New Delhi: Finance Minister Pranab Mukherjee is likely to lay down a road map for effective governance in the process of increasing indirect tax collections at the Central Board of Excise and Customs (CBEC) meet on Monday. Pranab will inaugurate the 27th Annual Conference of Chief Commissioners and Directors General of Customs, Central Excise and Service Tax. "The two-day conference will deliberate... issues relevant to indirect tax administration with the...
08:43 AM, Jun 04, 2012
Mumbai: The Intelligence Unit of the Customs department has seized the luxury yacht of industrialist Gautam Singhania following violation of customs norms, sources said on Saturday. The tri-deck luxury yacht MY Ashena belonging to Singhania, chairman and managing director of Raymonds Ltd, was registered in a foreign country though it was constructed in Gujarat. As per customs regulations, a yacht or any vessel registered in a foreign country can be...
08:36 AM, Jun 03, 2012
THIRUVANANTHAPURAM: Julien Gueguen-Carroll, an advocate, and his bride-to-be, Clara Cressy from Paris, would enter wedlock in the city at a rare Energy Wedding to be held at Isa Viswa Vidyalayam in Anayara on Friday.The wedding is hosted by the Global Energy Parliament, an international body of Isa Viswa Prajnana Trust. Energy wedding aims atspreading awareness against blindly following rituals. During the ceremony, the bride and bridegroom will be given special...
11:28 AM, May 18, 2012
New Delhi: Finance Minister Pranab Mukherjee is expected to reply on Tuesday to various proposals in his 2012-13 budget. The Finance Minister will be seeking Parliament's approval to move the Finance Bill and is likely to relook at some of the controversial proposals, such as changes in the tax laws that would impact Vodafone and the implementation of the General Anti-Avoidance Rules (GAAR). Sources point out that a major rollback...
07:14 AM, May 08, 2012
New Delhi: Tax authorities have asked debt-laden Kingfisher Airlines to clear service tax dues of Rs 60 crore at the earliest, a top finance ministry official said on Wednesday. "There is no question of leeway to Kingfisher on payment of service tax," SK Goel, chairman of India's Central Board of Excise and Customs, told reporters. Goel also said the airline's bank accounts have been defrozen. Kingfisher's billionaire chairman Vijay Mallya...
03:08 PM, Apr 04, 2012
New Delhi: The revenue department has threatened to take Kingfisher Airlines to the court over alleged Service Tax evasion, saying the company has not deposited taxes it collected from travellers. "They (Kingfisher) have to face the court... Evasion has already taken place... They can even be jailed," Central Board of Excise and Customs (CBEC) Chairman S K Goel told reporters in New Delhi. He was replying to a question on...
04:39 PM, Mar 17, 2012
Graphical representation of the highlights of Pranab Mukherjee's Union Budget for 2012-13. ...
03:32 PM, Mar 16, 2012
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 was a sense that the world economy was on the mend. The Budget was presented in the first glimmer of...
01:19 PM, Mar 16, 2012
Mumbai: In the latest incident of duty evasions by the actors, the custom officials fined actor Dia Mirza a sum of Rs 1.25 lakh at the Mumbai International Airport on Saturday. The penalty was imposed on the actor for carrying undeclared goods while returning returning from Bangkok. She was let off after paying the fine. Mirza was carrying undeclared items worth Rs 2 lakh upon her arrival at Mumbai airport,...
10:30 AM, Jan 07, 2012
Chennai: Finance Minister Pranab Mukherjee on Friday held discussions on ways to step up revenue collection for 2011-12 with top officials of Central Board of Excise and Customs (CBEC) and Central Board of Direct Taxes (CBDT). The meeting discussed steps for augmentation for revenue in the remaining part of the financial year, an official release said. In his address, Mukherjee suggested that the officials focus on litigation in various appellate...
10:19 PM, Jan 06, 2012
People across the world have interesting customs to bring good look in the year ahead. ...
02:13 PM, Dec 31, 2011
Kochi: Customs on Saturday alleged that "flight delays and difficulties" faced by international passengers of Air India flights last week at Cochin International Airport was due to the non-observance by Air India of Customs Rules and Procedures that gained importance in light of global terrorist activities. In a statement, Customs said last week s delay of Muscat and Sharjah bound Air India flights from the International Airport at Nedumbassery near...
05:55 PM, Sep 17, 2011
Mumbai: TV and film producer Ekta Kapoor was on Sunday night detained at the Mumbai International Airport for alleged duty evasion, customs officials said. Ekta was intercepted by customs personnel when she was passing through the green channel after landing at the airport from Bangkok, they said. "She was found carrying personal goods for which she did not pay customs duty," said a customs official on the condition of anonymity....
09:26 AM, Aug 08, 2011
New Delhi: Bollywood actor Anushka Sharma was detained for around nine hours on Monday and was let off around midnight. Anushka had undeclared goods worth Rs 35 lakh. Anushka says she had declared the goods on departure. But Customs says she did not have the requisite 'export certificate', and certificate from brands is not enough. Customs suspects Anushka bought the jewellery and expensive watches abroad. Customs officers recorded Anushka's oral...
03:07 PM, Jun 28, 2011
Anushka Sharma was let off after nine hours of questioning - for carrying unaccounted diamonds back from Toronto. ...
12:29 PM, Jun 28, 2011
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