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No cess refund; auto dealers face ₹2.5K-cr hit

Financial Express Lucknow

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September 05, 2025

No Relief In Sight

- Prasanta Sahu, Nitin Kumar & Swaraj Baggonkar New Delhi/Mumbai, September 4

SANJAY KUMAR AGARWAL, chairman of the Central Board of Indirect Taxes and Customs (CBIC), on Thursday made it clear that there will be no refund of compensation cess already paid on stocks of automobiles, aerated drinks and coal lying with dealers as on September 22.

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Palm oil imports fall to one-year low in April

INDIA'S PALM OIL imports fell 27% to a one-year low in April, as sluggish demand from institutional buyers and a recent price rally that eroded its discount to rival oils prompted refiners to curb purchases, five dealers said.

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Three things India can do to grow

India has to be more serious about its green transition, push harder in manufacturing certain kinds of products, and educate its population more widely and effectively

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Mkts rebound on buying in blue-chips, poll results

THE SENSEX REBOUNDED by 356 points, while the Nifty settled above 24,100 on Monday, as buying in blue-chip stocks and state poll results trending in line with market expectations lifted investor sentiment.

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Modi: Lotus blooming from Gangotri to Gangasagar

PRIME MINISTER NARENDRA Modi on Monday said the lotus is now blooming from Gangotri to Gangasagar with the BJP’s historic victory in West Bengal and asked all parties to work for change, not revenge, and ensure that the state's future trumps over fear.

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Congress-led UDF ends Pinarayi's 10-year run

KERALA ON MONDAY witnessed a sharp political reset as the state electors voted out the last Left government in the country, bringing back the Congress to the ruling saddle after a gap of 10 years, while the BJP broke through a longstanding electoral drought by winning three seats.

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Dream Sports launches stock broking platform

DREAM SPORTS, THE parent group of Dream1l, has launched DreamStreet, an AIpowered stock broking platform aimed at simplifying investing for retail users, particularly first-timers who have stayed away from markets due to perceived complexity, the company said in a statement.

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Assam: BJP scores a hat-trick

THE BJP-LED NDA'S return to power in Assam for a third consecutive term with a massive mandate has reinforced the state as the party's strongest base in the Northeast and validated Chief Minister Himanta Biswa Sarma’s governance model.

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EXPORTS STAGNANT IN RECENT YEARS, REQUIRE POLICY PUSH

WHILE INDIA'S MERCHANDISE export growth has been flat or negative in most of recent years, shipments of labour-intensive items like readymade garments, gems &jewellery have registered sharper declines.

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Godrej Properties posts 70% jump in Q4 net profit

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How BJP breached Trinamool's bastions

THE BJP'S DECISIVE victory in West Bengal, ending 15 years of Mamata Banerjee's rule, was emphatic in its spread across the state. If the party held on to its bastion in North Bengal, it made inroads into South Bengal, including the Presidency division which was so far the TMC's impregnable fortress.

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