department of revenue

India imposes 20% export duty on rice

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India imposes 20% export duty on rice

India on Thursday imposed 20 per cent export duty on export of various types of rice, excluding the parboiled and Basmati rice . As per a release by the Department of revenue, under the Ministry of Finance, the 20 per cent levy will be imposed on export of rice in the husk (paddy or rough), … Read more

Government not considering merger of CBDT, CBIC: Finance Ministry

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NEW DELHI: The government is not considering any proposal to merge the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC), the Finance Ministry said on Monday. The said merger was one of the recommendations of the Tax Administration Reforms Commission (TARC), headed by Parthasarathi Shome, which submitted … Read more