Custom Duty : CBIC introduces Ekal Anubandh for single electronic bonds, reducing costs and delays for importers/exporters. Learn about its feat...
Goods and Services Tax : Learn about Reverse Charge Mechanism (RCM) under GST, its applicable goods/services, suppliers, recipients, and GST rates. Stay up...
Goods and Services Tax : CBIC issues guidance on GST treatment of vouchers, addressing distribution models, unredeemed vouchers, and associated services to...
Goods and Services Tax : Get a detailed summary of the latest GST notifications and circulars issued on 10 July 2024, including changes in GSTR 1, ISD mech...
Goods and Services Tax : Discover the GST place of supply for custodial services provided by Indian banks to Foreign Portfolio Investors (FPIs), clarified ...
Goods and Services Tax : CBIC alerts taxpayers to fake GST summons. Verify communications using the CBIC-DIN tool online. Report suspicious activity to DGG...
CA, CS, CMA : Reports on GST rate changes based on GoM deliberations are premature, as the GST Council has not yet received any recommendations....
Income Tax : Supreme Court disposes of 573 direct tax cases due to increased appeal limits from the Union Budget 2024-25, reducing tax litigati...
CA, CS, CMA : CBIC has extended export-related benefits for courier shipments in India, boosting e-commerce exports and providing a level playin...
Custom Duty : Discover how CBIC's new Exchange Rate Automation Module (ERAM) simplifies trade with 22 currency exchange rates online. Learn more...
Custom Duty : Delhi High Court directed Customs Officials to ensure that old jewellery of even Indian travellers, personal jewellery which is be...
Goods and Services Tax : Delhi High Court rules that CBIC is not required to clarify GST on Battery Energy Storage Systems (BESS), directing taxpayers to r...
Custom Duty : Delhi High Court calls for a review of Baggage Rules to address outdated limits on gold jewellery and prevent harassment of genuin...
Goods and Services Tax : Patna HC restores GST appeal under BGST Act with conditions for payment, following a dismissed appeal due to delayed filing....
Goods and Services Tax : Rajasthan High Court dismisses Hero Motocorp's writ against GST show-cause notice, affirming the legality of the notice and allowi...
Custom Duty : CBIC updates tariff values for palm oils, metals, and areca nuts under Customs Act; changes effective from April 16, 2025, as per ...
Goods and Services Tax : CBIC to launch electronic clearance for personal import/export at airports. Lucknow CGST's Swachhta initiative. DRI busts Mephedro...
Custom Duty : CBIC reports strong March 2025 GST revenue, timely officer transfers, and launch of 'Aakalan' performance dashboard....
Custom Duty : CBIC clarifies customs duty on IFPDs vs. monitors, removing IGCR condition and providing technical guidance for classification....
Custom Duty : CBIC clarifies Polyethylene Glycol (CAS 25322-68-3) is not under SCOMET. No export authorization needed. Officers to comply....
This was amply borne out last week when Hon’ble Union Minister for Finance and Corporate Affairs and the Ministers of State for Finance graced the Investiture Ceremony for honoring 53 officers awarded the President’s Award for Specially Distinguished Record of Service and Exceptionally Meritorious Service at the Risk to Life.
Union Finance minister confers the Presidential awards to CBIC officers President’s Awards 2021 & 2022 Investiture Ceremony The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman was the Chief Guest at the Investiture Ceremony for the conferment of the Presidential Awards in the form of Appreciation Certificates and Medals for – “Exceptionally Meritorious […]
On the anti-evasion side, CGST Commissionerate, Gandhidham booked a case of irregular availment of Input Tax Credit (ITC) on ‘Base Oil’ by certain Transporters in Kutch who are reported to have been illegally using such ‘Base Oil’ as automotive fuel. Further, such misuse is environmentally egregious. It is reported that the total inadmissible ITC availed is in excess of Rs. 13 Crore and that an amount of Rs. 5.80 Crore has been recovered till date.
Certain important changes under Central Excise related functionality incorporated in CBIC-ACES-GST Integrated Application w.e.f. JANUARY 2022: 1. New Account Head Code, namely, ‘00380416’ has been allotted in respect of Central Excise levy namely ‘Agriculture Infrastructure and Development Cess’ on permanent basis by Pr.CCA, CBIC vide. O.M.dated 29.12.2021. Please see under Central Excise> e-Payment menu > […]
Consumer Welfare Fund made available to Board under Rule 97(7A) of the CGST Rules, 2017 (Management & Administration) Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance, Government of India SECTION-I Introduction Consumer Welfare Fund (CWF) has been constituted under Section 57 of the Central Goods & Service Tax (CGST) […]
It is stated that imported consignments of Sajji Khar/Papad Khar does not require product approval under FSS (Approval of non-specified food and food ingredients) Regulations, 2017 and these may be considered as food not specified till standards are notified by FSSAI.
Darjeeling Tea is recognised for its unique flavour and qualities and has acquired tremendous domestic and international reputation. The DoC is in receipt of various communications raising concerns regarding import of tea from Nepal and the domestic sale of such imported teas as “Darjeeling Tea”, thereby adversely impacting the interests of the domestic Darjeeling Tea Planters.
CBIC launches online digital application for scheduling of examination of cargo for traders at ICD Tughlakabad, Delhi ICD Tuglakabad’s initiative will improve logistics efficiency of industry by launching Customs clearance work on Sundays and all public holidays Customs at ICD Tuglakabad also inaugurates Baggage Scanner for non-intrusive examination of unaccompanied baggage/palletized import Cargo As a […]
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 85/2021-Customs (N.T.) New Delhi, the 27th October, 2021 G.S.R. 768(E). – In exercise of the powers conferred by section 157 read with section 84 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect […]
Import of crushed and de-oiled GM soya cake – Relaxation in applicability of provision in Para 6 (b) of General Notes Regarding Import Policy Schedule — I (Imports) of the ITC(HS) 2017, Schedule [(Import Policy)-reg
