Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TDS :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: form 3cd :: empanelment :: VAT Audit :: ACCOUNTING STANDARD
 
 
Customs and Excise »
 The Customs and Central Excise Duties Drawback Rules, 2017 and All Industry Rates (AIRs) of Drawback related changes
 The Customs and Central Excise Duties Drawback Rules, 2017
 Man fleeing from Customs arrested
 Refund of amount on account of double-payment of Customs
 SC paves way for trial against RIL in 1987 excise evasion case
 GST: Govt sets up panel to receive profiteering complaints
 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.

Budget 2011: FIEO demands nil rate of customs duty on import of waste paper, wood pulp & coal
February, 10th 2011

FIEO has demanded nil rate of customs duty on import of waste paper, wood pulp & coal. Paper production in India is very low at 14% compared to 60% in developed countries. Therefore, paper industry in India depends on import of waste paper for manufacture of paper/paperboards.

Reuse of waste paper in paper manufacture encourages recycling and is an environment friendly practice. Besides, waste paper, virgin pulp is another important raw material for the paper industry. Certain type of pulps such as Softwood Chemical Pulp and Mechanical Pulp (Hardwood and Softwood) are not available in India due to non availability of raw material. Further, imported coal now attracts an effective Customs duty of 5.15%.

FIEO has also suggested that import duties on timber/logs in rough and processed forms be reduced to 0% and 5%.

FIEO cites that earlier the import duties on timber/logs in rough and processed forms were zero (0%) and five (5%) percent respectively. At present they are at 5% and 10% respectively. It has put additional cost burden on exporters of wood and wood products

Import duty worldwide at present is ranging between 2.5% and 5%. The growth of the Industry will accelerate and there would be more employment generation in the rural and remote areas if the import duty is brought down to zero percent for rough and unprocessed logs/timbers and 5% for the processed timbers and wood based products as they were prevailing in the yester-years. It results into considerable increase in their cost of production resulting their product became uncompetitive to sustain in the international market in comparison to other exporting countries.

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

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