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China accuses India of ‘abusing' trade remedy measures

China today accused India of "abusing" trade remedy measures and called for settling trade disputes through consultation.

PTI
BEIJING

Reacting to India's move to launch an anti-dumping investigation over photovoltaic cells and units imported from the China, Taiwan, and Malaysia, Wang Hejun, head of the Ministry of Commerce's (MOC) trade remedy and investigation bureau, said China is paying close attention to the investigation and hopes India will conduct it in a prudent manner and as per relevant rules.
He was quoted by the state-run Xinhua news agency as saying that India should avoid "abusing" trade remedy measures and hoped the
two countries can settle trade disputes through consultation.
Wang's comments come ahead of Commerce Minister Nirmala Sitharaman's visit to Shanghai to take part in the BRICS trade ministers meeting to be held from August 1-2 to discuss expanding e-commerce cooperation.
Wang said adopting restrictive measures for the trade of photovoltaic products would not only harm photovoltaic sector development in India, but also dampen the sector's long-term development worldwide as well as economic and trade cooperation between China and India.

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I-T department probing 30k cases of alleged tax evasion

CBDT chief: some assessees haven't reported all bank accounts

The Goan Network
Published Jul 27, 2017, 10:40 AM IST
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 PTI NEW DELHI The Income Tax Department is probing over 30,000 cases of alleged tax evasion wherein the income tax returns (ITRs) were revised by assessees post-demonetisation, Central Board of Direct Taxes (CBDT) chief Sushil Chandra said on Monday. The ITRs filed after November 8 last year were scrutinised against their earlier tax compliance following which these cases were detected, he said. "We are taking action in these instances," Mr Chandra told reporters on…

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