Custom News
Amendment in the Customs Act, 1962
21 July 2011 at 16:09Introduction of a Legislative Amendment Bill to amend the Customs Act, 1962 (52 of 1962) with retrospective effect to validate Show Cause Notices issued for demand of Customs duty The Union Cabinet today gave its approval for in
Government announces custom duty exemption for newsprint
12 February 2009 at 10:27The government today announced special custom duty exemptions to the newspaper and magazine publishing industry in the country. These concessions have been announced in view of the current economic slowdown particularly affecting the newspaper indust
CBEC exceeds target in recovering arrears of revenue
14 May 2008 at 11:03The Central Board of Excise & Customs (CBEC) has exceeded its target in recovering arrears of revenue fixed for the financial year 2007-08. As against the target of Rs. 3550 crore, the department has collected Rs. 5035 crore, which is 42% higher
Excise assessees get more time for e-payment ::
16 September 2007 at 09:31The Finance Ministry has provided additional time for payment of Central excise duty under the e-payment route. This is being seen as the Government's attempt to encourage central excise assessees to go in for e-payment of duties.Central excise asses
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