Tag: CBEC

Imported and Export goods: Exchange Rate of foreign currency

Newsroom24x7 Staff New Delhi: The Central Board of Excise and Customs has determined the exchanged rate of foreign currency for imported and export goods that will come into effect from today, 4 November 2016. The new exchange rates have been determined and notified under powers conferred by section 14 of the Customs Act, 1962 (52

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Subramanian Swamy asks PM to restructure GSTN

Newsroom24x7 Staff Ruling Bharatiya Janata party MP and former Union Minister for Commerce, Law and Justice Subramanian Swamy has written to Prime Minister Narendra Modi urging him to direct the complete stay of all operations of the present constituted Goods and Services Tax Network (GSTN) till it is restructured according to India’s national interest and

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Implementation of GST: Why involve a Private Limited Company in a Sovereign Function?

Lalit Shastri The directive by Union Finance Ministry to the Central Board of Excise and Customs (CBEC) and Central Board of Direct Taxes (CBDT) to share data with Goods and Services Tax Network (GSTN) – a Section 25 non-Government, not-for-profit Pvt Ltd Company – has run into rough weather as serious objections are being raised about the

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Make in India Programme: CBEC profiling top 20 commodities to leverage Tariff Policy

Lalit Shastri The Central Board of Excise and Customs (CBEC) is going in for a 360 degree profiling of top 20 commodities in terms of valuation, duty rates – both with regard to manufacturing and imports to enable policy intervention and leveraging the Tariff Policy as a key component of Prime Minister Narendra Modi’s flagship

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Tax Administration Reform Commission recommends unified structure of CBDT and CBEC

Newsroom24x7 Desk New Delhi: As a step towards fundamental Tax administration reform, and following widespread international practice, the present structure of the CBDT and CBEC should be unified and converged in the next five years in governance, vision, mission and approach to tax policy formulation and administrative delivery to taxpayers, anchored in a more unified management structure, so

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Indian economy is moving in the right direction: Arun Jaitley

newsroom24x7 Desk New Delhi, Feb. 9: Union Finance Minister Arun Jaitley today said that overall economic situation in the country is looking better and basic parameters of Indian economy are moving in the right direction. The Finance Minster was making the Opening Remarks at the first meeting of the Parliamentary Consultative Committee attached to his Ministry

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