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

Excise department on drive to recover 219cr in dues
May, 17th 2014

With the target to recover an outstanding of a whooping Rs 219 crore, the excise department is gearing up for a special three-month recovery campaign against liquor contractors. The campaign will begin from May 15 and strategy has been finalised to exercise all available options, including freezing of accounts, auction of properties and publicizing names in the newspapers. However, in many cases these options are feared to prove ineffective since many defaulters had long ago transferred their properties and assets to their family members hence leaving the department crippled.

The dues of liquor contractors to the state government total Rs 219.83 crore, which is quite an alarming figure. Major outstanding arise from back out tender cases in which the contractors failed to fulfill the contract terms. In many places, cases have been pending since a decade or even longer. The excise department had earlier been scorned by the CAG and Committee for the Public Accounts for the recovery of the dues which have grown into a giant figure now. Hence, to clean up its tarnished image, the excise department has decided to take stern action against the defaulters.

In a letter to the district excise officers (DEOs), the excise commissioner has warned action against those who fail to achieve a minimum 10% of the outstanding dues in their respective region. Cases have been identified for recovery where the demand was created and now cleared from courts, sources said.

In case of non-recovery, the department may resort to available options including attachment of bank accounts, auction of properties and publicizing notices against the defaulters in newspapers, an official said. The DEOs were asked for a detailed strategy for the recovery and action on it during the campaign. In Udaipur district, Rs 398 lakh is the outstanding amount of which a sum of Rs 356 lakh is likely to fall under non-recoverable category and hence to be marked as 'write off' cases.

"Nearly eight cases are pending and we have already asked the government to write off Rs 356 lakh due from six cases since their properties have already been confiscated and there is no way to recover the huge amount," said Santosh Sharma, the district excise officer.

However, the officials have been asked to track whether any of the defaulters have earned immovable or movable assets in subsequent period which could now be claimed. In Udaipur, the oldest case for recovery has been pending since 1994 while the largest sum due is Rs 251 lakh from one Vinod Kumar of Chhoti Sadri who has no property or assets in his possession which can be impounded by the department. The deputy zila pramukh Shyamlal Choudhary is another defaulter against whom dues of Rs 41 lakh are outstanding but since he conducts his business activities in his wife's name, the department remains helpless.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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