“Why would you import something which can be produced in the country,” said a finance ministry official.
12 Aug 2022
Under the new regulation, aircraft operators will have to transfer the PNR details to the Customs department in a specified format.
10 Aug 2022
The case pertains to assessment year 2013-14. Reliance Transport and Travels had debited Rs 32.12 crore as customs duty, out of which Rs 26.49 crore was claimed as business expenditure.
06 Aug 2022
Banking sources told this newspaper that no bank has begun the transfer of loans, which is likely to start only by the end of the September quarter.
30 Jul 2022
Banking sources told The New Indian Express that no banks have begun the transfer of loans yet and the same is likely to start only by the end of the September quarter.
29 Jul 2022
The AAR held that inpatient services are covered under the healthcare services extended by the clinical establishments, which are exempt under GST.
26 Jul 2022
As much as 86% of Indian imports are invoiced in dollars. Therefore, when the rupee depreciates against the US dollar, imports become costlier in rupee terms.
25 Jul 2022
Earlier, only those hospitals that were part of the IIB’s Registry of Hospitals in the Network of Insurers (ROHINI) could be empanelled in the network of hospitals for cashless facilities.
22 Jul 2022
The Board has also proposed a separate amendment table in GSTR-3B to display the changes made by the taxpayers in GSTR-1, which contains details of all the sales made by a business.
19 Jul 2022
The proposed bill is likely to replace the existing SEZ Act with the new law, which will enable the economic zones to become export hubs, as well as development hubs.
15 Jul 2022
US retail inflation topping 9.1% in June could have repercussions for India as the Reserve Bank of India may be forced to increase interest rates to keep pace with the US.
14 Jul 2022
Retail inflation in June is likely to be nearly 7.25%, higher than 7.04% in May, largely due to higher vegetable prices, feel experts.
12 Jul 2022
The Central Public Sector Enterprises (CPSEs) have so far spent Rs 72,000 crore in Capex in the first two months of the current financial year, sources in the government told TNIE.
12 Jul 2022
Padmaja, however, did not disclose more on the terms of the settlement as she said that the agreement (with the Spandana board) has a confidentiality clause.
25 Jun 2022
There are 4 schedules in the categorization of CPSEs which are made on the basis of their importance to the economy and the complexities of problems.
23 Jun 2022