Central Excise launches ACES in Delhi to ease service tax payers woes Home

September 30th, 2009 NEW DELHI - Time to say cheers! The Delhi government Wednesday decided to open 83 more liquor shops in the city and allow opening of alcohol vends in malls too, but said its excise policy encouraged consumption of mild liquor instead of hard drinks. The decision was taken by a Delhi cabinet meeting chaired by Chief Minister Sheila Dikshit.

September 25th, 2009 NEW DELHI - India's excise tax collection in August rose 22.7 percent from the previous month, while customs duty collection improved meagrely from minus 30 percent in July to minus 28 percent last month, a senior government official said here Friday. "The industry is showing signs of revival.

September 7th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee will inaugurate the two-day All India Annual Conference of the Chief Commissioners and Directors General of Customs and Central Excise here today. The Conference is being organized by the Central Board of Excise and Customs, Department of Revenue, Ministry of Finance from September 8 to 9 in the national capital.

August 25th, 2009 American Eagle launches service to Manhattan, Kan.FORT WORTH, Texas — American Eagle, the regional affiliate of American Airlines, on Tuesday began service between Dallas/Fort Worth International Airport and Manhattan Regional Airport in Manhattan, Kan., with two daily round-trip flights. The new service is operated with 50-seat Embraer ERJ-145 jets.

July 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee Monday proposed to extend the scope of presumptive tax to all businesses with a turnover of up to Rs.40 lakh. "This will facilitate the business operations of all small tax payers and reduce their compliance burden, the finance minister told parliament after tabling the union budget for 2009-10.

June 24th, 2009 NEW DELHI - The Associated Chambers of Commerce and Industry of India (Assocham) Wednesday urged the government to exempt infrastructure projects from excise, value-added tax (VAT) and central sales tax (CST) to make them more cost-effective. "On account of excise, VAT and CST, the capital costs of projects become dearer by over 20-25 percent which puts huge burden on companies commissioning infrastructure projects," said Assocham president Sajjan Jindal.

June 3rd, 2009 NEW DELHI - Indian IT hardware industry has called for parity in the countervailing duty (CVD) and service tax, levied on IT hardware products, in a pre-budget memorandum submitted to Finance Minister Pranab Mukherjee. It is strongly recommended that the rate of service tax be aligned to that of the excise duty/CVD to avoid structural anomalies, the Manufacturers' Association for Information Technology (MAIT) said in a statement Wednesday.

May 22nd, 2009 NEW DELHI - The Central Bureau of Investigation (CBI) has arrested an inspector of Customs and Central Excise for accepting a bribe of Rs.8,000, according to an official statement Friday. 'Vimil Kumar Sirohi, who is posted in the office of Commissioner of Central Excise at New Delhi here, was arrested Thursday for demanding and accepting a bribe of Rs.8,000 from the complainant,' it said.

May 5th, 2009 NEW DELHI - Two days before polling in the national capital, the Delhi election commission Tuesday said 265 people have been arrested for defacement of property and 341 people under the Excise Act. Since the model code of conduct came into force, Delhi Police have registered 348 cases under the Delhi Prevention of Defacement of Property Act and arrested 265 people.

March 13th, 2009 CHENNAI - The Central Board of Excise and Customs (CBEC) is hopeful of achieving its revenue estimates from excise, customs and service taxes this fiscal, a top official said here Thursday. 'Our revised estimate is Rs.280,000 crore (Rs.2,800 billion).

February 26th, 2009 NEW DELHI - A day after the central government announced 2-percent excise duty cut, some of India's commercial vehicle manufacturers Wednesday slashed prices across their trucks and bus line-ups to pass on the benefit to consumers. 'We are passing on the full benefits of the excise duty reduction,' a spokesman for Ashok Leyland said, adding that this would 'bring prices down on average slightly more than Rs.16,000'.

February 25th, 2009 NEW DELHI - Home Minister P. Chidambaram Tuesday said the 2-percent excise and service tax cuts announced by the government will boost production, and asked companies to pass on the benefits to consumers to 'stimulate demand'.

February 25th, 2009 NEW DELHI - India Inc Tuesday welcomed the government's decision to reduce excise and service tax by 2 percent besides extending 4 percent excise duty cut beyond March 31, and said this would further stimulate and strengthen the economy. External Affairs Minister Pranab Mukherjee - who is handling the finance portfolio as Prime Minister Manmohan Singh, who is heading that ministry, is recovering after a heart surgery - announced excise duty and service tax cuts by 2 percent in what is being touted as the third stimulus package to help corporate India tide over the impact of global economic crisis.

February 23rd, 2009 NEW DELHI - Gross revenue collection has doubled to Rs.6.7 trillion in the last five years, the government said Monday. 'This is the only government department which earns while the rest spend,' Home Minister P.

February 15th, 2009 NEW DELHI - The government hopes to earn around Rs.689 billion (Rs.68,900 crore) under the head service tax in 2009-10. It is the fifth largest tax revenue head for the government after the major heads like corporation tax, income tax, customs and excise.