Duty Cut

  • Govt may go slow on tax refunds, oil duty cut May 25, 2011

    New Delhi: Worried that high inflation and moderating growth could impact tax collections in 201112, the Government on Tuesday indicated that it may go slow on tax refunds and refrain from reducing duties on petroleum products. The indications were given by top revenue official at the annual meeting of senior Income...
  • Customer's the king as small car prices fall March 2, 2008

    Mumbai: Even as the compounded benefits from the Union Budget are being analysed, car manufacturers have already announced a reduction in their small car prices. The reduction in the prices is a result of Finance Minister P Chidambaram's announcement of lowering the excise duty of small cars. A four per cent cut...
  • Cheer! Imported liquor has just got cheaper July 3, 2007

    New Delhi: Cheer! Your favourite foreign brands of whisky, wine or champagne have just become cheaper. The Union Government on Tuesday scrapped additional customs duty on imported liquor, wine and beer following a complaint by the European Union and the US in the WTO. Additional duty of customs in lieu of...
  • Chambers welcome duty cut on cement June 20, 2007

    New Delhi: The domestic industry on Thursday welcomed the Government move to reduce excise duty on cement but expressed disappointment over continuation of Fringe Benefit Tax on Employees Stock Options Plan (ESOPs). "Moderation in excise duty on cement will amount to containment of prices and provide respite not only to the...
  • Deora pushes for duty cut on petrol June 20, 2007

    New Delhi: The Union Budget might bring down the excise duty on petroleum product slightly, leading to a subsequent reduction in petrol and diesel prices. Petroleum Minister Murli Deora dropped such a hint on Monday when he said a reduction in auto fuel prices is necessary at this moment in...
  • Sonia backs duty cut in fuel price December 20, 2006

    New Delhi: Will the Finance Minister P Chidambaram givein and cut excise duties on petrol and diesel? That seems to be the hope of the Petroleum Ministry. CNNIBN learns that 2007 Budget may reflect a change and this time Congress president Sonia Gandhi is backing the duty cut. Ten Janpath's call...
  • Tea exports surge as Egypt cuts duty October 22, 2006

    Kolkata: India's tea exports to Egypt have surged after the later slashed import duties recently, according to Tea Board Chairman Basudeb Banerjee. India exported one million kg of tea to Egypt in the first six months of 2006 as against 70,000 kg last year, Banerjee said. For the current year till...
  • Maruti cuts car prices; Santro, i10 too cheaper March 1, 2005

    Mumbai: India's top car maker Maruti Suzuki Ltd said on Friday it had cut prices of some models following a government proposal to trim tax on small cars. The Finance Minister, in the Union Budget for the fiscal year 2008/09, cut excise duties on small cars, as well as buses and...