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CUSTOMS ACT 1962
Delhi: American national of Indian origin held at IGI Airport with 115 gold bars hidden in specially designed beltIn a significant crackdown, customs agents at Delhi's IGI Airport intercepted an American of Indian descent, discovering a staggering 115 g...- Goods moved from SEZs to domestic markets treated as imports; duty drawback applicable on re-exportsNew Delhi has clarified a key point for exporters. Goods moved from SEZ units to the domestic market, after paying duties, will now be cons...
- Trump tariffs here to stay, US trade official tells Mexican firms: SourcesUS trade representatives have informed Mexico that President Trump's tariffs on auto and steel sectors are here to stay. These duties will ...
- Trump unveils 100% tariff on some patented drugs on 'Liberation Day' anniversaryPresident Donald Trump has signed an executive order introducing significant pharmaceutical tariffs. Companies failing to strike pricing de...
- No arrest by income tax recovery officer if you have failed to pay pending tax demands; amended Finance Bill 2026The Ministry of Finance has removed the power of Tax Recovery Officers to arrest individuals for pending tax demands. This taxpayer-friendl...
- Voltas gets Rs 23.52 crore customs demand over import misclassificationCustoms authorities have issued a Rs 23.52 crore demand notice to air-condition maker Voltas. This action follows allegations of mis-classi...
- Mukesh Ambani-led Reliance Industries gets customs duty order from Mundra authorityReliance Industries has been issued a customs duty order of over Rs 17 lakh. Mundra Customs alleges incorrect classification of imported go...
- Delhi HC to CBIC: Consider preferential treatment for start-ups, MSMEs in customs delaysThe Delhi High Court has urged the CBIC and Commissioner of Customs to explore preferential treatment for start-ups and MSMEs, particularly...
- Gold worth Rs 12.56 cr seized from Kannada actress at Bengaluru airport: DRIKannada actress Ranya Rao was intercepted by Directorate of Revenue Intelligence officers at Kempegowda International Airport, Bengaluru, w...
- Government proposes to set time limit for provisional assessments of trade consignmentsThe finance ministry has proposed a two-year timeline, extendable by one year, for completing provisional assessments of export and import ...
- SC says that officers of DRI are "proper officers" to issue show-cause notices under Section 28The Supreme Court ruled that the Directorate of Revenue Intelligence (DRI) officers can issue show-cause notices and recover customs duties...
- Chennai Airport Customs seize narcotic substances worth Rs. 12 crores, one arrestedChennai Airport Customs seized 1201g of Cocaine valued at Rs. 12 crores, arresting one passenger from Nigeria arriving via Addis Ababa. Con...
- Customs Act, 1962: The past, present and the futureOver the years, domestic legal jurisprudence has also evolved, with courts evaluating the provisions of the Customs Act on the touchstone o...
- Centre files review plea against Supreme Court order on DRIThe Supreme Court in a 2021 ruling in the Canon India case had held that an officer of the DRI is not a 'proper officer' to conduct investi...
- Customs commissionerates not to issue reports interpreting law: CBICIn an instruction to all Principal Chief Commissioners of Customs, the Central Board of Indirect Taxes and Customs (CBIC) said in order to ...
- Arun Jaitley introduces bill to amend customs, excise acts in Lok SabhaThe amendment seeks to include 'warehouse' in the definition of customs area to ensure that an importer is not asked to pay IGST at the tim...
- Cabinet clears abolition of cesses for GST rollout, government to incur Rs 65,000-crore lossThe Centre will abolish 16 cesses and surcharges on union excise and service tax as it lays down the path for rolling out Goods and Service...
- DRI officers seize gold worth Rs 1.06 crore from SpiceJet aircraft toiletThe Directorate of Revenue Intelligence officials have seized gold worth Rs 1.06 crore from a flight that arrived here from Thailand.
- Gold worth Rs 80 lakh seized from SpiceJet aircraft"The gold bars were found hidden beneath a seat of the flight no. 016, which landed here from Dubai last night, by the Air Intelligence Uni...
- By misinterpreting Light House Act of 1927, Customs department collecting huge sumsBy misinterpreting the Act of 1927, the Dept have incorrectly collected huge sums thereby putting financial & economic burden upon our own ...
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