The Central Board of Excise and Customs issued a notification clarifying that parts such as tower, nacelle, rotor, blades and wind turbine controller of wind operated electricity generators are eligible for exemption from excise duty.
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Tag: excise
Mobile container scanner at Chennai port
The Central Board of Excise and Customs (CBEC) has installed a mobile container scanner at the Chennai port.
Mobile container scanner at Chennai port
The Central Board of Excise and Customs (CBEC) has installed a mobile container scanner at the Chennai port.
Govt mops up over Rs 190 bn via duty on fuel
Union Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi informed the Rajya Sabha that the total amount collected from Additional Excise Duty during 2012-13 (Provisional) is 19,333 crore. Lakshmi said that the amounts collected during 2011-12 and 2010-11 are Rs 18,428 crore and Rs 16,979 crore respectively
SCI plans to invest Rs 19 bn in FY14
Shipping Corporation of India (SCI) plans to spend
Rs 1,939 crore during 2013-14, far less than Rs 2,497 crore spent in 2012-13, Union budget documents shows. The investment would be financed through internal and extra budgetary resources. Sunil Thapar, director-bulk and tanker division, SCI said the company wants to cons
Industry welcomes removal of duty
Anil Devli, Chief Executive Officer of Indian National Ship Owners Association informed that the removal of excise and countervailing duty (CVD) is a big boost to the shipbuilders. He said the move would see more ships being built in India now. The Rs 300-crore subsidy will increase the cash flow, Dhananjay Datar, group Chief Financial officer, ABG Shipyard, said