Stocks to watch: Videocon, Blue Star, Hitachi, MIRC Electronics, BPL, Whirlpool, Gitanjali, Titan Group
At present, 70% of the mobile handsets sold in India are imported.
The doubling of Clean Energy Cess from Rs 200 to 400 per tonne would further increase the input cost for domestic producers.
Customs and excise duty rates have been amended mainly to promote Make in India.
In a major relief to small companies, the government on Thursday relaxed Cenvat Credit Rules to exempt manufacturers paying excise duty of less than Rs 1 crore (Rs 10 million) from filing a declaration on the main inputs going into the finished goods
Excise duties on mobile phones to be 1% without CENVAT credit or 6% with CENVAT credit. This provision will have marginal impact on telcos.
Move seen as prelude to GST rollout; rules for Cenvat credit also likely to be simplified.
TDS on health insurance claim payments reimbursed to hospitals should be NIL
Ministry will give relief to exporters through a mechanism that will enable a timely refund of credit balance and time-bound refund of additional duty of customs.
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.
Experts said the rate hike would improve working capital position of the manufactures as it would correct the inverted duty structure but may lead to increase in price of the finished goods.
Meru Cabs, one of the first radio taxi services in the country, is contesting service tax notices sent to it since 2010 in the Bombay High Court.
The Institute of Chartered Accountants of India has shortlisted the changes it hopes to see in Budget 2017.
A neutral Budget for media and entertainment sector.
The key proposals from the IT industry that were not addressed included removal of dual levies on software products
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To get what it thinks are its dues, its brass have directed; construction, realty, renting of property, personnel supply, security & goods transport among those under lens
It is after the GST Network tallies invoice details with shipping bills that the refund claims can be processed. So, the refund could be delayed by over a month.
One of the grey areas is whether the anti-profiteering provisions can provide for a comparison of tax rates between the pre-GST and post-GST eras, says Niraj Bagri.
Pharma body wants all excisable goods used for R&D purposes should be exempted from central excise duty.
The government announced several incentives in the five-year Foreign Trade Policy.
Finance Minister Arun Jaitley had came out with a host of proposals last month.
Pushing people to litigation is a major source of tax uncertainty.
Excise duty on most products has been capped at 12.5 per cent
Top firms get GST notices on credit claims on Friday; replies sought within hours.
Urban markets account for the major share of total revenues.
There are both positive and negative impacts of the tax, but the net result for India's infrastructure sector is advantageous, says Vinayak Chatterjee.
LCD displays could be produced in India in the near future.
Stocks to watch: Container Corp, Snowman Logistics & Transport Corp
Indirect tax collections saw only a meagre 3.5 per cent growth, as mop-up from Customs fell sharply on account of a drop in imports.
Custom duties, a major concern for the oil sector.
Stock to watch: Shipping Corporation and Great Eastern Shipping
India's indigenous paper manufacturers are forced to use a variety of raw materials.
Indian economy about to take-off
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