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The CBIC based upon various queries related to Electronic Cash Ledger, raised by the EXIM Trade / Customs Brokers, certain issues have been clarified. Query : If custom duty amount is not integrated in ICES, the same should be credited automatically in ‘ECL’ wallet? Response: If the amount is not integrated in ICES, amount will be c...

Central Bureau of Investigation has arrested a Superintendent of Customs, Kolkata for demanding & accepting a bribe of Rs.50,000/- from the Complainant....

CBIC issued Circular No. 09/2023 - Customs, dated 30 March 2023 to clarify on phased implementation of Electronic Cash Ledger (ECL) with effect from 01 April 2023....

Customs duty full exemption for all imported drugs & Food for Special Medical Purposes for personal use for treatment of all Rare Diseases The Central Government has given full exemption from basic customs duty on all drugs and Food for Special Medical Purposes imported for personal use for treatment of all Rare Diseases listed unde...

The Directorate of Revenue Intelligence (DRI) celebrated its 65th Founding Day on 5th December 2022 in an Inaugural Function held in New Delhi. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today. The Minister stated that the inaugural function was followed by ...

Article contains Explanatory Memorandum to Notification Nos. 02 to 12-Customs, dated the 1st February, 2023 and Explanatory Memorandum to Notification No. 05/2023-Central Excise, dated the 1st February, 2023 which are notified to give effect to changes proposed by Union Finance Budget 2023-24. Explanatory Memorandum to Notification Nos. 0...

BASIC CUSTOMS DUTY RATES ON GOODS, OTHER THAN TEXTILES AND AGRICULTURE, REDUCED FROM 21 TO 13 CUSTOM DUTY EXEMPTED ON IMPORT OF CAPITAL GOODS AND MACHINERY FOR MANUFACTURE OF LITHIUM-ION CELLS FOR BATTERIES USED IN ELECTRIC VEHICLES EXEMPTION IN CUSTOM DUTY ON VARIOUS PARTS OF IT & ELECTRONICS INVERSION OF DUTY STRUCTURE RECTIFIED FOR...

Budget 2023-24 proposed to revise National Calamity Contingent Duty (NCCD) on specified cigarettes upwards by about 16 percent....

Union Minister of Steel and Civil Aviation Shri Jyotiraditya Scindia stated that the removal of export duties on steel and stainless steel by the government will herald a new era for the nation's steel sector, and allow it to firmly establish its position in the global market....

The Central Government has restored the status quo as was prevailing prior to 22nd May,2022 and withdrawn the  export duty  on iron ores lumps & Fines below 58% Fe content,  iron ore pellets and the specified steel products including pig iron. The import duty concessions  on Anthracite / PCI coal, coking coal, coke & semi cok...