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Latest News - From Newspaper Headlines

1. 

DRI looking for seized ephedrine buyer - The agency suspects part of the ephedrine consignment was for sale overseas.

21.03.2020

After seizing 483 kg of ephedrine, which is a restricted narcotic under the NDPS, from Palghar and Kolhapur on Tuesday, the Directorate of Revenue Intelligence (DRI) has begun a search for a Mumbai-based suspect, who was to purchase the consignment from its manufacturers. The DRI is verifying read more »

2. 

Customs officials arrest two for duty evasion of Rs 50 lakh.

21.03.2020

The Nhava Sheva preventive unit of the Customs department on Thursday arrested two persons for alleged fraudulent import of goods, which were counterfeit of branded companies such as Nike, Adidas, CK, Puma and Levis. The duty evasion is estimated to be around Rs 50 lakh, said agency read more »

3. 

GST Council asks Infosys to fix filing issues by July.

15.03.2020

New Delhi: The GST Council on Saturday moved in with fresh checks, including getting information from banks, to plug evasion, while deciding to instruct Infosys to fix technical glitches to the filing system by July.

Finance Minister Nirmala Sitharaman said the Centre will explore read more »

4. 

Prices of mobiles set to go up as GST hiked from 12% to 18% - But Govt Says Hike May Not Result In Increase In Prices.

15.03.2020

New Delhi: The GST Council on Saturday announced an increase in the levy on mobile phones to 18% from 12%, although the government said it may not result in a proportionate increase in prices.

The hike was aimed at correcting a situation where inputs read more »

5. 

Cabinet okays 4% hike in DA.

14.03.2020

The Union Cabinet approved a 4% increase in the dearness allowance (DA) for central government staff and dearness relief for pensioners from January 2020. This will benefit about 48.34 lakh serving employees and 65.26 lakh pensioners. TNN

read more »

6. 

GST rates may rise on mobiles & footwear - Levies On Man-Made Fibres, Fertilisers To Be Reviewed.

12.03.2020

New Delhi: Ahead of the Goods and Services Tax (GST) Council meeting on Saturday, the government is pushing for a review of the levy on mobile phones, footwear, fertiliser and man-made fibres to correct a major discrepancy that has crept in where the duty on the finished read more »

7. 

Govt to Nilekani: Explain failure to fix GSTN glitch - Infosys Chairman To Make Presentation Before Council.

09.03.2020

New Delhi: The government has asked Infosys chairman Nandan Nilekani to make a presentation before the GST Council next week as the IT major has repeatedly failed to fix glitches in the GST Network (GSTN), the technology backbone for the indirect tax.

Recently, the read more »

8. 

Bolivian woman held with cocaine-filled condoms inside body - Revenue Intelligence team seizes narcotics worth Rs 1.55 crore.

07.03.2020

The Mumbai zonal unit of the Directorate of Revenue Intelligence (DRI) arrested a 55-year-old Bolivian woman, who was trying to smuggle condoms stuffed with cocaine inside her body, at the Mumbai airport. Sources said the team seized 312 grams of cocaine worth around Rs 1.55 crore.

read more »

9. 

GST collection tops Rs. 1 lakh cr for the fourth straight mth.

02.03.2020

New Delhi: GST collections rose 8.3% in February to Rs 1.05 lakh crore compared to the same month last year, the fourth straight month of over Rs 1 lakh crore mop-up, although it was marginally lower than the over Rs 1.1 lakh crore garnered in January 2020.

read more »

10. 

Customs arrests conduit in fake currency racket.

01.03.2020

Mumbai: The special investigation and intelligence branch (SIIB) of the customs on Saturday arrested a key conduit in a fake notes racket. Acting on a tip-off, the SIIB arrested Chennai resident Khalil Rahman (39) under the relevant IPC section for possession of fake currency.

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