CBIC

CBIC introduces flagship Liberalised AEO Package for MSMEs

Goods and Services Tax - About AEO In 2011, Indian Authorised Economic Operator (AEO) Programme was introduced by Central Board of Indirect Taxes & Customs (“CBIC”). In 2012, Government came up with further rules and instructions in reference to AEO Programme. Administered by CBIC, the Indian AEO Programme is a voluntary programme that applies to all busi...

Read More

CBIC: Compassion & not Exploitation is key to success

Goods and Services Tax - Let us pay attention to the very basics. The Parliament mandates promotion of exports through DGFT as policymaker & Customs administration is put in place to conduct International trade in accordance with the law. Particularly, in case of exports (which is necessary evil for a developing country to subsidize & conduct exports), th...

Read More

Why income tax website is showing GST DATA

Goods and Services Tax - CBDT MOU with CBIC has resulted in income tax website now showing GST data of a taxpayer. As discussed above, the sharing of information was to avoid tax evasion and increase reporting of turnover. This sharing of information includes tracing non-filers under the Income Tax Act, 1961 and the Goods and Services Act, 2017....

Read More

Summary of Notifications by CBIC on 24th June 2020

Goods and Services Tax - SUMMARY OF NOTIFICATIONS BY CBIC ON 24th June 2020 i. Waiver / Reduced rate of interest for delayed in filing of GSTR-3B for various months – (Notification No. 51/2020 – Central Tax dated 24th June 2020) ii. Wavier of Late Fees for delay in filing of GSTR-3B for the returns from Feb 2020 till June 2020 […]...

Read More

Provisions of Refunds under Customs Act, 1962

Goods and Services Tax - Section 26 of the Customs Act, 1962 prescribes provision for refund of export duty, Section 26A of the Customs Act, 1962 deals with refund of import duty in certain cases and Section 27 of the Customs Act, 1962 prescribes claim for refund of duty in case of excess payment duty on importation. The relevant provisions […]...

Read More

MCA & CBIC sign MoU for exchange of data

Goods and Services Tax - MCA & CBIC sign MoU for exchange of data for enhancing Ease of Doing Business in India and improve overall regulatory enforcement...

Read More

CBIC introduces flagship Liberalised Authorised Economic Operator Package for MSMEs

Goods and Services Tax - CBIC has taken a new initiative to introduce its flagship Liberalised MSME AEO Package for Micro Small and Medium Enterprises (MSMEs)....

Read More

Cabinet approves Industrial Corridor nodes at Krishnapatnam & Tumakuru under CBIC

Goods and Services Tax - Cabinet approves Industrial Corridor nodes at Krishnapatnam and Tumakuru under CBIC. Multi Modal Logistics Hub & Multi Modal Transport Hub (MMTH) at Greater Noida also approved. ...

Read More

Beware of fake matrimonial alliances!

Goods and Services Tax - Beware of fake matrimonial alliances! Indian Customs never calls or send message for paying duty in a personal bank account. All communication from Indian Customs contain a Document Identification Number (DIN) which can be verified online. SCAM ALERT Matrimonial Dating Scam! MATRIMONIAL MATCH BEWARE OF SUCH SCAMS! DON’T FALL PREY TO...

Read More

CBI arrests A Former DC of CBIC In An Alleged Bribery Case

Goods and Services Tax - The Central Bureau of Investigation has arrested a former Deputy Commissioner of Central Board of Indirect Taxes & Customs; a Customs House Agent and a Businessman (an importer of toys) in an alleged bribery case of Rs. One Lakh....

Read More
Sorry No Post Found

Fake invoices with a face value of Rs. 3308 crore unearthed

D.O.No.54/CH(IC)/2020 - (01/03/2021) - I am happy to note that the anti-evasion teams of Jaipur and Alwar CGST Commissionerates have used data analytics to unearth a large case of fraudulent ITC availment, involving fake invoices with a face value of Rs. 3308 crore by several non-existent firms registered in Jaipur. These firms had fraud...

Read More

Weekly newsletter from Chairman, CBIC, Dated: 22.02.2021

Notification No. D.O.No.55/CH(IC)/2020 - (22/02/2021) - On the anti-evasion front, officers of CGST Delhi West Commissionerate need to be appreciated for their good work in bringing to book those involved in the illegal manufacturing and clandestine supply of gutkha/pan masala/tobacco products....

Read More

CBIC unearthed 9294 fake GSTINs in just 3 months

No. D.O.No.54/CH(IC)/2020 - (15/02/2021) - It's now three months since the drive against the fraudulent use of fake GST invoices was launched in the second week of November, 2020. As on 13th February, 2021, the department has made 3046 cases and unearthed about 9294 fake GSTINs in just these 3 months. ...

