Govt eases Cenvat rules for small cos

In a major relief to small companies, the government on Thursday relaxed Cenvat Credit Rules to exempt manufacturers paying excise duty of less than Rs 1 crore (Rs 10 million) from filing a......

Cenvat not for small looms

The finance ministry is planning to cushion the small powerloom and handloom sector from the demands of conforming to the Cenvat chain of excise duty. Finance Minister P Chidambaram is expected to......

CBEC wants median rate for Cenvat hiked to 18%

The Central Board of Excise and Customs has asked Finance Minister P Chidambaram to consider raising the median rate of the Central Value Added Tax (Cenvat) to at least 18 per cent from 16 per cent......

Insurance sector's wishlist for FM

Deduction of tax at source, on Reinsurance premium, paid to foreign reinsures, to be maximum at 2%. This is also the practice followed in many other countries. TDS on health insurance claim......