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'Despite fuel duty cuts, indirect tax target to be met'
Unfazed over a dent of Rs 37,000 crore due to duty cuts on fuels, the indirect tax division of the finance ministry is quite confident that it will be able to meet the target for Rs 3.97 lakh crore this financial year by toning up administration to identify service tax evaders. “Duty cuts for petroleum products will hit the exchequer to the tune of Rs 49,000 crore in a year. As part of it would

Duty cuts, global prices make OMCs smile at petrol

From a loss of Rs 10.50 on every litre of petrol sold a few weeks ago, oil marketing companies (OMCs) have started making a profit of around Rs 0.60 per litre on the fuel, thanks to the Customs

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Price rise, duty cuts to help companies reduce borrowings

The price increase of three controlled petroleum products — diesel, kerosene and domestic LPG cylinder — will improve the cash flows of the oil marketing companies (OMCs) and help them

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Govt firefights fuel price furore

Finance minister to request states on duty cut amid nationwide protests, while PSU oil companies work on their financials to reduce borrowings. Under attack from adversaries and friends alike, the

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Auto parts sector seeks more duty cuts

India's auto parts industry is hoping for duty concessions on raw materials and an increase in customs duty on imported products in the federal budget in July, industry officials and analysts said.

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India should lower corporate taxes, extend duty cuts: CII

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