CBEC must aim at 22% growth in service tax collection: Das

Last Updated: Monday, August 24, 2015, 23:15

Concerned over low service tax realisation, Revenue Secretary Shaktikanta Das Monday asked the CBEC (Customs, Central Excise and Service Tax) to analyse revenue mop-up sectorally and ensure that it grows by 20-22 percent in the fiscal.

Finance Ministry reduces penalty for customs duty fraud by 10%

Last Updated: Tuesday, June 23, 2015, 15:02

The penalty in cases of customs duty fraud has been reduced by 10 percent by the Finance Ministry.

Central excise arrears rise to Rs 59,309 cr in FY'14: CAG

Last Updated: Tuesday, May 5, 2015, 14:54

Tax arrears towards central excise rose to Rs 59,309 crore in 2013-14, from Rs 45,463 crore a year ago, government auditor CAG said on Tuesday.

PAN mandatory for central excise registration

Last Updated: Monday, May 4, 2015, 15:44

Permanent Account Number (PAN) has been made mandatory for private firms seeking central excise registration.

Excise duty hike on petrol, diesel to yield Rs 20,250 crore more

Last Updated: Tuesday, February 24, 2015, 20:18

Government will raise additional revenue of Rs 20,250 crore through hike in excise duty on petrol and diesel announced since November in 2014-15 financial year, Parliament was informed Tuesday.

Sebi to hire tax sleuths to beef up enforcement operations

Last Updated: Sunday, February 1, 2015, 15:53

Armed with powers to carry out search and seizure as well as arrest violators, the market watchdog has been cracking the whip on illegal money pooling activities.

'CAs should act as bridge between assessees, authorities'

Last Updated: Saturday, September 7, 2013, 17:46

The seminar was organised by Central Excise and Service Tax Commissionerate.

Central Excise Chennai finds tax evasion of Rs 560 cr in FY13

Last Updated: Sunday, April 7, 2013, 11:57

The Central Excise Intelligence, Chennai Zone, has detected 164 cases involving excise and service tax evasion of Rs 560 crore in 2012-13.

Govt detects Rs 2540 cr evasion of excise, service tax

Last Updated: Monday, April 1, 2013, 20:31

The Mumbai unit of Directorate General of Central Excise Intelligence has detected over 464 cases involving the evasion of excise duty and service tax to the tune of Rs 2,540 crore, and recovered Rs 230 crore during the last fiscal.

CBI arrests excise officer on bribery charges

Last Updated: Tuesday, March 26, 2013, 21:17

CBI has arrested a central excise superintendent in Kolkata for allegedly taking Rs 3.5 lakh bribe from a resort manager.

30k officers of central excise, customs to go on 3-day strike

Last Updated: Sunday, March 24, 2013, 12:31

About 30,000 officers of Central Excise and Customs will observe a 3-day nationwide strike beginning March 29, protesting against the working conditions and "delayed" promotions.