Excise Duty

  • Maruti, Hyundai cut prices after excise duty reduction 19-02-2014 05:04 PM

    The country's biggest car makers, Maruti Suzuki India (MSI) and Hyundai Motor India, on Wednesday cut prices after excise duty on automobiles was reduced in the Interim Budget. While MSI's price cuts range between Rs 8,502 and Rs 30,984 across its models, Hyundai has slashed prices by between Rs 10,000...
  • A Billion Votes: Politics behind the Interim Budget 2014 17-02-2014 07:30 PM

    In an election year, Finance Minister P Chidambaram presented an Interim Budget shorn of rhetoric and stuck to highlighting the Congress-led UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections, the Finance...
  • Watch: Experts rate P Chidambaram's interim budget 17-02-2014 01:19 PM

    In an election year, Finance Minister P Chidambaram presented an Interim Budget on Monday highlighting the Congress-led UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections, the Finance Minister tinkered with excise...
  • FM slashes excise duty for automobiles, leaves taxes unchanged 17-02-2014 01:10 PM

    New Delhi: Leaving direct taxes untouched, Finance Minister P Chidambaram on Monday slashed excise duty on cars, SUVs and two-wheelers, and capital goods and consumer durables to boost manufacturing and growth. Presenting the Interim Budget for 2014-15, he also provided service tax exemption for storage and warehousing of rice like...
  • Budget 2014: Cars, SUVs, 2-wheelers to cost less on excise duty cut 17-02-2014 01:06 PM

    New Delhi: Prices of automobiles, including cars, sports utility vehicles and two-wheelers, are set to come down with Finance Minister P Chidambaram on Monday announcing a reduction in excise duty in the interim Budget. "To give relief to the automobile industry, which is registering unprecedented negative growth, I propose to...
  • Budget 2014: FM cuts excise duty, woos youngsters, taxes unchanged 17-02-2014 01:05 PM

    New Delhi: In an election year, Finance Minister P Chidambaram presented an Interim Budget shorn of rhetoric and stuck to highlighting the Congress-led UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections,...
  • Budget 2014: Watch P Chidambaram's full speech on vote on account 17-02-2014 12:37 PM

    Finance Minister P Chidambaram on Monday refuted the allegations of policy paralysis saying the UPA-II has brought schemes and has contained the fiscal deficit. Chidambaram also announced excise cuts, leading to cars, mobile phones and two-wheelers getting cheaper even as not sops were announced. ...
  • 'Pan Parag' under scanner for Rs 20 crore excise duty evasion 28-01-2014 04:03 PM

    The manufacturer of 'Pan Parag' masala has come under the scanner of revenue department for allegedly evading excise duty worth over Rs 20 crore. A case has been registered against the Baroda manufacturing unit of Pan Parag India Ltd by excise department officials for the alleged evasion, official sources said...
  • Baba Ramdev's firms evaded excise duty worth over Rs 20 crore 04-10-2013 07:29 PM

    Dehradun:Central Excise sleuths raided the firms of yoga guru Ramdev and claimed to have detected evasion of excise duty of over Rs 20 crore. The Excise officials raided the firms of Ramdev in Uttarakhand on Thursday and found that they were not paying excise duty on a number of cosmetic...
  • Budget 2012: Full text of Pranab Mukherjee's speech 16-03-2012 01:19 PM

    Budget 2012-2013 Speech of Pranab Mukherjee Minister of Finance March 16, 2012 Madam Speaker, I rise to present the Union Budget for 2012-13. For the Indian economy, this was a year of recovery interrupted. When one year ago, I rose to present the Budget, the challenges were many, but there...
  • Maya for removal of central excise duty on diesel 28-06-2011 06:51 PM

    Lucknow: Uttar Pradesh Chief Minister Mayawati on Tuesday demanded that Prime Minister Manmohan Singh should abolish central excise duty on diesel and roll back recent hike in prices of diesel, petrol, LPG and kerosene oil. "The Chief Minister has sent a letter to the Prime Minister requesting him to abolish...
  • Govt may remove excise duty on branded clothes 30-03-2011 03:19 PM

    New Delhi: The government is considering to roll back 10 per cent excise duty on branded garments, due to large scale protest by industry bodies in many parts of the country, including West Bengal, which goes to polls next month. "The excise duty on readymade garments is being opposed heavily,...
  • Mobile phones to cost more from April 1 28-02-2011 07:52 PM

