Commerce ministry may face possible repeat of 2011 trade data errorIndia's November 2024 gold import figures, showing a record high of $14.86 billion and a quadrupled increase, are under scrutiny by the com...
19 Dec, 2024, 07.10 PM IST
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...
18 Feb, 2024, 04.46 PM IST
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 ...
30 May, 2023, 03.26 PM IST
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 ...
16 Apr, 2023, 11.46 PM IST
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.
12 Apr, 2023, 03.54 PM IST
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 ...
04 Apr, 2023, 03.09 PM IST
How exporters are getting steamrolled by a six-decades-old lawThe government is streamlining systems to make trade easier. But the Customs Act of 1962 has many loopholes and ambiguities that puts expor...
25 Mar, 2023, 09.51 AM IST
'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...
15 Oct, 2022, 03.31 PM IST
CBIC vetting paperless customs rules for SEZsThe framework will be in sync with new legislation proposed by the Centre to turn the SEZs into comprehensive economic hubs, with larger pa...
22 Jul, 2022, 12.37 AM IST
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...
06 Jul, 2022, 11.52 AM IST
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...
15 Jan, 2022, 07.23 PM IST
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...
11 Jan, 2022, 03.40 PM IST
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 ...
07 Jan, 2022, 05.25 PM IST
HDFC Bank starts online customs duty payment facility for customersWith HDFC Bank on board, clients would no longer need to route payments through other bank accounts. This integration also offers the bank ...
07 Jan, 2022, 04.07 PM IST
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, ...
31 Mar, 2021, 09.45 AM IST
Government plans to launch Common Customs Electronic PortalThe proposed portal will facilitate registration, filing of bills of entry, shipping bills, payment of duty, and viewing and response to sh...
05 Feb, 2021, 07.16 AM IST
Integrated Declaration Form for imports to go live from April 1Following the decision of the Committee of Secretaries, all PGAs will select consignments for documentary examination, physical inspection ...
20 Mar, 2016, 12.16 PM IST