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% :: empanelment :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: VAT Audit :: articles on VAT and GST in India :: VAT RATES :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: TDS :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4%
Customs and Excise »
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Seeks to amend Notification No. 27/2014-Central Excise
 Government doubles limit of excise duty evasion for arrest and prosecution
 Excise duty evasion limit to warrant arrest revised to Rs 2 crore
 Guidelines for launching of prosecution in relation to offences punishable under the Customs Act, 1962
 GST notification triggers uncertainty over excise duty
 Preparing for GST: govt looking at restructuring excise/customs cadre
 Refund of Terminal Excise Duty (TED) under Deemed Exports where Duty has been paid from CENVAT Credit and ab-initio waiver is not available.
 CBEC directs customs officials for random search of vessels
 Rate of exchange of conversion of the foreign currency with effect from 7th July, 2016

Customs Duty for consumer electronics under project imports should be reduced to 0%, says FICCI
February, 18th 2012

Customs Duty on Panels for LCD & LED TVs should be brought down to 0% and end user condition should be waived off.

> Import Duty on Set Top Box - increase the Customs Duty from 5% to 10%.

> Manufacturers who are selling items post imports has to undergo cumbersome refund process for getting back Special Additional Duty (SAD) allowed vide Notification. 102/97. The process of claiming refunds from customs is time consuming and normally takes 9 to 12 months for recovery. SAD levy should be removed both for trading and manufacturing items as it does not generate revenue for the Government. For traders, SAD is exempted and for manufacturers CENVAT credit available. More over this is adding to the transaction cost of companies.

> Customs Duty under project imports should be reduced from 5% to 0%.

> The Customs Duty for R&D items should be reduced to 0% to promote R&D activities in India. This is particularly important for air-conditioning, refrigeration and electronic industry.

> Customs duty relaxation should be allowed to units manufacturing Energy efficient products.

> Customs Duty relaxation should be allowed to parts, components, spares, raw materials, supporting machines, tools
and dies for manufacturers who adopt Non ODS Technology in manufacturing of products.

> Customs Duty on Magnetron should be reduced to 0% without IGCR condition. Magnetron is one of the most costly parts of Microwave.

> DVD Writer is a product which is in the Information Technology Agreement of India (ITA- 1 List), Government has thrust to promote manufacturing and Export of these products. The Customs Duty for import of parts & components should be fully exempted for DVD Writer.

> Customs Compliance to be shifted from current mode to Self compliance mode with stringent violations norms.

> Import of commercial items should be allowed in personal baggage for big manufacturers to meet contingencies.

> MRP based assessment for Home Appliance products should be increased to at least 45%.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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