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CAROTAR RULES
World MSME Day: What India’s recent FTAs and trade deals mean for MSMEsWhile FTAs have opened global markets for MSMEs, experts say future deals should be designed more carefully to help small firms compete at ...- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Customs rule of origin changes may raise compliance cost for importers: GTRIThe recent amendments in the customs rules to tighten checks on goods imported under FTAs may complicate imports at concessional duties and...
- After gold, silver & platinum, dates from UAE under scannerIndian authorities are scrutinizing imports of dates from the UAE due to concerns that third countries, especially Pakistan, might be explo...
- Govt proposes self-declaration with regard to proof of origin under Customs lawThe government aims to simplify import procedures under Free Trade Agreements (FTAs) by proposing self-certification for proof of origin fr...
- CBIC orders release of imports without delayIndustry was facing delays in release of consignments and denial of free trade agreement benefits with authorities questioning value additi...
- Twentieth ASEAN-India Summit: Expectations and challengesThe Indian Prime Minister will participate in key summits at the 43rd ASEAN Summit in Jakarta, including the East Asia Summit and the 20th ...
- How exporters are getting steamrolled by a six-decades-old lawThe government is streamlining systems to make trade easier. But the Customs Act of 1962 has many loopholes and ambiguities that puts expor...
- FTA provisions to prevail in rules of origin disputesThe Central Board of Indirect Taxes (CBIC) has instructed its officials to follow provisions in FTAs and the associate rules of origin in c...
- FTA provisions to prevail in case of conflict over Rules of Origin on imported goods, says CBICThe Central Board of Indirect Taxes and Customs (CBIC) informed that the customs field officers should be sensitive to applying CAROTAR and...
- All that glitters in this CEPA...The CEPA at Annexe 2A has the 'Schedule of Specific Tariff Commitments of India' on trade in goods. Annexe 2A highlights the process of eli...
- Customs commissioners can decide security deposit in certain provisional assessments casesThe Board, through amendment of rules, has enabled principal commissioners and commissioners of customs to decide the amount of security re...
- Indirect tax changes that can unshackle the economy from impact of COVID-19Every organisation needs a boost in cash flows to survive the present rough patch. To start with, the government can take simple measures w...
- India's tax pie gets altered because of pandemic; share of direct taxes dropsThe share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct tax...
- Recovery continues despite phases of Covid-19 resurgence: Ajay Bhushan PandeyHe attributed some component of the surge in revenues to the drive launched to identify tax evaders and those availing input tax credit fra...
- CBIC instructs field offices to streamline verification of COOs under CARTOR rulesThe Board said in a letter dated December 17 to field units that enquiries on origin of imported goods should be raised only where there ar...
- India to scrutinise Asean imports to ensure goods are not routed from third countriesA host of consumer durables and telecom equipment imports are under the scanner as part of the endeavour. There is suspicion that these imp...
- India faces container shortage due to export-import mismatchThe waiting time for an access to a container for exporters is now two-three weeks, compared with a maximum of four days earlier, said indu...
- Customs faceless assessment and CAROTAR 2020–Is there a contradiction in philosophy?Keeping in mind the changing demand of businesses in terms of service simplification, the Customs authorities are making constant efforts t...
- Importers to do due diligence for availing duty benefits under FTAs from Sep 21: FinMinThis follows completion of the 30-day period that was given to importers and other stakeholders to familiarise themselves with new provisio...
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