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: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT RATES :: form 3cd :: empanelment :: VAT Audit :: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Customs and Excise »
 Central Board of Excise and Customs to soon notify new procedural framework
 CBEC set to be Central Board of Indirect Taxes and Customs
 Govt to give customs, excise duty benefits to boost solar rooftop sector
 Clarification regarding posting of Central Excise officer in Cigarette units-reg.
 Ensure transparency in excise department working: Bizmen to government
 It is time to review the customs duty on essential food imports
 Migration to GST of existing Central Excise / Service Tax Assessees
 Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017
 Budgetary Changes In Customs
 Customs and excise officials upset with GST administration deal with states
 Higher petro excise props up govt tax kitty

Excise collections down 47%
July, 24th 2009

Excise collections from northern India, comprising Punjab, Himachal Pradesh and Chandigarh, have declined by 47 per cent, while the customs duty collections dipped by 13.16 per cent in the first quarter of the current fiscal.

The total collections of central excise in the northern India fell to Rs 74.52 crore as on June 30 from Rs 140.04 crore in the corresponding period of last fiscal.

"The excise mobilisations are hit due to reduction in excise duty rates announced by the Centre," an official of the Central Excise Department said.

In addition to it, regular power shutdown, along with the impact of the global economic slowdown, was also the reason behind the fall in excise collections, he said.

Significantly, the excise collections in 2008-09 moved down by 40 per cent to Rs 614.28 crore as on March 31, 2009, compared with Rs 1,528.96 crore in the previous year.

Custom collections also dipped to Rs 152.53 crore as on June 30, 2009, from Rs 175.65 crore in the previous fiscal, down by 13.16 per cent, the official said.

The department mainly collects excise from several sectors such as steel, chemicals, cement and tractors.

However, collections from service tax grew to Rs 156.31 crore in the first quarter from Rs 142.80 crore, up 9.46 per cent.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

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