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    CBEC Denies any Holding of Customs, Excise Duty and Service Tax Refunds/Drawbacks
    MSME Sector is of Vital Importance to Our National Economy says the Prime Minister
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March 11, 2014
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Tax refund processing: CBEC states refunds and drawbacks are not withheld and reporting increased disbursements.
The Central Board of Excise and Customs denies media reports that Customs, Central Excise and Service Tax refunds and drawbacks are being held up, and furnishes comparative April-February disbursement data showing year on year increases in refunds across Customs, Central Excise and Service Tax to correct the public record.
March 1, 2014
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MSME sector importance drives policy measures to sustain benefits, scale skills, innovation funds and boost exports.
MSME sector is prioritised for rapid and inclusive growth through continuation of non tax benefits post graduation, establishment of additional tool rooms for skill and technology support, regeneration of traditional industries, creation of an Inclusive Innovation Fund, enhanced plan allocations including a khadi reform programme, and scaled implementation of PMEGP with subsidy support and district level enterprise targets; administrative incentives include National Awards for excellence across R&D, innovation, entrepreneurship and quality.

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Acts Income Tax