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......

Consumer durables: computer tablets, LEDs to cost less

Budget provisions Basic customs duty on Organic LED (OLED) TV panels from 10% to Nil. Parts, components and accessories (falling under any Chapter) for use in the manufacture of tablet computers......

Get ready to pay more for smartphones, calls

Change in excise duty structure will, however, boost local manufacturing of handsets While the government’s move to change excise duty structures on mobile phones and tablets will promote......

Non ferrous metals: Import duties on aluminum, zinc raised

Budget Provisions Import duty up on Aluminium Custom duty on primary aluminium increased from 5% to 7.5% while Basic Customs Duty on Other aluminium products increased from 7.5% to 10%. Increase......