Read More

RoDTEP scheme come into operation from 01st January 2021

D.O.No. 50/CH(IC)/2020 - (18/01/2021) - As you are aware, the RoDTEP (Remission of Duties and Taxes on Exported Products) scheme has come into operation from  01st January, 2021. The scheme seeks to refund duties / taxes / levies at the Central / State and local levels, which have not already been exempted or remitted or given as credit....

Read More

CBIC rescinds Customs (Advance Rulings) Rules 2002

Notification No. 02/2021-Customs (N.T.) - (04/01/2021) - Notification No. 02/2021-Customs (N.T.) – CBIC rescinds Customs (Advance Rulings) Rules 2002 which were notified by notification o No. 55/2002-Customs (NT), dated the 23rd August,2002. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 04 January, 2021 Notification ...

Read More

Recent Posts in "CBIC"

Fake invoices with a face value of Rs. 3308 crore unearthed

D.O.No.54/CH(IC)/2020 (01/03/2021)

I am happy to note that the anti-evasion teams of Jaipur and Alwar CGST Commissionerates have used data analytics to unearth a large case of fraudulent ITC availment, involving fake invoices with a face value of Rs. 3308 crore by several non-existent firms registered in Jaipur. These firms had fraudulently availed ITC of about Rs. 83.37 c...

Read More

MCA & CBIC sign MoU for exchange of data

MCA & CBIC sign MoU for exchange of data for enhancing Ease of Doing Business in India and improve overall regulatory enforcement...

Read More

Weekly newsletter from Chairman, CBIC, Dated: 22.02.2021

Notification No. D.O.No.55/CH(IC)/2020 (22/02/2021)

On the anti-evasion front, officers of CGST Delhi West Commissionerate need to be appreciated for their good work in bringing to book those involved in the illegal manufacturing and clandestine supply of gutkha/pan masala/tobacco products....

Read More

CBIC unearthed 9294 fake GSTINs in just 3 months

No. D.O.No.54/CH(IC)/2020 (15/02/2021)

It's now three months since the drive against the fraudulent use of fake GST invoices was launched in the second week of November, 2020. As on 13th February, 2021, the department has made 3046 cases and unearthed about 9294 fake GSTINs in just these 3 months. ...

Read More

RoDTEP scheme come into operation from 01st January 2021

D.O.No. 50/CH(IC)/2020 (18/01/2021)

As you are aware, the RoDTEP (Remission of Duties and Taxes on Exported Products) scheme has come into operation from  01st January, 2021. The scheme seeks to refund duties / taxes / levies at the Central / State and local levels, which have not already been exempted or remitted or given as credit....

Read More

CBIC introduces flagship Liberalised AEO Package for MSMEs

About AEO In 2011, Indian Authorised Economic Operator (AEO) Programme was introduced by Central Board of Indirect Taxes & Customs (“CBIC”). In 2012, Government came up with further rules and instructions in reference to AEO Programme. Administered by CBIC, the Indian AEO Programme is a voluntary programme that applies to all busi...

Read More

CBIC introduces flagship Liberalised Authorised Economic Operator Package for MSMEs

CBIC has taken a new initiative to introduce its flagship Liberalised MSME AEO Package for Micro Small and Medium Enterprises (MSMEs)....

Read More

CBIC rescinds Customs (Advance Rulings) Rules 2002

Notification No. 02/2021-Customs (N.T.) (04/01/2021)

Notification No. 02/2021-Customs (N.T.) – CBIC rescinds Customs (Advance Rulings) Rules 2002 which were notified by notification o No. 55/2002-Customs (NT), dated the 23rd August,2002. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 04 January, 2021 Notification No. 02/2021-Customs (N.T.) G.S.R._______...

Read More

Cabinet approves Industrial Corridor nodes at Krishnapatnam & Tumakuru under CBIC

Cabinet approves Industrial Corridor nodes at Krishnapatnam and Tumakuru under CBIC. Multi Modal Logistics Hub & Multi Modal Transport Hub (MMTH) at Greater Noida also approved. ...

Read More

Beware of fake matrimonial alliances!

Beware of fake matrimonial alliances! Indian Customs never calls or send message for paying duty in a personal bank account. All communication from Indian Customs contain a Document Identification Number (DIN) which can be verified online. SCAM ALERT Matrimonial Dating Scam! MATRIMONIAL MATCH BEWARE OF SUCH SCAMS! DON’T FALL PREY TO...

Read More

Browse All Categories

CA, CS, CMA (5,224)
Company Law (6,943)
Custom Duty (8,314)
DGFT (4,461)
Excise Duty (4,442)
Fema / RBI (4,563)
Finance (4,799)
Income Tax (36,047)
SEBI (3,841)
Service Tax (3,679)

Search Posts by Date

March 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031