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The government yesterday declared handicrafts as the product of the year 2024 to highlight the role of women in the making of handicrafts, promote exports, and diversify the nation’s export basket, which is currently dominated by the garments sector, according to a notification by the commerce ministry.
Maruti Probe Over Wrong Tax Code: According to the DRI inquiry, Maruti Suzuki imported the Shaft Assy Propeller under an incorrect HSN code, as per the World Customs Organisation s explanatory notes. The investigation also found that Integrated Goods and Services Tax (IGST) had been paid on certain automobile parts at a rate of 18%, while the correct rate should have been 28%.
Looking at the broader national security spend of NATO allies shows a more complete picture of responsibility sharing. This debate has become toxic partly because many of the measures of what allies are doing remain shielded from public view.
Maruti Suzuki India is under investigation by the Directorate of Revenue Intelligence (DRI) for incorrect HSN code usage and incorrect payment of IGST on imported automobile parts. The company stated that it will respond appropriately to the inquiry and that it will not have a significant impact on its operations or finances.