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India-UK trade deal: CBIC eases paperwork for UK imports seeking preferential tariffsThe CBIC has made it easier for importers to claim preferential tariffs under the India-UK trade agreement. A valid origin declaration from...- Online fake goods sale: Scrutiny amplified ahead of festive rushAuthorities are increasing scrutiny of online sellers and imports before the busy festive shopping period. The Central Board of Indirect Ta...
- AI, tech to scan cargo without disrupting trade: CBIC ChairmanThe shift is aimed at moving customs enforcement from physical inspection towards intelligence-led, technology-driven risk assessment, he s...
- NITI seeks easier access to geological data, capital for small exploration companiesNiti Aayog recommends government support for junior exploration firms and increased private participation. Streamlining approvals and fores...
- CBIC cuts paperwork in deferred customs duty scheme to boost MSME participation and ease cash flowThe CBIC is simplifying its deferred customs duty scheme for manufacturers. Paperwork has been reduced from ten documents down to just thre...
- CBIC to step up outreach as EMI scheme struggles to attract manufacturersThe CBIC will conduct outreach programs to encourage EMI scheme adoption. Data and documentation requirements for the scheme have been subs...
- Customs should accelerate AI usage to reduce cost, physical interface with trusted taxpayers: CBIC chiefIn a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit d...
- Govt constitutes task force to bring back Formula 1 to IndiaA government task force will examine reviving Formula One and motorsports in India. This group will assess taxation issues and other growth...
- Subhash Chandra Garg cherry-picking figures from two different bases: CBICGarg, who has been at the centre of the recent controversy over the government's GDP growth estimates, had questioned the Centre's claim of...
- GST growth comparisons can’t be 'apples and oranges' says CBIC; hits back at 'misleading' claimsThe CBIC stated that comparing GST revenue figures using different tax bases is misleading. Growth calculations must be made on a like-for-...
- CBIC releases import clearance checklist for cosmetics, drugs, and medical devicesThe CBIC has introduced a new checklist for customs officers reviewing imports. This standardized process aims to streamline clearances for...
- Govt mandates manual verification of imported drugs and medical devices due to SWIFT 2.0 system gapCustoms officers must now manually check import documents for healthcare products. This manual verification applies even to facilitated imp...
- Customs portal aims to curb divergent assessment practicesThe Central Board of Indirect Taxes and Customs has introduced an innovative digital repository designed to assist importers and customs br...
- CBIC eases documentation norms under Eligible Manufacturer Importer schemeThe CBIC has simplified enrolment under the Eligible Manufacturer Importer scheme, cutting required documents from 10 to three. From Septem...
- Slice’s big valuation cut; Betting networks under lensSlice Small Finance Bank has raised fresh funding at less than half its previous valuation. This and more in today's ETtech Top 5.
- DGGI seeks payment trail to crack down on illegal betting networksThe DGGI proposed mandatory recording of website payment details to stop illegal gaming networks. This aims to plug financial system gaps e...
- GST Council's 57th meeting to be held on September 12, officers' meeting on September 11The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in...
- Natural diamond prices have fallen 20-30% from post-pandemic highs: Paul Rowley, De BeersNatural diamond prices have stabilised after a significant correction, with larger stones seeing price increases. De Beers is now focusing ...
- CBIC hikes gold tariff value; check latest update on other key importsThe CBIC has kept tariff values unchanged for several imported goods. Crude palm oil and soybean oil values remain the same for importers. ...
- India opens ports, airports to foreign-bound cargo impacted by Strait of Hormuz disruptionsIndia's ports will temporarily accept foreign-bound cargo diverted from the Strait of Hormuz. Under this measure, unloading, storage, and t...
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