Custom Articles

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 | 3015 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 | 3234 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 | 2445 Views

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

CA Sachin Jain 15 April 2022 at 17:32

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

Posted in Custom | 3996 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 | 2274 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 | 7296 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 | 1431 Views

Import Export in India

Corporate Salahkar & Associate 18 November 2021 at 09:36

Before starting import/export business it is preferred to register your business in Private Limited or Public limited or LLP format for the convenience of fast loan approvals and ease of doing business with foreign customers as they prefer registered corporate entities

Posted in Custom | 1 comments | 3057 Views

Centre Notifies RoDTEP Scheme Guidelines and Rates

CS Lalit Rajput 19 August 2021 at 09:24

The scheme will be implemented by Customs through a simplified IT system while the rebate will be issued in the form of a transferable duty credit/electronic scrip which will be maintained by CBIC.

Posted in Custom | 972 Views

50 Practical FAQs on RoDTEP Scheme

Ravi Kumar Somani 19 August 2021 at 09:22

RoDTEP scheme is notified for the remission of duties, taxes and other levies at the Central, State and local level which are borne on the exported goods manufactured in India.

Posted in Custom | 8382 Views