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2021-11-20 09:18:02 Alcohol Stocks : Maharashtra government cuts excise duty on imported scotch by 50%.

The Maharashtra government has slashed excise duty on imported scotch whiskey by 50 per cent to bring its price on par with that in other states, a senior official said here on Friday. The excise duty on imported scotch whiskey has been brought down from 300 per cent to 150 per cent of the manufacturing cost," the official told PTI.

The notification in this regard was issued on Thursday, she said.The Maharashtra government earns revenue of about Rs 100 crore from the sale of imported scotch annually. Open / Comment

2021-11-20 09:18:02 Open / Comment

2021-11-20 09:18:02 However, GST rates on or certain synthetic fibres and yarn have been lowered to 12% from 18% making rates uniform across the entire textile sector. This has also led to removing distortions which led to an inverted duty structure. The inverted duty structure refers to a situation where the tax rate on inputs used is higher than a tax on the finished product. Open / Comment

2021-11-20 09:18:02 TEXTILE , FOOTWEAR STOCKS : #GST on apparel, textiles and footwear to be increased from 5% to 12% effective January 1 Open / Comment

2021-11-20 08:04:02 Confirmed News .. IRCTC Says Railways Decides To Resume service of cooked food in Trains , Also Continues To Ready To eat meals Service in Trains Open / Comment

2021-11-20 08:04:01 US President Joe Biden will transfer power to Vice President Kamala Harris today for the period during which he will be under anesthesia for a routine colonoscopy he will undergo as part of his annual physical: Reuters Open / Comment

2021-11-20 08:04:01 Bharat Dyanamics Says Pm Modi Today laid foundation stone for setting up manufacturing unit for BDL at Jhansi in UP Defence Corridor Open / Comment

2021-11-20 06:34:03 Ril withrawn Current application with NCLT for Segregating O2C biz From RIL Open / Comment

2021-11-20 06:34:03 Ril Says Ril & Saudi Aramco hv mutually Determined tht it would be beneficial for both Parties to re-evaluate the proposed investment in O2C biz in light of Changed Context Open / Comment

2021-11-20 06:34:03 BALAKRISHNA IND. , other Forging Co. : West Coast Truck Firms in USA are facing supply side issues, might impact Indian forging companies and even Balkrishna Industries. Open / Comment