FMSPEAK - I don't like search and seizures,

By Vijay Kumar

So said Chidambaram -

++ Nearly 90 per cent excise were raised from 5,500 large assesses out of a total 100,000 excise assessees (why can’t we exempt the rest of 94500 assessees? – DDT)

++ Tax rates must be moderate, tax administration should be user-friendly and enforcement impartial and strict

++ in the coming days, the revenue department would rely more on information and intelligence rather than on search and seizures to check tax evasion and avoidance.

++ I believe in impartial enforcement. I don't believe in a heavy-handed approach. I don't like search and seizures, which belong to the past

++ tax evasion and avoidance had emerged as an “interesting business”

++ There are only 85,000 assessees (Income Tax) with an admitted income of over Rs. 10 Lakhs.

He was inaugurating the e-payment facility of Central Excise duties.