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% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: form 3cd :: articles on VAT and GST in India :: TDS :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT Audit :: ACCOUNTING STANDARDS :: cpt :: due date for vat payment
 
 
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

Mangalore Excise Commissionerate among top nine revenue generators
February, 24th 2012

The Central Excise and Service Tax Commissionerate has collected Rs 4,960 crore of Central Excise for the year 2010-11 duty making it the ninth top revenue yielding Commissionerate in the country. MVS Choudary, commissioner of Central Excise and Service Tax, the major revenue yielding commodities of Mangalore Commissionerate were petroleum products, ores and slags, and Iron and steel products. He said the major revenue yielding services of this Commissionerate were banking and financial services, port services, storage and warehousing service and works contract service. During the year 2010-11, this Commissionerate has collected Rs 260 crore of Service Tax.

He said the anti evasion team of this department has cracked down on tax evaders and unearthed duty evasion of Rs 1.50 crore in five Central Excise Cases as on date. The anti-evasion team was also successful in detecting service tax evasion of Rs 6.66 crore in 35 cases and recovering Rs 2.68 crore as on date. The modus operandi adopted by the tax evaders are - collection of service tax from their clients but not declaring and paying to the department; Rendering of taxable service without obtaining Registration and payment of service tax and Misinterpretation of exemption notifications.

The audit team also detected short levy of Service tax and Central Excise to the tune of Rs.47.45 crore and recovered Rs 9.48 crore. Major cases of import of taxable services on which service tax has not been paid and irregular availment of cenvat credit have been detected, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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