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Year of disappointment for auto industry

"A promise is a promise," said Ratan Tata while unveiling the Nano at the beginning of the year, putting India on the global automotive map. However, the year 2008, which began with a bang, ended......

Few takers for auto loans

In spite of the fall in car prices triggered by the government's decision to reduce Cenvat, auto loan off-take has failed to pick up.Bankers and car financiers say the demand for car loans had not......

Hyundai cars cheaper by up to Rs 44,792

Responding to Centre's reducing CENVAT by four per cent,Hyundai on Monday slashed the prices of all its models by up to Rs 44,792. The company reduced the prices of its flagship brand Santro......

Govt announces package to boost economy

The government on Sunday effected an across-the-board four per cent cut in CENVAT that will bring down prices of cars, cement, textiles and other goods as part of an economic stimulus package that......

Budget tips to simplify Cenvat

The new Cenvat rules continue to be restrictive and the rigid definitions adopted make the rules complicated and will lead to a lot of litigation in the future.Judging by the number of crucial......

Non service providers can't claim Cenvat

The revenue department has clarified that a person who is not a service provider but discharges service tax liability on taxable services is not eligible to claim input credit or Cenvat.The......
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