Custom Articles


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%. 

Posted in Custom |   3037 Views


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

Posted in Custom |   1088 Views


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

Posted in Custom |   3902 Views


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.

Posted in Custom |   4103 Views


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.

Posted in Custom  3 comments |   5122 Views


FAQs on PAS-6

  CS Divesh Goyal    18 May 2022 at 08:44

The article lists down some important FAQs on PAS-6

Posted in Custom |   3323 Views


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

Posted in Custom |   5038 Views


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.

Posted in Custom |   3547 Views


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.

Posted in Custom |   7753 Views


Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)

  Taxblock    29 November 2021 at 09:40

Scheme for Remission of Duties and Taxes on Exported Products (RODTEP) was launched in 2020 from 1st January 2021 through the ministry of commerce and industry Govt. of India. This scheme is applicable to the export of products but not services.

Posted in Custom |   1703 Views