CBIC has launched a revamped and streamlined program to attract investments into India and strengthen Make in India. CBIC has gathered certain queries through trade consultations which have been consolidated and answered in this article.
The CAROTAR 2020 Rules have come into force from 21.09.20. These will help the importer ascertain the country of origin, properly claim the concessional duty and assist customs authorities.
By 31st October 2020 the faceless assessment process will be implemented in all the custom ports under the next generational Turant Customs programme
The Ministry of Finance in exercise of the powers conferred by section 156 read with section 28DA of the Customs Act, 1962 vide its Notification No. 81/2020-Customs (N.T.) dated 21st August, 2020 has notified Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020
Central Board of Indirect Taxes (CBIC) is allowing import of raw materials and capital goods without payment of duty for manufacturing and other operations in a bonded manufacturing facility
Q: What is eSanchit application?The Central Board of Indirect Taxes & Customs (CBIC) has launched eSanchit (e-Storage and Computerized Handling of Indirect
SEZ online is one of the several initiatives taken by the government to reduce physical interaction, to reduce paper, to bring in transparency in the system, and to improve export-oriented business inside the SEZ using modern technology.
The custom exchange rate is used in filing the shipping bill and bill of entry. The exchange rate is the value of one country's currency in relation to author currency.
ICEGATE Portal is an e-commerce portal for Indian Customs. ICEGATE stands for Indian Customs and Central Excise Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway
To curb the loss of revenue the authorities developed a Specialized Investigation Branch of Customs. This branch of customs is called "SPECIAL VALUATION BRANCH OF CUSTOMS (S V B)".