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  • Business

Enhance custom duty on steel long products

Steel is closely linked with production activities in various sectors of the economy. Being the basic material for development of economic and social infrastructure, steel is used for producing......

Auto components will not worsen further

Budget Highlights Increased excise duty by 2 per cent on auto components Retained the custom duty rates on auto components Basic customs duty on non-alloy HR and CR coils hiked from 5 per cent to......

Chlor Alkalies: No customs duty on coal to benefit some

The following changes in the duties have been proposed in the Union Budget 2012-13: Excise duty up from 10% to 12% Steam coal is being fully exempted from basic customs duty. CVD is also being......

Paper to benefit from removal of customs duty

Budget Provisions Excise duties on paper and paperboard (P&B) and pulp have been increased by 1 per cent. Imposed an excise duty of 6 per cent on wastepaper Waste paper is being fully exempted......

Experts share their view on the Budget

It is surprising to see that there is no direct focus being given to the IT industry in the budget this year.World over, this decade is defined as a decade of information technology driven......

  People speak for cenvat credit on capital goods

  • QNA
Q. what is cenvat credit and what is the role of cenvat credit in service tax?

ritesh gupta
Q. difference between cenvat credit on input and capital goods
Ritesh Gupta:  A. CENVAT (Central Value Added Tax) credit is the the set off of the duty paid on inputs and capital goods and also service tax paid on input service...... more

ritesh gupta
Q. What is cenvat credit? Is there any difference between cenvat and modvat?
Ritesh Gupta:  A. In India, an excise tax is levied on the manufacturer of goods when those goods leave the place of manufacture. Formerly called the Central Excise...... more

joyesh chakraborty
Joyesh Chakraborty:  A. --------------------------------------------------------MAIN POINTS:* Total plan spending in 2008/09 seen at 2.4 trillion rupees ($60.3 billion)....... more

joyesh chakraborty
Q. Pl explain C E N V A T...related to excise and value added tax
Joyesh Chakraborty:  A. The definition of Capital Goods, Exempted Goods, Final products and the inputs has been provided in Rule 2 of CENVAT Credit Rules, 2002. It also...... more

  Web results for Cenvat Credit On Capital Goods
Some pre-poll rule changes

made some useful amendments to the Foreign Trade Policy (FTP) and gave some additional benefits to exporters before the election code of conduct... ...
Fighting through interim budget

In what seems to be the last major opportunity for the ruling UPA government before the ensuing polls to present its case, the finance minister P... ...
Decoding The Interim Budget!

|18:06, Updated at Mon, Feb 24 at 18:06Source : By: Anjlika Chopra, Director & Ankur Bansal, Manager, Deloitte... ...
J M Shanti Sundharam

The excise duty reduction for automobiles, mobile handsets and consumer goods would both spur manufacturing and bring more revenue to the exchequer... ...
No change in income tax slabs, excise slashed (Overview)

Tags: Budget 2014-15, P Chidambaram, Interim budget, India economy, India budget, Vote on Account, India tax, Excise duty Pic... ...

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