Relief against customs duty payment issues for international travellers; new advisory for stuck paymentsCustoms payment through ICEGATE: Since April 2023 the Customs duty payment have to be made through the ICEGATE portal if its being made onl...
Tech glitch in data transmission led to inflated gold, silver import data: GovernmentThe government has established a committee to create a consistent mechanism for publishing export-import data amid technical glitches. This...
India’s record gold import said to be due to calculation errorIndia's record-high trade deficit in November, fueled by a surge in gold imports, may be due to a data error. Officials potentially double-...
Government extends export benefits under RoDTEP till September 2025The government extends the RoDTEP scheme benefits for exports from DTA units until September 30, 2025, and for AA/EOU/SEZ units until Decem...
SEZs to get RoDTEP scheme benefitsThe scheme does not include all exports. Products exported from SEZs, EOUs, Electronic Hardware Technology Parks, Biotechnology Parks and C...
Senco becomes first qualified jeweller from East India to import gold on India International Bullion ExchangeIndia's first International Bullion Exchange (IIBX) was launched in the GIFT city (Gujarat International Finance Tec-City) in July 2022 to ...
Commerce Ministry addressing issues of exports through ecommerce"We trying to address issues on seamless e-commerce for export promotion. We are in touch of the Department of Revenue, RBI, Icegate, and t...
CBIC may soon introduce automated system of publishing daily exchange rates for 22 currenciesCurrently, Central Board of Indirect Taxes and Customs (CBIC) manually notifies exchange rates of 22 currencies every fortnight -- 1st and ...
Karnataka Bank authorised to collect direct, indirect taxesThe RBI gave this authorisation on the recommendation from the Controller General of Accounts (CGA), Ministry of Finance, the filing said.
Shipment from abroad stuck at ports after new payment system glitchesIn a two series tweet, CBIC said "CBIC has noted difficulties being faced by members of the trade in making duty payments over the customs ...
'Delay in collection of data from some SEZs, ports reason for difference in preliminary and final exports growth numbers for Sep'According to the preliminary data, released on October 3, the merchandise exports contracted by 3.5 per cent in September to USD 32.62 bill...
Faceless scheme: Importers can complain online for delay in clearance of Bill of EntryThe Central Board of Indirect Taxes and Customs (CBIC) has issued an advisory for Anonymised Escalation Mechanism under faceless assessment...
Why ease of compliance is still missing from cross-border trade and how Budget 2022 can address itTrade needs to use tech extensively to control various documentations related to cross-border trade, which will help comply with the provis...
Customers can pay customs duty through ICEGATE portal: Karur Vysya Bank"Customers can now directly pay their customs duty by selecting KVB in ICEGATE. This facility opens doors for the bank for further acquisit...
ICICI Bank now facilitates online payment of customs dutyICICI Bank facilitates online payment of customs duty, to benefit both retail and corporate customers. Corporate customers can pay customs ...
CBIC notifies ICEGATE as common portal for registration, bills of entryIn a notification issued on Monday, the Board has specified the portal as the one for facilitating registration, filing of bills of entry, ...
CBIC sets up Help Desks’ for expeditious IGST refunds for MSME exportersThe Help desks would assist in resolution of IGST refund claims for MSME exporters as part of on-going ‘Refund Fortnight.