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Sixteen number of imported luxury cars have been seized in the country during the recent past between April,2011 to July 2011.They are valued at Rs.6.75 crores and involves evasion of duty of Rs.4.87 crores. All Customs field formations have been sensitized and alerted to prevent smuggling of imported cars into the country. Action under t...

The Union Cabinet today gave its approval for introducing a Legislative Amendment Bill to amend Section 28 of the Customs Act, 1962 (52 of 1962) to retrospectively recognize specified Customs officers as 'proper officers' for assessment of Customs duty thereby validating large number of Show Cause Notices involving substantial Customs rev...

The Central Bureau of Investigation has registered a case against a Joint Commissioner; an Assistant Commissioner; four Supdts & one Inspector of Central Excise of Thiruvananthapuram Airport and one clearing agent for cheating and allegedly obtaining illegal gratification....

Ahead of Prime Minister Manmohan Singh's visit to Bangladesh, India, in a goodwill gesture, has allowed zero duty import of vegetables, spices and garments from the neighbouring country, with immediate effect vide Notification No. 60/2011-Customs Dated- 14th July, 2011. However, Bangladesh exporters would enjoy the duty concession only...

The Union Minister for Commerce & Industry and Textiles, Shri Anand Sharma has said that he will recommend duty draw back on cotton yarn exports to Finance Ministry w.e.f. 1st April 2011. On cotton exports he said 'comprehensive view will be taken on cotton exports after an inter-ministerial consultation over next few days and a close wat...

The government has initiated a probe into alleged dumping of digital plates, used in the printing industry, from Japan and China to protect domestic players from cheap imports. Acting on an application of domestic producers on the alleged dumping of 'Digital Offset Printing Plates' from Japan and China, the Directorate General of Anti-dum...

In sync with several other major economies, India initiated less number of anti-dumping probes against imports between October, 2010 and April 2011, according to a joint report of the multilateral agencies. India launched 15 anti-dumping investigations during this period as against 20 in the same months (October 2009 to April 2010) of ear...

The Shamshabad airport police here have registered a case of extortion against two inspectors of the Customs department after a woman passenger accused them of demanding bribe from her, police said today. The woman, who landed at Rajiv Gandhi International Airport (Shamshabad) from Dubai yesterday, lodged a complaint with the police alleg...

Skoda India has agreed before the Supreme Court to pay within four weeks Rs 30 crore to the Customs Department as pre-deposit money for initiating adjudication before the tax tribunal where it has challenged the imposition of duty of Rs 194 crore. A bench comprising justices D K Jain and H L Dattu admitted the request made by the subsidia...

Heavy Industries and Public Enterprises Minister Praful Patel today said his ministry has asked the Finance Ministry to give two years' time to the auto industry to comply with the new import duty norms for completely knocked down units . We have sent a formal request to the Ministry of Finance with the request from SIAM. The industry is...