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New Delhi, Apr 1 (PTI) The government has announced limited duty concessions to special economic zones (SEZs) for one year to help manufacturing units of these enclaves, hit by weak global demand, sell their goods in the domestic market. The measure takes effect from April 1 and will remain valid until March 31, 2027. As per the notification of the department of revenue, goods made in SEZs and sold in the domestic market will face slightly lower Basic Customs Duty (BCD), and in some cases redu ...Read More >
New Delhi, Apr 1 (PTI) The government has announced a one-time special relief measure in the form of certain duty benefits for special economic zones (SEZs), a move which would provide support to units in these enclaves amid global uncertainties. However, the exemption will be available only if the unit in the SEZ had commenced production of goods on or before March 31, 2025, the department of revenue has said in a notification dated March 31. They also have to prove that the goods in respect ...Read More >
Hyderabad: The Telangana Excise Department on Tuesday, March 31, seized 71 bottles of non-duty paid liquor worth Rs 1.4 lakh, which were brought from Goa and Delhi to Hyderabad. The bottles were seized during vehicle checking at Pahadi Shareef by Special Task Force teams. The seized liquor bottle was handed over to the Meerpet Excise Station. Non-duty paid liquor is alcohol transported, sold or consumed within a state without paying the mandatory local excise duty and Value Added Tax (VAT). It ...Read More >
Adani Digital Labs (ADL), the technology arm of Adani Airport Holdings Limited (AAHL), on Wednesday announced a series of transformative initiatives aimed at redefining the travel and airport experience for passengers across Adani-managed airports in India. The strategic moves enhance convenience, comfort, and engagement at Adani Airports, solidifying its position as a leader in digital innovation within the aviation sector. "The new ADL aims to infuse energy, diverse ideas, and unparalleled e ...Read More >
New Delhi [India], July 9 (ANI): Two decades chase of the Central Bureau of Investigation (CBI) came to an end on Wednesday with the successful extradition of fugitive Monika Kapoor, an accused in a 2002 import-export fraud and was on run since then, from USA, the agency said in a statement. As per the CBI statement, Fugitive Monika Kapoor, Prop Of Monika Overseas, in conspiracy with her brothers, namely Rajan Khanna and Rajiv Khanna, forged export documents viz. shipping bills, invoices and ba ...Read More >
HYDERABAD: A thriving underground network of non-duty paid liquor (NDPL) smugglers is working in tandem with private event organisers, causing an estimated ₹300 crore annual loss to the state exchequer. A recent crackdown by the excise department has unravelled the scale, sophistication, and spread of this illegal trade, particularly within the GHMC limits.In the past three weeks alone, excise officials have stumbled upon multiple NDPL smuggling routes, primarily from Haryana, Goa, and Karnataka ...Read More >
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