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...
15 Oct, 2024, 11.33 PM IST
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...
24 Jul, 2024, 10.33 PM IST
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...
08 Jun, 2024, 11.35 PM IST
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...
25 Mar, 2023, 09.51 AM IST
Top US advocacy group submits Budget wish list, seeks rationalisation of tax systemThe forum advocated for a stable and predictable tax environment, more improvements in ease of doing business, rationalisation of the cost ...
28 Jan, 2023, 10.24 AM IST
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...
20 Aug, 2022, 12.57 AM IST
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...
19 Aug, 2022, 09.57 AM IST
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...
01 May, 2022, 10.34 PM IST
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...
26 Aug, 2021, 07.09 PM IST
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...
30 Jan, 2021, 12.57 PM IST
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...
04 Jan, 2021, 02.59 PM IST
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...
04 Jan, 2021, 07.46 AM IST
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...
17 Dec, 2020, 08.35 PM IST
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...
14 Dec, 2020, 07.16 AM IST
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...
04 Nov, 2020, 10.38 AM IST
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...
24 Oct, 2020, 10.11 AM IST
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...
18 Sep, 2020, 06.44 PM IST