CBIC

Duty Credit Ledger Under Customs

Income Tax - 1. One of the important feature proposed in the Budget 2020 under Customs Law is the implementation of the system of Duty Credit Ledger. Sec. 51B is proposed to be inserted in the Customs Act, 1962 to implement the same. Said provisions reads as under: “51B. (1)The Central Government may, by notification in the Official […]...

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Authorized Economic Operator Programme

Income Tax - AEO is a voluntary programme. It enables Indian Customs to enhance and streamline cargo security through close cooperation with the principle stakeholders of the international supply chain viz. importers, exporters, logistics providers, custodians or terminal operators, custom brokers and warehouse operators. The Circular 33/2016 – Cust...

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Authorized Economic Operator (AEO)

Income Tax - About AEO AEO is a program under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate Global Trade. The programs aim is to enhance international supply chain security and facilitate movement of legitimate goods. AEO is a voluntary compliance program. It enables Indian Customs to enhance an...

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Direct Port Delivery (PDP) Scheme For Exim Clearances- Under Customs

Income Tax - CBIC has taken various steps which have had the impact of reducing the dwell time as well as bringing down the logistics cost of EXIM clearances. One of the flagship initiatives in this regard has been the Direct Port Delivery (DPD) of containers to the importers thus obviating the need of routing the clearance through […]...

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Central Excise / Service Tax NEFT – RTGS Payments Process on ICEGATE

Income Tax - CBIC enables Central Excise and Service Tax Duties payment collection from ICEGATE via NEFT/RTGS The Central Board Indirect Taxes and Customs ( CBIC ) has enabled Central Excise and Service Tax Duties payment collection from ICEGATE via NEFT/RTGS. The CBIC has issued advisory and explained Steps for making and enabling payments through ic...

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CBIC Concept Paper on Faceless e-Assessment for imported goods

Income Tax - Notice 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/ ...

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CBIC destroys large quantities of narcotics & psychotropic drugs

Income Tax - Central 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...

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CBIC Introduces Machine based automated clearance of imported goods

Income Tax - Keeping 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....

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CBIC has a big role in India’s rise in Ease of Doing Business rankings : Shri Anurag Thakur

Income Tax - Union Minister of State for Finance & Corporate Affairs, Shri Anurag Singh Thakur has expressed confidence that with concerted efforts of the Central Board of Indirect Taxes & Customs (CBIC), India would further improve its position in ranking for Ease of Doing Business....

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Salaries not subject to GST: Unconfirmed CBIC press release on Social Media

Income Tax - Central Board of Indirect Taxes & Customs (CBIC) today clarified that salaries are not subject to GST and no GST has been demanded on salaries paid to CEOs or employees. CBIC said that the media report in this regard alleging that tax authorities want to impose GST on salaries paid to employees is factually incorrect and misrepresents tax...

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Be sensitive to constraints of taxpayers & treat them with empathy: CBIC Chairman

D.O. No. 07/CH(IC)/2020 - (23/03/2020) - While I have been reminding you every week to keep your focus on revenue, in the current situation, we need to be sensitive to the constraints of taxpayers and treat them with empathy. The days ahead may test our mettle but I am sure our senior officers will be able to provide the leadership and gui...

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Preventive Measure to contain spread of COVID 19-Do’s & Don’ts

Notification No. F. No. C-50/ 30/2020-Ad.II - (19/03/2020) - In order to contain the spread of Novel Coronavirus (COVID-19), some precautionary measures are required to be taken by all the employees and the Ministries/Departments. In this regard, it has been decided to issue the following advisory for the well-being of Government employees and in public inter...

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Issue Polite reminders for filing of GSTR-3B- CBIC Chairman

D.O.No.06/CH(IC)/2020 - (16/03/2020) - M. Ajit Kumar, Chairman Of  CBIC has said that With due dates for filing of GSTR-3B fast approaching, I am sure that those of you on the GST side, would be in touch with the tax payers. Polite reminders would help their timely contribution to nation building by enabling the government to achieve it...

