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Article: Finmin to use third party info to detect excise duty evasion.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 13, 2008
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Finmin to use third party info to detect excise duty evasion
New Delhi, July 13 (PTI) The Finance Ministry is likely to come out with a plan in a couple of months to gather information on evasion of excise duty through sources like electricity bills and VAT payments.
"In a couple of months, we will have plans to gather third party information on excise duty evasion," a Finance Ministry official told PTI.
The third party information relates to gathering information on the assesse concerned through other sources and then matching this information with excise duty payment to assess whether the party was evading duty or not.
For this ...