Latest Expert Exchange Queries

Make 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) | 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: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: list of goods taxed at 4% :: VAT RATES :: ACCOUNTING STANDARD :: cpt :: TDS :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment
Customs and Excise »
 Allocate the charges amongst the Members of the Central Board of Excise and Customs
  Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 4 new members appointed in Central Board of Excise and Customs
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
 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

Excise officials to act tough against MRP violations
July, 06th 2012

In less than a week of the new excise policy coming into force, the authorities have focussed on curbing violations of Maximum Retail Price (MRP) by new licensees in a bid to earn higher profits.

Commissioner of Excise Sameer Sharma on Wednesday issued a circular announcing the decision to open retail outlets on the premises of 18 depots of AP Beverages Corporation Limited in 15 districts to stabilise the MRP. They will function under the control of excise supervisory officers at the depots.


The depots where the shops will come up are: Hyderabad, Nizamabad, Nalgonda, Warangal, Karimnagar, Khammam, Kurnool, Prakasam, Tenali, Vijayawada, Gudivada, Rajahmundry, Visakhapatnam, Srikakulam, Eluru, Amalapuram, Mancherial, and Narsaraopet.

The Commissioner earlier directed all the Deputy Commissioners to submit certificates by July 7 to the effect that there were no unauthorised sale points in their jurisdiction. Further, the Excise Department insisted on the shop owners to install electronic billing machines within a month to issue cash receipts to customers.

This move was also aimed at checking MRP violations. The field officers of the department would organise checks of shops by decoys and book cases. The licences of shops would be consequentially suspended.

The billing machines were also supposed to generate daily stock statements of shops for submission to local excise stations at the end of every week.

The strict measures contemplated by government have been a deterrent to the sale of shops in the two rounds of draw of lots. The government on Thursday notified the third round of lots for the 632 unsold shops, including 81 in Hyderabad, on July 12.

A high licence fee of Rs. 1.04 crore in Hyderabad and Ranga Reddy districts has been cited as the reason for the shops not getting sold.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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