core sector communique

FM to Inaugurate Annual Conference of Chief Commissioners and Directors General of Customs, Central Excise and Service Tax Tomorrow

Union Finance Minister, Shri Pranab Mukherjee will inaugurate the All India Annual Conference of the Chief Commissioners and Directors General of Customs, Central Excise and Service Tax here tomorrow. The two- day Conference at Vigyan Bhawan will deliberate in parallel sessions through four breakaway groups of Chief Commissioners and Directors General on the following contemporaneous issues relevant to indirect tax administration with the objective of laying down road maps for effective governance: • Negative List of Services and Common Tax Code of Central Excise and Service Tax. • Automation in CBEC – Review and Challenges. • Large Taxpayer Unit – Review and Future Road Map. • Motivation and Image Building. CBEC is institutionalizing an annual memorial lecture called “B. N. Banerjee Memorial Lecture,” named after the first Chairman of CBEC, in the year celebrating 50 years of achievements under the Customs Act, 1962. Dr. Parthasarathi Shome, the Director and Chief Executive of Indian Council for Research and International Economic Relations (ICREIR), will deliver the maiden lecture on “Role of Customs in the International Relations,” tomorrow. Shri Namo Narain Meena, Minister of State (Expenditure and Financial Services) shall preside over the first memorial lecture. Dr. C. Rangrajan, the Chairman of Economic Advisory Council to the Prime Minister, will address the Conference, on 5th June, 2012, on “Indian Economy: Current Concerns and Future Prospects.” The Minister of State (Revenue) Shri S.S. Planimanickam will preside over the valedictory function on 5th June, 2012.