THE CUSTOMS (ELECTRONIC CASH LEDGER) REGULATIONS, 2022

Electronic Cash Ledger Section 51A was inserted in Customs Act, 1962 (‘Act’ for short) vide Finance Act, 2018.  The newly inserted Section 51A requires every assessee to maintain electronic cash ledger...
Custom

Govt. waived custom duty on Oxygen concentrators gifted by foreigners to there Indian relative

The government on Friday can allowed people living in abroad to send oxygen concentrators as gifts to relatives in India and exempted custom duty...
Custom Duty

Waiver of custom duty on Remdesivir injections: CG

This customs duty waiver will remain in effect till October 31, 2021, and is among the measures to increase the production and supply of...
GST

GST collection falls by 8%, indirect tax collection up 12% in FY21 for CG

The central government’s indirect tax collections rose by more than 12 per cent at Rs10.71 trillion during Financial Year (FY) 2020-21 compared to Rs9.54...
RoDTEP Scheme - Questions Unanswered

RoDTEP Scheme for Exporters is Launched but where are the Details ?

RoDTEP Scheme - Questions Unsawered Recently you would have heard about the remission of duties and Taxes on export product scheme i.e. RoDTEP Scheme...
DGFT Bans Import of air conditioners with refrigerants.

DGFT Bans Import of air conditioners with refrigerants.

The Directorate General of Foreign Trade (DGFT) has issued a notification on October 15, 2020, which has amended the Import Policy of air conditioners...
DGFT: Allows export of Hand Sanitizer Containers with Dispenser Pumps

DGFT: Allows export of Hand Sanitizer Containers with Dispenser Pumps

The Directorate-General of Foreign Trade (DGFT), Ministry of Commerce and Industry has released a notification regarding the upliftment of export ban on all alcohol-based...
CBIC: Customs Officers can now amend any document to conduct Faceless Assessment of Bills of Entry.

CBIC: Customs Officers can now amend any document to conduct Faceless Assessment of Bills...

On Monday, the Central Board of Indirect taxes and Customs (CBIC) has released a notification which gave the power to the Customs Officers to...
DGGI catches exporter companies for defrauding exchequer through fraudulent ITC Claims and cash refund for about Rs.61 Crores.

DGGI catches exporter companies for defrauding exchequer through fraudulent ITC Claims and cash refund...

The Directorate General of GST Intelligence (DGGI's) officers have developed intelligence about few exporter companies which were engaged in fraudulent availment of Input Tax...
DGFT: Amendments in Export Policy of PPE Kits & Masks got notified.

DGFT: Amendments in Export Policy of PPE Kits & Masks got notified.

On 6th October amendments were introduced in the Export Policy of personal protection equipment or Masks by the Director-General of Foreign Trade (DGFT), which...
CG: Date of order permitting Clearance and Loading of Goods for Export extended till 31st March 2021

CG: Date of order permitting Clearance and Loading of Goods for Export extended till...

The Government of India is seeking to extend the date of the order permitting clearance and loading of goods for export under section 51...
CBIC: Implementation of the CAROTAR, 2020 with effect from 21st September 2020

CBIC: Implementation of the CAROTAR, 2020 with effect from 21st September 2020

On 21st August 2020, The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020) was notified by the Central Board of Indirect...
CBIC: Auto Let Export Order (LEO) allowed under Express Cargo Clearance System (ECCS)

CBIC: Auto Let Export Order (LEO) allowed under Express Cargo Clearance System (ECCS)

On September 7, 2020, a circular was released by the Central Board of Indirect Taxes and Customs (CBIC) that aimed in providing the facility...
Manufacturers of Mobile Phone & Electronics seeks for Exemption from 'Faceless Assessment'.

Manufacturers of Mobile Phone & Electronics seeks for Exemption from ‘Faceless Assessment’.

Manufacturers of the Electronics and Mobile Phones are seeking to get an exemption from the new “faceless assessment” system for clearing of their Import/Export...
Govt. puts Ceiling on MEIS Benefits available to the Exporters.

