« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  CBDT reopens 400 PE, M&A deals... ‘Pay advance tax before deadline’... » Rs 10 cr central excise duty evasion detected December, 13th 2007 The Central excise duty evasion amounting to Rs 10 crore was unearthed by Directorate of Central Excise Intelligence on wednesday after conducting raid on two Himachal Pradesh based LPG Cylinder manufacturers for allegedly misusing tax exemption announced by the union government. The companies, having their manufacturing facilities in Una district of HP, had allegedly claimed 'Area Based Exemption' to the tune of Rs 10 crore by showing 25 per cent expansion in their units during year 2003, a stipulation laid down by union government for claiming tax exemption. However, the investigation conducted by excise sleuths revealed that actually the companies had not undertaken any expansion programme, said sources. "They just procured fake bill of machinery from a Ghaziabad based supplier in a bid to show purchase for expansion purposes," said a senior official on the condition of anonymity while adding that the supplier had admitted that he did not supply any machinery to them. As per finance ministry notification, if any existing manufacturing unit expands itself by 25 per cent after January 7, 2003 then it would be eligible for tax exemption. The raids were being carried out simultaneously by a team of excise sleuths at Una in HP and Delhi.