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NC Nathwani, enforcement officer of the EPFO, was arrested in Jamnagar along with a consultant, officials said on Thursday. He was arrested for allegedly accepting a bribe of Rs 1.10 lakh for settling pending PF-related issues.
The proposed Central Excise Bill, 2024, does not exempt excisable goods produced or manufactured in a Special Economic Zone (SEZ) and brought to any other place in India from duty. Any exemption will need to be notified separately by the Central government, if deemed fit, says the Bill.
The Central Board of Indirect Taxes & Customs has invited suggestions on the draft ‘Central Excise Bill, 2024’, which aims to enact a comprehensive modern central excise law with an emphasis on promoting ease of doing business and repealing old and redundant provisions.
The Employees’ Provident Fund Organisation (EPFO) has relaxed several regulations to make life easier for Employees’ Provident Fund (EPF) members in May 2024. The changes include an extended facility of auto-settlement, multi-location claim settlement, faster death claims.
A new central excise law will replace the existing eight-decade-old Central Excise Act, the finance ministry said on Tuesday while seeking public comments on a draft bill.
The Employees’ Provident Fund Organisation (EPFO) has introduced a software functionality allowing Provident Fund (PF) members to conveniently update and correct their profile information online.
Following a reduction of over 32 percent two weeks ago, the government of India cut the windfall tax on domestically-produced crude oil by 9 percent, effective June 1, 2024
India has improved its raking in the global sweepstakes for ease of doing business in the recent years, but a lot needs to be done for it to be at the top of the pecking order.
The Bombay High Court recently held that “leave encashment is akin to a salary, which is a property and depriving a person of his or her property without any statutory provision would violate Article 300 (no person to be deprived of property without authority of law) of the Constitution.”
The Employees’ Provident Fund Organisation (EPFO) has introduced auto-mode settlement of advance claims for medical, education, marriage and housing purposes. Auto mode of claim settlement was introduced in April 2020 for the purpose of advance for illness. The facility was extended to education and marriage under Rule 68K and for housing under Rule 68B, via a press release dated May 13, 2024.