Custom Articles

Export Incentive SCNs under FTDR Act: Validity Checks, Responses and Legal Remedies

Gaurav Arya 29 April 2025 at 08:38

Show Cause Notices (SCNs) are being issued for recovery of duty credit scrips under SEIS/MEIS. Learn how to assess their validity, key legal defenses, and response strategies under the FTDR Act, 1992. Stay informed on jurisdiction, limitation periods, and legal remedies.

Import Duty On Gold In India

Ayush 07 February 2024 at 15:09

Import duties on gold and silver findings and coins of precious metals is 15%.

Customs Duty on Imported Goods

CA Ruby Bansal 13 December 2023 at 15:50

Customs duty is a indirect tax which is imposed on goods when they cross international borders. It serves to protect a country's economy, jobs, environment, and residents by regulating the movement of goods

Impact of restricting imports on Laptops, Tablets, PCs, Servers etc.

Vivek Jalan 05 August 2023 at 14:23

Vide Notification No. 23/2023 dated 3rd August 2023 issued by the DGFT, with immediate effect, import of laptops, tablets, palmtops, all-in-one personal computers, and ultra-small form factor computers and servers falling under HSN 8741 will be 'restricted' and their import would be allowed only against a valid licence for restricted imports

Special Valuation Branch (SVB) under Customs - Valuation for Goods imported from Related Parties

CA Yash Shah 08 December 2022 at 08:49

Special Valuation Branch is a special unit of the Customs department which is specializing in investigating the transactions which are entered into by importer based out in India and a supplier based in foreign country who have relationship like joint ventures, partnerships, holding-subsidiary etc. which could possibly influence the price of the transaction entered.

IEC Registration Online

Team IN Filings 28 May 2022 at 08:57

IEC is an abbreviation of Importer Exporter Code. It is a 10 digit code same replication of your business PAN number. This will be issued by Director General of Foreign Trade (DGFT), Ministry of Commerce by online.

FAQs on PAS-6

CS Divesh Goyal 18 May 2022 at 08:44

The article lists down some important FAQs on PAS-6

Notice from Customs for recovery of Drawback on Non-Realisation of Exports Proceeds

CA Sachin M Jain 15 April 2022 at 17:32

Lot many exporters have started receiving notice from Customs department for recovery of Drawback

Valuation & provisional assessments under customs

Vivek Jalan 09 December 2021 at 09:52

Valuation is one of the most crucial aspect for an organisation engaged in import and export of gems, precious and semi-precious stones considering high value transactions.

Features of the new tax information portal launched by CBIC

CA Pankaj Jain 08 December 2021 at 12:19

CBIC has launched a revamped tax information portal Click Here. With the help of this portal, all indirect tax legislations, rules, regulations and forms will be available for the easy reference of taxpayers. CBIC will continuously update and expand this portal in a phased manner.