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Category Archives for "ID.TAX"

SURAKSHIT-CBEC’s Information Security Newsletter

Central Board of Excise and Customs (CBEC) the custodian of the country’s central indirect tax data, launches “SURAKSHIT”, an information security newsletter. Surakshit is a bi-annual newsletter, published for the purpose of exchange of ideas and information related to the field of information security like emerging issues, security tips, interesting news snippets, etc… CBEC has […]

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Maruti SX4 and Corolla Altis to attract lower excise duty

Central Board of Excise and Customs (CBEC) recently, by a circular clarified that Maruti SX4 and Corolla Altis are called and traded as sedans and they will not come under the category of SUVs(at 30 %) even, these comes under the prescribed specifications. Thus, Maruti SX4 and Corolla Altis will now attract 27 % excise duty instead of 30 % . Reductions in excise duty will be relief to these auto makers when there is a drop down in sales.

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Import duty on Sugar increased to 15 per cent

At last demand of Indian Sugar Mills Association(ISMA) and the National Federation of Cooperative Sugar Factories (NFCSF) for increasing demand duty has been met. Import duty on sugar to 15 % from 10 % will helps to reduce importing of sugar. Meeting was conducted in the presence of Finance Minister P. Chidambaram, Agriculture Minister Sharad Pawar

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