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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: cpt :: VAT RATES :: form 3cd :: ACCOUNTING STANDARD :: VAT Audit :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: due date for vat payment :: TDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company
 
 
« News Headlines »
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?

Govt asks finance panel to look into refund of exporters State levies
February, 18th 2008
The Government has asked the Finance Commission to suggest ways on how it can refund State levies to the traders and adjust the same against the States accounts.

I have got it included in the terms of reference of the 12th Finance Commission to work at a mechanism where the State levies are refunded by the Centre to the exporters and then appropriated to States, the Commerce and Industry Minister, Mr Kamal Nath, at the annual general meeting of FICCI here on Saturday.

Exporters have been seeking refund of various levies like octroi, mundi tax and electricity duty on the lines of reimbursement of central taxes because of the erosion of margins by a sharp rise in rupee against the dollar.

Mr Nath also said that he favoured a cut in import duties on several items. There should be reduction in import duties on some items because we have to ensure that the inverted duty structure in a large number of areas is corrected.

The Minister also said that there was all the more need to correct this fallacious duty structure in the wake of India entering into a host of trade agreements under which imports on a many items would eventually become duty-free or would attract minimal levies.

He further said that India is in the process of concluding a trade agreement with Asean and is moving ahead with EU on another trade and investment agreement. India has to occupy its place in the new global economic architecture and the trade agreements would help the domestic industry get access to global technology and markets. And if we let other countries take that space, we will not get it.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Wholesale Silver Jewelry

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