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: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: cpt :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: form 3cd :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: empanelment :: due date for vat payment
 
 
Customs and Excise »
 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.
 4 new members appointed in Central Board of Excise and Customs
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.

Luxury cars to be costlier despite CKD custom duty cut
March, 24th 2011

Luxury car prices will rise but not as high as expected thanks to the halving of customs duty to 30% on completely knocked down (CKD) kits for pre-assembled engines, gearbox and transmission, according to experts.

"It (the decision to lower duty) will definitely provide a relief to the automobile industry. Although the prices of luxury cars will rise, it will not be as steep as it would have been earlier," KPMG Executive Director Pratik Jain told PTI.

He was responding to Finance Minister Pranab Mukherjee's decision to reduce the basic customs duty from 60% to 30% on CKD kits containing a pre-assembled engine, gear box, transmission assembly imported for the manufacture of vehicles.

While presenting the Budget 2011-12, Mukherjee had excluded units containing a pre-assembled engine or gearbox or transmission mechanism or chassis from the purview of CKD.

Although the other CKD parts continue to attract customs duty of 10%, for the specified parts of pre-assembled engine or gearbox or transmission, it became 60%.

MS Mani, Indirect Tax expert at Deloitte India said the partial withdrawal of the sharp increase in customs duty will "largely benefit luxury car manufacturers and customers wanting to buy these cars".

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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