In the recent years, the world is witnessing a rapid proliferation of Free Trade Agreements (FTAs). The world trading system has witnessed an increasing number of integration initiatives in recent years on the back of comparative advantages. For India too it became necessary to be integrated into the global trade to attain its economic gr...
Read MoreThe International Maritime Organization is an agency tasked with improving the security and safety of international shipping. One of its key duties is to devise strategies and measures to keep the waterways clean by preventing marine pollution from ships. International Maritime Organization (IMO) is an agency of the United Nations which ...
Read MoreThis explains the whole anatomy of the declining interests of exporters in investing in Special Economic Zone (SEZ). Let's have a glimpse on the current situation of SEZ....
Read MoreSection 76 of the Customs Act, 1962 contains the provisions in respect of prohibition and regulation of drawback and no drawback shall be allowed in the following circumstances: (a) In respect of any goods, the market price of which is less than the amount of drawback due thereon, (b) If the Central Government is of […]...
Read MoreMinistry of Textiles had notified a new scheme called Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) on export of garments and made-ups vide Notification No. 14/26/2016-IT (Vol II) dated 7th March, 2019, w.e.f. 7th March, 2019. RoSCTL Scheme shall remain in force up to 31.03.2020. Old scheme ROSCTL shall be discontinued....
Read MoreThe written Customs Brokers Examination, 2020 was conducted on 06.03.2020 at designated centers across India. In terms of Regulation 6(2) of CBLR, 2018 the list of candidates who have passed the written examination is as follows:...
Read MoreNotice calling for suggestions, views, comments etc. from stakeholders on Faceless e-Assessment for imported goods The general public and the trade at large are hereby informed that CBIC is planning to launch Faceless e-Assessment for imported goods. A detailed Concept Paper on Faceless e-Assessment is enclosed. All members of the trade/ ...
Read MoreCentral Board of Indirect Taxes and Customs (CBIC) destroys large quantities of narcotics and psychotropic drugs and substances across the country Dealing a debilitating blow to the smugglers of Prohibited narcotics and Psychotropic Drugs and Substances, the Customs formations under the CBIC carried out an all India destruction of huge qu...
Read MoreKeeping with the Government’s objective of furthering ease of doing business, particularly in trading across borders, the Central Board of Indirect Taxes and Customs has introduced Machine based automated clearance of imported goods....
Read MoreArticle contains Explanatory Memoranda to Notification Nos. 01/2020-Customs to 12/2020-Customs, dated 2nd February, 2020, Explanatory Memoranda to Notification Nos. 09/2020-Customs (N.T.) to 10/2020 and Explanatory Memorandum to Notification No. 01/2020-Customs (SG), dated 2nd February, 2020. Explanatory Memoranda to Notification Nos. 01/...
Read MoreShri Chinta Haran Ojha Vs Principal Commissioner of Customs (CESTAT Delhi) - Chief Commissioner of Customs was directed to consider whether it should be necessary to cause a vigilance enquiry on the system failure to determine how the consignments were cleared when there were so many mis-declaration in description as well as classification of the imported Point of Sale Devic...
Read MoreA. V. Agro Products Ltd. Vs Commissioner of Customs (CESTAT Delhi) - Since there was a clear nexus between the appellant -company and all the co-noticees for the alleged violation of the impugned notification which extended the concessional rate of customs duty of 20% ad valorem provided the imported CPO was meant for use in manufacture of soap, therefore, penalty wa...
Read MoreGTN Textiles Limited Vs Secretary to Government (Madras High Court) - Claim of drawback of excise and customs duties paid on the raw materials used in manufacturing could not be denied merely because some processes in the chain of manufacturing had been conducted in the premise of EOU/unit of EPZ, if the assessee was otherwise entitled to the benefit....
Read MoreShreyansh Marble Tiles Pvt Ltd. Vs Commissioner of Customs (CESTAT Ahmedabad) - After amendment of section 110(2) it was concluded that no separate notice was necessary, before extending the period of limitation by a further six months (for issuance of show cause notice); the authority had to record reasons in writing, which of course, should be based on materials and inform th...
Read MoreBird Retail Pvt. Ltd. Vs Commissioner of Customs (Import) (CESTAT Delhi) - Adjudicating Authority was right in in imposing a penalty under the provision of Section 114A and Section 114AA of the Customs Act, 1962 as both the appellants were fully aware that M/s B Pvt. Ltd. was importing complete Segway electrically operated product in CKD condition by mis-declaring the s...
Read MoreCircular No. 17/2020-Customs - (03/04/2020) - CBIC has decided to take certain measures for a temporary period in terms of section 143AA of the Customs Act, 1962 with a view to expedite Customs clearance of goods and for maintaining balance between Customs control and facilitation of legitimate trade....
Read MoreD.O.No.08/01(IC)/2020 - (30/03/2020) - While making every possible effort to facilitate legitimate trade, our frontline officers and staff need to be vigilant to thwart potential vulnerabilities in the international supply chain for illicit trade including counterfeit medicines, personal protective equipment and related items. as well as...
Read MoreNotification No. 37/2020-Customs (N.T.) - (01/04/2020) - CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 28.03.2020 vide Notification No. 37/2020-Customs (N.T.), Dated: 1st April, 2020. Government Of India Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) ***** Notification No. 37/2020 ...
Read MoreNotification No. 36/2020-Customs (N.T.) / S.O. 1234(E). - (31/03/2020) - Tariff Notification No. 36/2020-Customs (N.T.), Dated: 31.03.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No...
Read MoreNotification No. 18/2020-Customs [G.S.R. 227 (E).] - (30/03/2020) - CBIC extends the exemption from Integrated Tax and Compensation Cess upto 31.03.2021 on goods imported against AA/EPCG authorizations vide Notification No. 18/2020-Customs dated 30th March, 2020....
Read MoreCircular No. 17/2020-Customs - (03/04/2020) -
D.O.No.08/01(IC)/2020 - (30/03/2020) -
Notification No. 37/2020-Customs (N.T.) - (01/04/2020) -
Notification No. 36/2020-Customs (N.T.) / S.O. 1234(E). - (31/03/2020) -
Notification No. 18/2020-Customs [G.S.R. 227 (E).] - (30/03/2020) -
Notification No. 35/2020-Customs (N.T.) - (30/03/2020) -
Notification No. 34/2020-Customs (N.T.) - (27/03/2020) -
Shri Chinta Haran Ojha Vs Principal Commissioner of Customs (CESTAT Delhi) -
Notification No. 33/2020-Customs (N.T.) [S.O. 1221(E).] - (26/03/2020) -
Notification No. 32/2020 - Customs (N.T.) - (26/03/2020) -