'CENVAT credit not allowed on capital goods used to make exemp...

The general philosophy in tax is that a merger or demerger, acquisition or sale should be tax neutral, as far as possible. This is particularly true in case of indirect tax, which is supposed to be a tax collected from the customer, not imposed on ...

A fall of 81% in the net profit of Raymond in the fourth quarter of 2012-13 did not surprise or upset the analyst community due to low expectations after the relatively weak third quarter results. The fall was due to the 'one off' provisioning and ...

HIGHLIGHTS OF ANNUAL SUPPLEMENT 2013 and 14 TO THE FOREIGN TRADE POLICY 2009 to 14 ANNOUNCED BY SHRI ANAND SHARMA Date : 18 Apr 2013 Location : New Delhi 1.1 A package of measures has been formulated to revive investors' interest in SEZs and to ...

Like last year, this year's budget too has disappointed the Indian pharmaceutical sector. The industry feels that it did not get its rightful share of the budget pie. Usha Sharma presents the industry's reactions 'It is a responsible budget' We were ...

Steel is closely linked with production activities in various sectors of the economy. Being the basic material for development of economic and social infrastructure, steel is used for producing capital goods as well as final consumption goods. As a result, there is a direct relationship between economic growth as measured by Gross Domestic Product and demand for steel. The iron and steel industry in India consists of integrated steel plants based on Blast Furnace, Basic Oxygen Furnace route, ...