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...
10 Jan, 2025, 12.02 AM IST
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
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...
30 Sep, 2024, 10.42 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
Sonowal inaugurates National Logistics PortalThe implementation of NLP had been initiated in July 2021 with the development of NLP Marine as a first phase.
28 Jan, 2023, 10.33 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
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
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
Handset makers can save costs due to GST-customs portal integrationThe data uploaded for bills of entry filed up to August 6, 2020 by SEZ (special economic zone) units “has been done on a trial basis to giv...
10 Sep, 2020, 07.08 PM IST
Upcoming changes in GSTN and its impact on the present GST return filing systemWith a view to remedy the hardships faced by the taxpayers, the Government announced certain steps that are proposed to be taken to improve...
01 Aug, 2020, 11.16 AM IST
Government to invite bids to develop, manage mega portal on logisticsThe Department of Commerce will get on board a managed service provider or a third party to develop, operationalise and maintain the portal...
21 Dec, 2018, 07.31 PM IST