CBIC has received representations from trade and field formations on certain issues faced in complying with the new requirements in accordance with CBIC Advisory No 02/2021 dated 14.01.2021 & Circular 55/2020-Customs dated 17.12.2020. In this regard, following clarifications are provided by the CBIC for the benefit of all concerned :
Notification No. 12/2021-Customs (N.T./CAA/DRI), Dated: 27.01.2021- Reg. Appointment of Common Adjudicating Authority. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 12/2021-Customs (N.T./CAA/DRI) New Delhi, dated 27.01.2021 S.O. 449(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), […]
Notification No. 10/2021-Customs (N.T./CAA/DRI), Dated: 27.01.2021- Reg. Appointment of Common Adjudicating Authority. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 10/2021-Customs (N.T./CAA/DRI) New Delhi, dated 27.01.2021 S.O. 447(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), […]
The number of active cases of COVID-19 have been declining steadily over the last four months. However, with a view to consolidate the substantial gains that have been achieved against the spread of COVID-19, and to fully overcome the pandemic, there is a need to maintain caution and strictly follow the prescribed containment strategy, focussed on surveillance, containment and strict observance of the guidelines.
This week we turn to the changes that have been made by CBIC for implementing the Tariff Rate Quota (TRQ) licenses issued by DGFT, To make the process digital and secure, a mechanism to receive the TRQ licenses electronically from DGFT has been implemented and enabled by DG Systems.
RBI placed on its website a Working Paper titled Monetary Policy Transparency and Anchoring of Inflation Expectations in India under the Reserve Bank of India Working Paper Series.
RBI placed on its website a Working Paper titled Regional Economic Convergence in the Manufacturing Sector: An Empirical Reflection under the Reserve Bank of India Working Paper Series
The Reserve Bank today released the Booklet on Payment Systems covering the journey of Payment and Settlement Systems in India during the second decade of the millennium, viz., from the beginning of 2010 till the end of 2020.
The Daily Thanthi Vs Commissioner of Customs (Madras High Court) High Court held that amount deposited during the pendency of the appeals before the Hon’ble Supreme Court has to be construed as having paid ‘under protest’ and has to be refunded without insisting on such importer or manufacturer satisfying the requirement of “unjust enrichment” as […]
President is pleased to award Appreciation Certificates and Medals for —Exceptionally Meritorious Service at Risk to Life and Specially Distinguished Record of Service- to the officers and staff CBIC, Department of Revenue, on the occasion of the Republic Day, 2021
