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Give input some credit, please

Millions of "input" tax credits are taken every day by manufactures and traders under the Cenvat Credit Rules for the purpose of paying and adjusting duty.Now, the very concept of input is in......

Taxpayers' right to be taxed the least

There are so many exemptions that one sometimes finds overlapping exemptions and two exemptions for the same item with slightly different nomenclature and conditions, says Sukumar Mukhopadhyay.The......

Exim matters: Transaction value is supreme

One of the bold proposals in the Finance Bill, 2007, is amendments in the law relating to valuation of imported and export goods. Apparently, the intention is to make the Indian Customs valuation......

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