I
 Allocate the charges amongst the Members of the Central Board of Excise and Customs
  Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 4 new members appointed in Central Board of Excise and Customs
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
 Central Board of Excise and Customs to soon notify new procedural framework
 CBEC set to be Central Board of Indirect Taxes and Customs
 Govt to give customs, excise duty benefits to boost solar rooftop sector

Customs collections drop 11.6%, excise 5%
November, 09th 2011

The slow down in the industrial sector has finally taken a toll on indirect tax collections. The collections dropped 2.5 per cent in October to Rs 30,278 crore, raising apprehensions if the government will be able to stick to its budget estimate.

Customs collections fell 11.6 per cent to Rs 11,357 crore in October, while excise duty collections fell for the second month in a row by 5.3 per cent to Rs 10,527 crore. Services tax collections, however, remained buoyant, growing over 18 per cent to Rs 8,394 crore. Experts said the much-feared deceleration in growth is visible now.

The growth of factory output during September stood at 2.3 per cent, as against 3.7 per cent during the same period a year ago. The Index of Industrial production during April-August moderated to 5.6 per cent from 8.7 per cent during the corresponding period in 2010-11.

Similarly, decline in capital investment has hit customs collection.

Manufacturing is going down. There is some amount of industrial slowdown. Only the service sector is growing. But I would say it is a mixed bag and still too early to say that we would not be able to meet the target, Bipin Sapra, partner, E&Y, said. Also, lower collections is partly due to the cut in customs and excise duties on petroleum products in June. The government had slashed customs and central excise duties to provide relief to consumers from the hike in petrol prices, foregoing revenue to the tune of Rs 49,000 crore.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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