In case of conflict, IBC prevails over Customs Act: Supreme CourtThe top court also held that the customs authority cannot claim title over the goods and issue notice to sell the goods in terms of the Cus...
SC holds in case of conflict Insolvency and Bankruptcy Code prevails over Customs ActA bench of Chief Justice NV Ramana and Justices JK Maheshwari and Hima Kohli set aside an order of the National Company Law Appellate Tribu...
Ministers to meet Industry on high freight rates, container shortageAs per industry sources, China manufactures almost 85% of the global shipping containers. Moreover, Chinese ports are either closed or oper...
Govt plans to scrap e-comm ‘gifts’ to curb China importsVendors have been misusing a provision that allows citizens to receive duty-free ‘gifts' of under Rs 5,000.
Imported solar equipment won’t attract customs dutyThe reclassification became a serious issue for solar developers with solar imports being held back, initially at Chennai port, and later a...