    New Delhi: Mobile handset prices will become more expensive as Finance Minister Pranab Mukherjee on Monday announced one percent hike in the Central Excise duty for 130 items, including phones. Come April 1 and central excise duty on mobile phones will be raised from the current 4 per cent to...
  • 130 items to be exempted from excise duty 28-02-2011 01:43 PM

    New Delhi: The government has decided to withdraw excise duty exemptions from 130 items, mostly consumer goods, with a view to align the taxation system with the proposed goods and services tax (GST), Finance Minister Pranab Mukherjee said on Monday. "I propose certain changes in the central excise structure to...
  • Will Budget 2011 change your smoking habits? 27-02-2011 07:59 PM

    Will the Finance Minister be the final straw in your giving up your smoking habit? The budget is the time of the year when the excise duty rates on how much cigarettes will be taxed is announced. Usually, these taxes are passed on to the end consumer. So, if cigarette...
  • Central Excise - the engine of economic growth 27-02-2011 01:04 PM

    A special focus show on the instrumental role of Central Excise and Customs in the development of Indian economy. ...
  • Axe the Tax: CNN-IBN meets Pranab Mukherjee 26-02-2011 09:45 AM

    New Delhi: While corporates and political parties lobby for better deal, ordinary tax payers are the ones who often get a raw deal during the budget. ‘Axe the Tax’, a CNN-IBN campaign has been taking people’s concerns to the Finance Minister for the last four years. Powered by citizens, the...
  • Excise hike of 2 pc likely in Budget 2011: SMC 20-02-2011 11:33 AM

    New Delhi: The government is likely to increase excise duty by 2 per cent in sectors like FMCG and automobiles, as well as raise service tax, in the forthcoming Budget to reduce the fiscal deficit, a report said. SMC Global Securities Ltd, in its forecast for the 2010-11 Budget, said...
  • Expert Speak: The latest stimulus for India 25-02-2009 01:49 AM

    Pranab Mukherjee announced further cuts in indirect taxes. ...
  • Customer's the king as small car prices fall 02-03-2008 01:35 AM

    Thiruvananthapuram: The Kochi Tuskers IPL franchise may have been terminated, but Kerala cricket buffs can now await the entry of T20 team Kerala Strikers in the Celebrity Cricket League (CCL) representing movie actors from the state. The team will be captained by southern superstar Mohanlal, who co-owns Kerala Strikers along...
  • Pharma industry welcomes excise duty cut on drugs 29-02-2008 05:12 PM

    Mumbai: Former India captain Sourav Ganguly was on Monday offered the chairmanship of the technical committee of Board of Control for Cricket in India (BCCI). BCCI's newly appointed president N.Srinivasan, after Annual General Meeting (AGM), said that Gavaskar, also a former captain, has written to the BCCI to be relieved...
  • Your budget: Two siblings on their expectations from FM 26-02-2008 08:32 AM

    Karachi: Pakistan's under-fire cricket board and some of its finest ever players and administrators are on a collision course over an ICC directive designed to free the game from government interference. Pakistan is one of three countries, along with Bangladesh and Sri Lanka, where the government calls the shots in...
  • Budget Chat: Excise on telecom needs to be reduced 25-02-2008 04:52 PM

    Colombo: Australia captain Michael Clarke geared up for the forthcoming three-Test series against Sri Lanka with an impressive century in a warm-up match, which ended in a draw on Saturday. Clarke cracked one six and 12 fours in his 104 before retiring as the tourists were bowled out for 393...
  • Budget likely to cut excise duties to boost manufacturing 22-02-2008 05:45 PM

    London: England's middle-order maestro Kevin Pietersen on Friday said that using up as much of the new ball as possible is part of a team strategy that helps their batsmen in notching up big scores. One of the principles our team lives by is using up as much of the...
  • India plans duty cut to make petrol price hike pinch less 24-01-2008 11:05 AM

    Lahore: Pakistan Cricket Board (PCB) has once again given an opportunity to leg-spinner Danish Kaneria to get clearance from the integrity committee of the board and make himself available to play for the national team. A senior official of the PCB told PTI that the Board had sent a letter...
  • Who says luxury is unreasonable? 26-02-2007 08:29 PM

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