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

Coimbatore's growth is heartening'
July, 26th 2011

The revenue growth in Coimbatore is nearly twice as much as the all-India growth, said Kusum Satapathy, Chief Commissioner, Customs, Central Excise and Service Tax, at a function held in the city on Monday.

It is heartening to note that while the all-India revenue growth is only 30 per cent, the revenue growth in Coimbatore Zone is 65 per cent almost twice the all-India growth, she said at the Outreach Programme to New Assessees of Central Excise and Service Tax', organised by the Coimbatore office in association with the Coimbatore District Small Industries Association.

Ms. Satapathy released a handbook on Service Tax in the presence of C. Rajendiran, Commissioner of Customs, Central Excise and Service Tax, M. Kandhaswami, president, CODISSIA, Raviselvan and P. Muthusamy, Additional Commissioners, Central Excise and Service Tax and S. Surulivel, Honorary Secretary, CODISSIA.

The surge in all-India revenue collection was reflected in the five commissionerates in Coimbatore Zone as well. During the period April June 2011, the Coimbatore Zone had collected total duty/ tax of Rs. 585 crore. For the corresponding period last year it was Rs. 354 crore. The growth was 42 per cent in Customs, 86 per cent in Central Excise and 31 per cent in Service Tax.

She said the shift from control-based regime to self-assessment-based system was the hallmark of the trust reposed by the Government on trade and industry. The stand-alone, customised and user friendly software ACES on the Central Excise and Service Tax side and ICES 1.5 on the Customs side only reinforced the intention of the Central Government to create an uninterrupted platform for the officers to fulfil the role of facilitator in a meaningful manner.

The importance of being well-informed had a major role to play in a trust-based, self-assessment regime. While the need to be well informed was applicable to both officers as well as the trade and industry, the advantage of being well informed was more for the trade and industry, as this would help them to run their business in a safe mode without attracting the penal provisions, interest clause and the deterrent action for non compliance and duty evasion.

She congratulated the Coimbatore Commissionerate for conducting a number of in-house capacity building programmes for officers.

Earlier in the day she launched the facility to file online the drawback shipping bills. The implementation of drawback bills under ICES 1.5 would replace the existing practice of filing of manual shipping bills and the issuance of drawback cheque manually.

It would also spare the exporters of the trouble of visiting the customs stations for filing documents.

Mr. Rajendiran said for the country to become a superpower a robust tax administration was necessary and added that the Coimbatore Commissionerate was moving towards providing such an administration. Mr. Kandhaswami welcomed the gathering.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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