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IMPORT MISCLASSIFICATION
How priority dates and cross-chargeability affect your Green Card timelineIndian nationals working in the U.S. often face long waits for green cards due to visa quotas. A priority date determines one's place in li...- 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...
- CBIC launches vigilance probe against Chennai customs officialsThe CBIC has launched a vigilance investigation into allegations of irregularities by Chennai-based importer M/s Wintrack Inc against Chenn...
- India probes Adani Defence for tax evasion on missile parts imports, sources sayIndian authorities are investigating Adani Defence, a unit of Adani Enterprises, for allegedly evading $9 million in import taxes on compon...
- Wintrack Inc alleges harassment by Chennai Customs; FinMin says Revenue dept to conduct enquiryThe Finance Ministry has launched a detailed inquiry into corruption allegations against Chennai Customs by Wintrack Inc., an import compan...
- Samsung India executives seek to quash $81 million penalty over tax evasionSeven Samsung India executives are contesting penalties linked to a $601 million tax demand. They argue against the severity of the alleged...
- Samsung fights $520 million India tax demand, points to Reliance practiceSamsung is contesting a substantial tax demand in India. The company is accused of misclassifying imported networking equipment. Samsung ar...
- India singles out VW in $1.4 billion tax dispute, says Kia corrected courseIndian tax authorities have accused Volkswagen of evading $1.4 billion in taxes by misclassifying car imports for 12 years. The court battl...
- Kia contests $14 million India tax demand for wrongly using trade treaty exemptionsKia is challenging a $14 million Indian tax demand over claims it wrongly used free trade agreements for lower tariffs on electronic car pa...
- DRI conducts search operation at Havells India corporate officeThe Directorate of Revenue Intelligence (DRI) conducted a search operation at the corporate office of Havells India, a major electrical goo...
- CAG Murmu says there is need to distinguish between justifiable subsidies and freebiesThe Comptroller & Auditor General of India, Girish Chandra Murmu, has advised states to meet their capital expenditure from their own reven...
- New Foreign Trade Policy likely to include a chapter on ecommerce exportsThe commerce and industry ministry is drawing up the FTP 2021-26, which is likely to be released on April 1 and is expected to have separat...
- Govt asks traders to suggest tariff codes for goods without classification, warns of licensing regime for ‘others’The Directorate General of Foreign Trade (DGFT) also asked traders to suggest appropriate HS codes for products imported by them which do n...
- National Food Security Act a landmark legislation, says IMFThe Food Security Act (FSA) proposes to cover up to 75 per cent of the rural population and up to 50 per cent of the urban population.
- DRI detects duty evasion of Rs 600 crore on coal imports in GujaratAs per DRI officials, tax recovery from all coal importers in the state has begun and over Rs 100 crore has been realised so far.
- Budget 2013: Consumers to pay more for power after changes in import dutyProposed measures in the union budget for 2013-14 coupled with rise in railway freight will result in higher electricity tariff for the end...
- Budget 2013: New duty structure on coal imports to help coastal thermal power plants onlyNew duty structure on coal imports to help coastal thermal power plants only. To rise generation costs and pooling price.
- Rupee crashes to new low as investors rush for dollar coverWith fears of tightening liquidity for US dollars in the international markets, importers — mainly oil companies — rushed to raise funds, a...
- Govt lost Rs 586 cr in 2008-09 in indirect taxes: CAGOfficial auditor CAG on Friday said the government has lost Rs 586 crore in excise and custom duties and service tax in financial year 2009...
- Govt holds talks with industry on re-manufactured goodsThe government has initiated consultations with industry stakeholders to formulate a policy on import of re-manufactured goods as well as s...
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