Custom Duty : The circular permits unloading of returned export cargo and cancellation of Shipping Bills under special conditions. Export incent...
Goods and Services Tax : Analysis of GSTR-1 vs GSTR-3B mismatch, Section 128A interest/penalty waiver, and the controversial CBIC circular. Legal challenge...
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...
Custom Duty : The reform removes value restrictions on courier exports, enabling higher-value shipments. It aims to boost e-commerce exports and...
Custom Duty : Exporters using the postal route can now claim Duty Drawback, RoDTEP, and RoSCTL benefits. The move creates parity with other expo...
DGFT : Union Commerce Minister Piyush Goyal has launched a guidebook mapping 12,167 HSN Codes to 31 ministries, aiming to improve policy,...
Custom Duty : The government provides details on current vacancies in the CBDT and CBIC, citing ongoing recruitment efforts and challenges like ...
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 : The Central Administrative Tribunal, Cuttack, imposed a ₹20,000 cost on the CBIC Chairman for non-compliance with its earlier di...
Goods and Services Tax : Delhi High Court held that demand on account of ITC availed from supplier whose GST registration has been cancelled retrospectivel...
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Custom Duty : Delhi High Court calls for a review of Baggage Rules to address outdated limits on gold jewellery and prevent harassment of genuin...
Custom Duty : The government has retained existing tariff values for key imports like gold, silver, and edible oils. The update ensures valuatio...
Goods and Services Tax : Raigad CGST Commissionerate issued SOPs for taxpayer grievance redressal, introducing open house meetings, local seminars, and esc...
Custom Duty : CBIC circular simplifies bank account registration for exporters. Same incentive bank account and IFSC code are now auto-approved ...
Custom Duty : CBIC newsletter covers GST Bachat Utsav, grievance redressal rank, BRICS recognition, cargo scanner launch, and GST evasion enforc...
Custom Duty : CBIC launches a training program for civil servants, integrates digital test reports for customs, and mandates an annual training ...
The Central Board of Indirect Taxes and Customs (CBIC) has issued an instruction to its commissioners for a special drive to dispose all the pending refund claims vide Instruction No. 10/2021 – Customs dated 13/05/2021. The drive is called as “Special Refund and Drawback Disposal Drive” which would be for the period from 15th of […]
This Special Drive shall be in place from 15th May 2021 to 31st May 2021. It is expected that during this period all refund and drawback claims that are pending as on 14th May 2021 shall be disposed.
The country is going through an extremely difficult phase due to the second wave of the Covid pandemic. Government is making all efforts to contain the fallout and bring urgent relief to affected citizens. Our department is also a part of this humanitarian effort.
The gross GST revenue collection of Rs. 1,41,384 crore in April, 2021, has set a new record as the highest ever collection in a month ever since the introduction of GST in the country.
In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials such as Remdesivir, its API, Diagnostic Markers, Medical Oxygen, Oxygen concentrators and other oxygen storage and transportation equipment, for a limited period.
It was decided that in all cases of covid related imports facilitated by Ministry of External Affairs and/ or imported by Indian Red Cross society, permissions/ licences/ authorizations required from other Government Department/Agencies prior to the clearance of goods, if any, would be deemed to have been given. In other words, such cases need not be referred to those agencies or the requirement may be suitably waived.
Seeks to levy anti dumping duty on imports of Polytetrafluoroethylene (PTFE) Products originating in or exported from China PR, to prevent the circumvention of anti dumping duty levied on Polytetrafluoroethylene (PTFE) originating in or exported from China PR vide notification No. 36/2017-Customs(ADD) dated 28 July, 2017. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) […]
It is requested that all Customs formations may be sensitised of the urgency of this matter and may be directed to give high priority for Customs clearances of import of goods relating to COVID 19 pandemic, including oxygen related equipments etc.
Customs officers at the IGI Airport intercepted and arrested two individuals coming from abroad and seized 14 Kgs of a white substance prima facie confirmed found to be Heroin. Officers in Lucknow, in two different cases made at the Lucknow International Airport, seized gold weighing about 2.3 Kgs valued at Rs. 1.13 crore and 33 Gold Biscuits weighing 3.8 Kgs and valued at Rs. 1.89 crore.
There has been encouraging news from Kolkata on the trade facilitation front. On the 7th of April, our officers cleared the second riverine protocol route for exports from Bangladesh to India. A barge laden with 40,000 cartons of food products started its journey from Palash in Bangladesh and reached Kolkata in eight days after travelling around 710 Kms on the inland waterway.
