« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  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.