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CBIC REGULATIONS
India's export ambitions need more than infrastructure, says BCBAAs India pursues its economic ambitions, the customs and logistics ecosystem will play a pivotal role in enhancing trade competitiveness an...- CBIC allows remote clearance for sea cargoThe Central Board of Indirect Taxes and Customs has introduced new procedures for vessel entry and departure. Customs officers will now gra...
- Finance ministry may review MOOWR benefits for battery storage importsThe Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised conce...
- Centre designates core customs and indirect tax digital platforms as “critical information infrastructure” under IT ActThe Indian government has designated core customs and indirect tax digital platforms, including ICEGATE, ECCS, and ACES-GST, as "critical i...
- CBIC launches vigilance probe against Chennai customs officialsThe CBIC has launched a vigilance investigation into allegations of irregularities by Chennai-based importer M/s Wintrack Inc against Chenn...
- CBIC extends NOC validity for imported alcoholic beveragesThe CBIC has extended the validity of No Objection Certificates for imported alcoholic beverages bottled at origin or in bulk with over 10%...
- No GST on penal charges levied by banks, NBFCs: CBICGST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such charges being d...
- Airlines to mandatorily share each & every detail of international travellers - payment, itinerary, baggage, 16 others - with Govt from April 1, 2025Govt to collect each and every passenger data: The Passenger Name Record Information Regulations, 2022 empower the customs department to co...
- Airlines to mandatorily share international passenger data with Customs from April 1From April 1, 2025, airlines must share foreign passenger details with Indian Customs 24 hours before international flights. Non-compliance...
- WTC Mumbai submits memorandum for GST issue redressalThis memorandum highlights the emerging challenges or concerns of the industry and suggests suitable recommendations to address these chall...
- Customs dept closely monitoring toy imports, newer modus operandi adopted to circumvent BIS norms: CBICThe CBIC on Saturday said the customs department is closely monitoring import of toys and continuously tackling newer modus operandi adopte...
- CBIC notifies automated system for postal exports; exporters need not visit foreign post officeCurrently, for exporting a parcel through the postal route, an exporter or his agent is required to file the export declaration at any of t...
- Ice-cream parlours to attract 18% goods and services tax: CBICIt said in a circular that past tax dues of ice-cream parlours that attracted GST at the rate of 5% without input tax credit shall be treat...
- Customs can put tracking devices on 'suspect' goodsAs per the CBIC notification, if a proper officer having a reasonable belief that a suspect consignment is being imported into or exported ...
- CBIC puts in response teams for faster clearance of Covid vaccine shipmentsThe plan provides for setting up of a COVID-19 Vaccine Response Team (CVRT) at each Air Cargo/Courier Terminal. So far, India has allowed d...
- CBIC issues verification regulations for new importers, exportersThe Commissioner of Customs shall on the basis of the report of verification submitted by the proper officer, and other evidence as deemed ...
- Govt eases courier import norms for Covid vaccinesThe CBIC has amended the Courier Imports and Exports (Electronic Declaration and Processing) regulations allowing for import of vaccine whi...
- CBIC permits import and export of coronavirus vaccines through courierCBIC has amended the Courier Imports and Exports (Electronic Declaration and Processing) regulation to allow for temporary import and re-ex...
- Government departments discuss draft bill to ban cryptocurrenciesGovernment departments have endorsed the idea of a complete ban on all types of cryptocurrency, sources said.
- CBIC again defers e-sealing on deposit, removal of goods from customs warehouses"The board has decided to further defer the implementation" of electronic sealing for deposit in and removal of goods from customs bonded w...
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