Can lead to imprisonment up to seven years.
Petroleum subsidy for 2013-14 budget estimates is Rs 64,998 crore.
None of the demands of the industry were met.
The government on Friday slashed the import tariff value of gold to $535 per 10 gram and reduced the rate for silver marginally to $1,003 per kg due to weakening global prices of precious metals.
Ministry wants to abolish 2.5 per cent customer duty on petrol and diesel.
France, which stands by India in the fight against terrorism in all its forms, is fully engaged in mobilising the international community to sanction the terrorists responsible for this attack and freezing their financing networks.
Budget proposal increased Customs duty on imported vehicles.
But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.
Natural gas/Liquefied Natural Gas imported for power generation by a power generation company is being fully exempted from basic customs duty Budget provisions.
The tariff value of silver has, however, been hiked marginally to $1062 a kg
The Supreme Court has dismissed the appeal of ACC Cement, ruling that if a product is manufactured by one firm and sold by another with the latter's brand name, that sale would attract sales tax, not the first transaction.
Restoration of Customs duty on crude oil & rollback of exemptions likely.
Increase in first half of FY14 comes despite a fall in average crude prices; weak rupee helps.
While the ratio determines the extent to which the government is able to finance its expenditure, it is also an indicator of tax compliance. Developed countries have a higher contribution of tax to their GDP.
The tariff value, which is released every fortnight, is the base price on which the customs duty is determined to prevent under-invoicing.
Over 300 associations, that consists of over 3 lakh manufacturers, retailers, wholesalers and artisans among others, are participating the nationwide stir.
Apple sought exemption from mandatory local sourcing of components for its products
Ahead of the meeting of jewellers with Gandhi, the Congress had asked the government to look into the demands of jewellers, who have been agitating for more than 20 days.
Firms also said the excise duty hike by two per cent will be passed on to consumers and it may hurt sales further.
External commercial borrowings to the extent of USD 1 billion to be allowed for aviation sector for next year.
The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing.
A prominent businessman from Mumbai on Friday revealed that he has acquired 29 items of Mahatma Gandhi memorabilia at a recent auction in the United Kingdom. "I am delighted to acquire the items, which are of national interest. I would have been happier had the government acquired them," said Kamal Morarka, former Union minister and publisher.
The added burden on manufacturers for recycling e-waste is expected to impact their margins, which may further lead them towards hiking prices of other items.
The capital outlay to cover the modernisation programmes have got a hike of 10.05 per cent.
The government on Friday slashed import tariff value of gold to $507 per 10 grams and of silver to $871 a kg following fall in global prices of the precious metals.
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Inflow down in December month-on-month; jewellers demand cut in Customs duty rates
Fertilizer demand is set to get a boost on account of cheaper credit availability to farmers. Reduction in basic customs duty on some water-soluble fertilizers and liquid fertilizers may increase their usage, resulting in a positive impact on revenues and profitability of fertilizer players.
Ram Buxani said increase in the customs duty on gold will help Dubai's business.
This growth seen by the consumer goods was led mainly by the durables market, which rose 17.6%, the highest in 11 months
In the wake of rising global prices of precious metals, the government on Thursday hiked import tariff value of gold to $531 per 10 grams, while the value was kept unchanged at $899 per kg for silver imports.
India slashes sensitive list for LDCs under SAFTA.
At a time of falling GDP growth, the case for boosting revenue by increasing the tax rates is weak.
Australian Foreign Affairs Minister Marise Payne also urged India and Pakistan to "exercise restraint" and engage in dialogue to ensure issues are resolved peacefully.
India, the world's biggest consumer of gold, imported 967 tonnes of gold in 2011.
The government can argue the change targets only those residing abroad but the fact remains that it does affect the kin and friends in India of non-residents.
Justifying the hike in customs duty on gold in the Budget, Finance Minister Pranab Mukherjee today said its huge imports cause strain on the balance of payment and affect exchange rate, but it does not have any direct bearing on the forex reserve.
Higher excise duty at 12 per cent would have negative impact on pesticides manufacturers.
However, in 2020, gold demand in India -- the world's second biggest consumer after China -- could increase to 700-800 tonnes on hopes of increased acceptance of high price level and likely economic reforms boosting consumer confidence, World Gold Council said.
The two leaders also agreed that bilateral trade will be conducted on Most Favoured Nation basis.
Currently, the five-year FTP aims to raise total exports to $900 billion but targets may be reduced
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