CBEC likely to serve INR 650 crore notice to BMW

The tax authorities are currently inspecting BMW's production facility in Chennai. The CBEC (Central Board of Excise and Customs) is likely to dish out a Rs 650-crore show cause notice to BMW for evading duties amount to Rs 500 crore. The CBEC ...

The Central Board of Excise and Customs (CBEC) is considering making electronic filing mandatory for excise

Honda India has been served a show-cause notice by Central Board of Excise and Customs asking them to pay an additional excise duty totaling to Rs 164 crore. This is a result of company not paying the duty on the cost of production of cars but on ...

According to the notification of the Central Board of Excise and Customs (CBEC), due to the volatility in the price of gold in global markets the Government has raised the tariff value on the import of gold to $472 per 10 grams.Tariff value is the ...

In a SOS sent to the FM, Assocham has demanded urgent withdrawal of the Central Board of Excise and Customs (CBEC) circular giving directions for recovery of confirmed demands under different situations. The chamber says, ''for the assesses who have to live ...

The Central Board of Excise and Customs has issued a circular that stops import of pets unless the person bringing in the animal has been living outside India for no less than two continuous years. Accordingly, it has been decided to allow import of two ...

Central Board of Excise and Customs detected service tax evasion of Rs 9,800 cr

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC) hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance ...

In exercise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs (CBEC) has extended the date of submission of the Form ST-3, for the period from 1st October 2012 to 31st March 2013, ...