Govt. puts Ceiling on MEIS Benefits available to the Exporters.

The Directorate General of Foreign Trade (DGFT) on behalf of the Central Government's Ministry of Commerce & Industry released a notification on Tuesday which...
DGFT: Announced Amendments in Export Policy of Masks & PPE Kits

DGFT: Announced Amendments in Export Policy of Masks & PPE Kits

The Director-General of Foreign Trade (DGFT) released Notification No.29/2015-2020 on August 25, 2020, which explained the amendment made in the Export Policy of Personal...

CBIC: Deferred Import Duty payment without Intimation Benefit is available for Eligible Importers

On 19th August 2020, the Central Board of Indirect Taxes And Customs (CBIC) released a notification No.79/2020-Customs (N.T.) which notified the Deferred Payment of...
CA Certificate Mandatory for Supply of Goods against Advance Authorisation

CA Certificate Mandatory for Supply of Goods against Advance Authorisation

The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification amending the meaning of Advance Authorisation wherein the conditions were specified...
Anti Dumping Duty on Chinese Chemical for 5 Years

Anti Dumping Duty on Chinese Chemical for 5 Years

The revenue department has imposed anti-dumping duty for five years on a Chinese chemical {Zeolite 4A} used in making detergents to guard domestic players from...
Government increases basic customs duty (BCD) will be Effective from September 27, 2018

Government increases basic customs duty (BCD) will be Effective from September 27, 2018

The Central Government has issued a Press Release dated September 26, 2018 (refer below) by increasing the Basic Customs Duty, to curb import of certain imported...

All Industry Rates of Duty Drawback 2012-13

All Industry Rates of Duty Drawback 2012-13 The Ministry has notified the All Industry Rates (AIR) of Duty Drawback 2012-13 vide Notification No. 92/2012- Customs...

4% SAD Refund – Due Date Extended

SAD Refund Due Date Extended    The Due date of utilizing the amount of re-credited 4% SAD refunds for payment of duty in case of re-credited DEPB/...

Redemption Fine Status Quo Penalty (For Threshold of Monetary Limits) – Customs

Redemption Fine Status Quo Penalty (For Threshold of Monetary Limits) - Customs As per Circular the redemption fine shall also be treated like the penalty for...

Guidelines for considering request for exemption from payment of Customs Duty under Section 25(2)...

Circular No. 09/2014 -Customs F. No. 460/04/2014 – Cus-V Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Dated 19th August, 2014 OFFICE MEMORANDUM Subject: Guidelines for...

Authentication of supply invoice/ ARE-3 by the Central Excise Authorities for Claiming Deemed export...

Subject:  Authentication of supply invoice/ ARE-3 by the Central Excise Authorities for Claiming Deemed export benefits- reg. Attention is drawn to Circular No. 15/2008-Cus dated...

One PAN– One IEC–W.e.f 1.4.2015 (Multiple IEC’s to be cancelled)

Cancellation of validity of Multiple IECs against single PAN – reg. - Public Notice - Dated 17-2-2015 - DGFT Public Notice No. 87 (RE-2013)/2009-2014 New Delhi,...

Customs & Central Excise Amendments–Budget 2015

Important changes in respect of Customs and Central Excise duty and legislative changes are contained in the four Annexes appended to this letter: (i) Annex...

10% import duty on wheat

10% import duty on wheat In a move intended to prevent foreign wheat from flooding the domestic market, the Centre on Friday imposed a 10...

Monitoring of pending bills of entry – Trade facilitation

Trade facilitation - Monitoring of pending bills of entry While reviewing various measures put in place for trade facilitation in recent months including the ;Customs...

Only Two Documents Can Get You IEC Code Now

Apply for IEC code with only Two documents- COPY OF- TRADE NOTICE NO.18/2016  Reference is invited to the Notification No.34 dated 29th January, 2016 vide...