| Author | Message | ||
     Jodhaa Megastar Username: Jodhaa Post Number: 23695 Registered: 02-2008 Posted From: 69.174.58.116 Rating: N/A |
India lo banks' lo, Post office lo gold bars/coins konatam antha chetha pani inkokati undadhu. Market price kantey ekkuva ki ammesthaaru. | ||
| Pulibongaram Side Hero Username: Pulibongaram Post Number: 2421 Registered: 03-2012 Posted From: 160.83.73.18 Rating: N/A |
kwalling jodhaa | ||
| Pulibongaram Side Hero Username: Pulibongaram Post Number: 2420 Registered: 03-2012 Posted From: 160.83.73.18 Rating: N/A |
ICICI Bank has manufactured branded gold coins through job-worker for their corporate customers and sold or redeemed through their branches located across India during 1 March 2011 to 16 March 2012 without paying the duty New Delhi: Country's largest private sector lender ICICI Bank has paid Rs53 lakh in a duty evasion case relating to manufacture and sale of gold coins, reports PTI. "ICICI Bank being the brand owner has admitted the facts and implication (in the duty evasion case) and paid an amount of Rs53.08 lakh towards their duty liability including interest of Rs7.29 lakh," Central Excise Commissionerate (Kolkata) said in a statement. The duty evasion on manufacture and sale of gold coins by the ICICI Bank was discovered by the Anti-Evasion Unit of the Kolkata Commissionerate, it added. Although the ICICI Bank has admitted the facts and paid Rs53 lakhs, it said, "further investigation is in progress". During inquiry, the statement added, it was "revealed that ICICI Bank has manufactured branded gold coins through job-worker for their corporate customers and sold/redeemed through their branches located throughout India during 1 March 2011 to 16 March 2012 without payment of duty...and thereby evaded central excise duty to the tune of Rs 45.79 lakh". The duty was imposed under Rule 12AA of the Central Excise Rules, 2002 which deals with registration, maintenance of accounts, payment of duty etc. with regard to manufacture of jewellery on job work basis. Job-worker has been defined as a person engaged in manufacture or processing of article of jewellery on behalf and under the instructions of the brand owner. http://www.moneylife.in/article/icici-bank-pays-rs53-lakh-in -gold-coin-duty-evasion-case/28060.html |
