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TURANT CUSTOMS
Start-up wave rises beyond metros as Patna emerges as an unlikely hub of innovationEducated youth are now creating jobs in Patna, Bihar, instead of seeking them in metros. Initiatives like Start-up India are driving this c...
Make GST registration easier using technology, risk-based parameters: FM Sitharaman to CBICFinance Minister Nirmala Sitharaman directed CBIC to simplify GST registration using technology and risk-based parameters, emphasizing tran...
India is at forefront of global trade facilitation efforts: UNESCAP surveyIndia is now the best-performing country amongst all the countries of the South Asia region. The overall score of India has been greater th...
Change the customs: Faceless assessment scheme runs into familiar issuesThe new faceless customs assessment was meant to ease the documentation in import and export of goods. But it has doubled the work of trade...
India rises in digital and sustainable trade facilitation rankings, scores 100% on transparency"The Survey notes that India is the best performing country when compared to South and South West Asia region (63.12%) and Asia Pacific reg...
India improves ranking in trade facilitation aided by reformsAfter evaluation of 143 economies, the 2021 survey has highlighted India's significant improvement in the scores on all five key indicators...
Faceless GST assessment being weighedThe move will be along the lines of the facility for assessment of income tax and customs and is expected to make adjudication and scrutiny...
Economic Survey 2020-21: Enhanced trade facilitation a priority to make exports more competitiveStressing the significance of a resilient logistics sector especially in the backdrop of the Covid-19 pandemic, the Survey noted how such r...
Budget 2021: How indirect tax can provide a roadmap to recoveryThe PLI scheme rolled out under the Atmanirbhar Bharat Abhiyan in April 2020 covered mobile manufacturing, manufacturing of bulk drugs and ...
View: The spread of digital economy also poses challenges for taxation of consumption arising within bordersIndia is one of the 10 economies showing most notable improvement in ‘Doing Business 2020’. Its rank also jumped 12 places in the ‘trading ...
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...
Customs to roll out pan-India faceless assessment for all imports by October 31"Board has decided to roll out the Faceless Assessment at an all India level in all ports of import and for all imported goods by October 3...
CBIC announces deferred duty payment scheme to ensure easy complianceThe Central Board of Indirect Taxes and Customs (CBIC) announced the deferred duty payment scheme on Tuesday, adding that it had centralize...
Customs stations to set up 'Turant Suvidha Kendras' by July 15In a communication to all Principal Chief Commissioners of Customs and Central Tax, the CBIC said the step is being taken ahead of the pan-...
Customs to begin faceless cargo assessment for imports in Chennai and BengaluruTo begin with, imports covered by Chapters 84 and 85 of the Customs Tariff Act, 1975 which includes machinery, mechanical appliances, elect...
Employ local workers to ensure no dip in production: TN CM PalaniswamiThe Chief Minister went on to add that the State government was monitoring the situation closely and would announce more relaxations from t...
Customs to roll out faceless assessment across IndiaCBIC has proposed to restructure existing commissionerates into National Assessment Commissionerates (NACs) and Jurisdictional Port Commiss...
Railway Budget 2009-10: Utopia for rail travellers?The Railway Budget has no measures to console the industry.