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CUSTOMS CLEARANCE DELAYS
CBIC rolls out green channel to speed emergency imports during oil spill crisesIn a significant move to bolster environmental protection, the Central Board of Indirect Taxes and Customs has launched a dedicated 'green ...
$15 billion game-changer: Reliance Jio readies for a big bang in spaceReliance Jio is reportedly planning a massive 1,600-satellite low Earth orbit constellation, aiming for direct-to-device connectivity and e...
Compliance complexity is the defining challenge amid tariff uncertainties: Maersk Asia Pacific surveyVietnam, Thailand, and India emerge as key multi-country hubs. AI adoption is high, but integration with compliance platforms is crucial fo...
Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...
CBIC allows remote clearance for sea cargoThe Central Board of Indirect Taxes and Customs has introduced new procedures for vessel entry and departure. Customs officers will now gra...
Return-to-origin shipments, not customer returns, are India's biggest e-commerce margin problem, says Blue DartReverse logistics is evolving from a cost centre into a strategic driver of customer trust, retention and margin protection in India’s fast...
Standstill in India gold imports drags on, threatens supplyIndian banks face an unprecedented five-week halt in gold and silver imports, causing domestic prices to surge and threatening shortages. A...
Nvidia rival Cerebras discloses US IPO filing as AI boom drives listingsCerebras Systems revealed its filing for a US initial public offering on Friday, bringing the Nvidia rival closer to the public markets as ...
15 banks get government nod to import gold & silver for 3 yearsIndia has authorized 17 banks to import gold and silver. This authorization is effective for three years from April 1, 2026. The move resol...
$499 ‘Made in America’ phone: What happened to Trump sons’ big promise?Trump Mobile's much-hyped smartphone launch is delayed. Initial promises of a 'Made in America' device at $499 have changed. The phone is n...
Kalyan Jewellers, Titan, and other jewellery stocks tumble up to 6% while MMTC rallies 16%. Here's whyIndian banks have reportedly halted gold and silver import orders, causing jewellery stocks like Kalyan Jewellers and Titan to fall. MMTC, ...
Govt allows SBI, HDFC, Axis Bank & 12 others to import gold, silver until March 2029The central government has permitted 15 top banks, including the State Bank of India, HDFC Bank, Bank of India and others to import gol...
Importers delay customs clearance of US dry fruitIndian dry fruit importers are delaying customs clearance for US nuts. They anticipate a significant reduction in import duties due to a po...
Volkswagen India faced customs clearance delays over alleged tax evasion case, sources sayVolkswagen India experienced brief delays in spare part supplies due to customs holding shipments over a $1.4 billion tax demand. The issue...
IRS officer shunted out of Delhi Customs for delaying clearance of surveillance equipmentThe reason, according to reliable insiders, was that his department delayed clearance of drone detection equipment imported for a governmen...
Enhanced checks to delay courier importsCourier imports have been on the radar of authorities after it was found that the route was being misused by some ecommerce platforms to br...
Solar plane's journey gets stuck in red tapeSwiss pilot Bertrand Piccard, who had flown the airplane from Muscat to Ahmedabad, did not get clearance from the Immigration department as...
- Banks should compensate customers for local cheque clearance delay: RBI
This would mean that banks will have to compensate customers monetarily if a cheque to be credited in an account on Monday, for instance, g...
- RBI to banks: Compensate customers for cheque clearance delay
In a big relief to the bank customers, the Reserve Bank today asked the banks to compensate them for delay in clearance of local cheques.
- Ministry seeks speedy customs clearance
The Union Shipping Ministry would ask the Union Finance Ministry to speed up the process of customs clearance at various ports, particularl...