Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: ACCOUNTING STANDARDS :: form 3cd :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: cpt :: VAT RATES :: empanelment :: Central Excise rule to resale the machines to a new company :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4%
Customs and Excise »
 Central Board Of Excise & Customs New Delhi GST Flyers
 Hike in customs duty on electronics likely to boost revenue collection
 Customs duty raised on electronic goods
 Ministry Of Finance (Central Board Of Direct Taxes) Notification
 Refund of IGST paid on export of goods under rule 96 of CGST Rules,2017
 Customs And Central Excise Drawback – Part II
 Customs Valuation (Determination of Value of Imported Goods) Rules 2007
 Amendment to Customs Valuation Rules – Notification No. 91/2017 (NT)
 GST on Custom House Agents
 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

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 2018 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