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: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TDS :: empanelment :: cpt :: VAT Audit :: list of goods taxed at 4%
 
 
Customs and Excise »
 Govt to give customs, excise duty benefits to boost solar rooftop sector
 Clarification regarding posting of Central Excise officer in Cigarette units-reg.
 Ensure transparency in excise department working: Bizmen to government
 It is time to review the customs duty on essential food imports
 Migration to GST of existing Central Excise / Service Tax Assessees
 Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017
 Budgetary Changes In Customs
 Customs and excise officials upset with GST administration deal with states
 Higher petro excise props up govt tax kitty
 Seeks to further amend notification No. 02/2011-Central Excise dated 1st March, 2011.
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016

Carmaker Fiat India seeks review of Supreme Court order on excise duty payment
November, 02nd 2012

Carmaker Fiat India has sought review of a Supreme Court order directing it to pay about 360 crore as additional excise duty on sales of its Uno cars between 1996 and 2001.

"We have filed a review petition," said V Lakshmi Kumaran, lawyer for Italian carmaker Fiat's Indian unit, without giving further details. The court had passed the order on August 29.

The case pertains to Fiat's joint venture with Mumbai-based Premier Automobiles at the time. Fiat was importing completely-knocked-down kits of its popular Uno hatchback and selling them in the country below cost price. This prompted the tax authorities to levy the duty on the cost price of the company's Uno hatchbacks.

Fiat, however, contested the move, arguing that excise duty should be levied on the sale price, which in this case was less than the cost of production.

Premier, the other party in the case, had filed a clarification application within a month of the Supreme Court order, according to Tarun Gulati, partner in Delhi-based law firm Economic Laws Practice.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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