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: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: empanelment :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: due date for vat payment :: cpt
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Excise sops for six Re-hit sectors
February, 25th 2008
Budget 2008-09 may provide a bailout package for six labour-intensive sectors hit most by the strengthening rupee. Textiles, gems & jewellery, handloom, handicraft, marine and leather may get excise waivers and an extension of interest rate subvention which expires in March. Sources said the package is almost final, with the finance minister and the Prime Minister's Office giving the finishing touches.

Sources said that the V Krishnamurthy committee, set up by the PMO to find ways in which the domestic industry could be helped to cope with the fallout of a rising rupee, had recommended special measures for the six sectors.

While many of the recommendations will not find place in the Union Budget, the finance ministry is likely to provide at least excise waiver and interest rate subvention for the six sectors, an official said. He added that the finance minister was in touch with the PMO on the relief measures to be announced in the Budget.

Gems and jewellery sector, which operates on very thin margins, could get a special package. Excise duty on certain manmade fibres is at 8%, while duty on leather goods is at 16%. Machines used in marine and textiles industry are in the 16% bracket and same is the case with fishing nets and fish landings. On manmade fibres, leather goods and fishing equipment too, the duty rates are expected to be reduced.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

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