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IT'S NOT RIGHT: Duty evasion came to light after a probe against a subsidiary of Reliance Industries.

IT

Customs probe business tycoons' jets for duty evasion

Private jets belonging to the corporate honchos are under the customs scanner. The evasion of customs duty came to light after an investigation against Reliance Commercial Private Developers Ltd, a subsidiary of Reliance Industries, for evading customs duty of Rs 58 crore on the import of an Airbus 319 and a Falcon 900.

DUTY FRAUD: The marble industry is defrauding the government of crores of customs duty.

SIT: Govt revenue slips on marble

The marble industry defrauds the Government of customs duty, amounting to hundreds of crores.

http://www.ibnlive.com/news/sit-govt-revenue-slips-on-marble/35155-7.html

CHIDAMBARAM FIGHTS BACK: Finance Minister said on Saturday inflation is a matter of concern.

Inflation impact: Customs duty cut

Govt tries to make cement, raw materials, capital goods cheaper to lower manufacturing cost.

http://www.ibnlive.com/news/inflation-impact-customs-duty-cut/31839-7.html

SPEND MORE: 65 items are set to become dearer for the govt is withdrawing excise duty exemptions.

Govt to lift duty exemptions on 65 items

Tooth powder, pens, pressure cookers, cameras and computers are set to become dearer as the govt will withdraw duty exemptions on them.

http://www.ibnlive.com/news/govt-to-lift-duty-exemptions-on-65-items/8264-7.html

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