About India in 1944 Sir Winston Churchill used to say:-
1. “Fate of 400 million people of the Country can not
be left in hands of incompetent Rulers.”
2. “Population
of the Country will cross a billion mark by end of this century.”
3. “Fifty
percent of the population of the Country will die out of hunger and drought
without food and water in the next twenty years.”
=Sir
Winston Churchill.
Cabs are yellow and Crows are black
everywhere. India has remained a safe haven for Smugglers, drug-traffickers and tax-dodgers swindlers money launders and so on.
If caught, all you have to do is to flutter few hundred-rupee bills and you are off the hook. In name of incentive for export etc, Export Oriented Units have crossed the limit in committing mal-practice.
As per trade reports, as openly talked in inner circles, a merchant exporter took away home net fifteen crores with connivance of the Officers by taking an EOU unit.
To us a sum of fifteen crores seems large, in the eyes of Government a sum of 1500 crores loss of revenue from EOUs is peanuts.
Other raw material is quality yarns on lines of
Every-thing is streamlined standardized and accepted as normal way of life. Government loses millions and billions by way of duty evasion. Only forty percent of the duty is realized.
In all other excise items same practice is adopted. Political climate of the country is responsible to allow the trade to cut corners to such a great extent. In no other country of the world such a helpless and hopeless situation exists.
Since
Advalorem rates of duty were introduced to earn more revenue. For 50 years, the Government has widened the excise duty and customs net by enhancing duty rates. Revenue income has skyrocketed.
Duty on newer items was introduced in every budget. The result is nothing is left now. It is time for the Government to take such measures that people would take interest in the activities of the state rather than being idle spectators to the methods of the state.
Taxes were reviewed every year. Taxes have to be reviewed once in Five years for sake of stability and uniformity.
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