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
Latest Expert Exchange
Customs and Excise »
 Central Board of Excise and Customs to be renamed CBIC by April
 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

Excise plugs introduced to check revenue leaks
July, 28th 2010

The excise department has introduced a multi-colour permits' system for import and export and has initiated other measures to plug loopholes that cause revenue leakages, chief minister Digambar Kamat said on Tuesday.

Replying to the debate on demands to the excise department, Kamat said computerization of records and distillery units is on the cards to enable the department to keep track of production in every unit.

All products will also carry holograms which will be checked before issuing transit permits. The Excise Act will be redrafted in a bid to introduce deterrence. Special squads too will be set up in border areas.

Kamat also said all states have been asked to submit monthly statements of exports in a bid to verify and prevent manipulation. Goa will also submit records, while the customs department will be contacted randomly to check exports.

Replying to opposition leader Manohar Parrikar's statement on the seizure of a truck carrying alcohol brought into Goa by a Zuarinagar-based company, Kamat said an inquiry is on to find out to whom it was dispatched. "Then we will take action," Kamat said.

Special status: With regard to the issue of special status for Goa, Kamat said if it had been done earlier, around the time of liberation, it may have been conceded to by the Centre.

Deputy speaker Mauvin Godinho suggested a last-ditch attempt be made by the CM leading an all-party delegation to Delhi.

Kamat, meanwhile, said the centre had granted a package of Rs 200 crore to celebrate Goa liberation's golden jubilee.

Commercial taxes : Addressing issues concerning the commercial taxes department, Kamat said Goa would soon move from VAT to goods and services tax (GST) regime. Central officials will come to Goa to explain the new system to local businessmen, he added.

The centre has proposed to sanction Rs 10 crore, while the state will contribute Rs 5 crore, to strengthen the commercial taxes department, Kamat said. He added that there are also plans to open sub offices in Pernem, Valpoi and Canacona for the benefit of traders. A facility for e-filing and e-declaring has also been proposed.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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