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Govt approves construction of GST Building at Ranga Reddy & Udaipur

D.O.No. 05/CH(IC)/2020 - (09/03/2020) - On the staff welfare and infrastructure front, the persistent efforts of all officers concerned in the Ministry, DGHRD(Infra.), and those in the field formations of Hyderabad and Jaipur CGST Zones, have culminated in the administrative approval and expenditure sanction for the purchase of land measu...

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Transportation of Goods (Through Foreign Territory), Regulations, 2020

Notification No. 16/2020-Customs (N.T.) [G.S.R. 136(E)] - (21/02/2020) - (1) These regulations may be called the Transportation of Goods (Through Foreign Territory), Regulations, 2020. (2) They shall come into force on the day of their publication in the official gazette....

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Recent Posts in "CBIC"

Be sensitive to constraints of taxpayers & treat them with empathy: CBIC Chairman

D.O. No. 07/CH(IC)/2020 (23/03/2020)

While I have been reminding you every week to keep your focus on revenue, in the current situation, we need to be sensitive to the constraints of taxpayers and treat them with empathy. The days ahead may test our mettle but I am sure our senior officers will be able to provide the leadership and guidance to enable our officers and staff t...

Read More

Preventive Measure to contain spread of COVID 19-Do’s & Don’ts

Notification No. F. No. C-50/ 30/2020-Ad.II (19/03/2020)

In order to contain the spread of Novel Coronavirus (COVID-19), some precautionary measures are required to be taken by all the employees and the Ministries/Departments. In this regard, it has been decided to issue the following advisory for the well-being of Government employees and in public interest....

Read More

Issue Polite reminders for filing of GSTR-3B- CBIC Chairman

D.O.No.06/CH(IC)/2020 (16/03/2020)

M. Ajit Kumar, Chairman Of  CBIC has said that With due dates for filing of GSTR-3B fast approaching, I am sure that those of you on the GST side, would be in touch with the tax payers. Polite reminders would help their timely contribution to nation building by enabling the government to achieve its fiscal […]...

Read More

Govt approves construction of GST Building at Ranga Reddy & Udaipur

D.O.No. 05/CH(IC)/2020 (09/03/2020)

On the staff welfare and infrastructure front, the persistent efforts of all officers concerned in the Ministry, DGHRD(Infra.), and those in the field formations of Hyderabad and Jaipur CGST Zones, have culminated in the administrative approval and expenditure sanction for the purchase of land measuring 3 acres, at the cost of Rs. 58.37 C...

Read More

Transportation of Goods (Through Foreign Territory), Regulations, 2020

Notification No. 16/2020-Customs (N.T.) [G.S.R. 136(E)] (21/02/2020)

(1) These regulations may be called the Transportation of Goods (Through Foreign Territory), Regulations, 2020. (2) They shall come into force on the day of their publication in the official gazette....

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UTGST: CBIC notifies rate of GST on supply of lottery

Notification No. 1/2020-Union territory Tax (Rate) [G.S.R. 136(E)] (21/02/2020)

Seeks to amend notification No. 1/2017- Union Territory Tax (Rate) dated 28.06.2017 so as to notify rate of GST on supply of lottery GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 1/2020-Union territory Tax (Rate) New Delhi, the 21st February, 2020 G.S.R. 136(E).– In exercise of the powers conferred...

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CBIC Concept Paper on Faceless e-Assessment for imported goods

Notice 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 More
Posted Under: Custom Duty |

Duty Credit Ledger Under Customs

1. One of the important feature proposed in the Budget 2020 under Customs Law is the implementation of the system of Duty Credit Ledger. Sec. 51B is proposed to be inserted in the Customs Act, 1962 to implement the same. Said provisions reads as under: “51B. (1)The Central Government may, by notification in the Official […]...

Read More
Posted Under: Custom Duty |

CBIC destroys large quantities of narcotics & psychotropic drugs

Central 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 More
Posted Under: Custom Duty |

CBIC Introduces Machine based automated clearance of imported goods

Keeping 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 More
Posted Under: Custom Duty |

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