Custom Articles

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

Posted by CA Yash Shah 08 December 2022 4486 Views

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

Posted by Team IN Filings 28 May 2022 5355 Views

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

Posted by CS Divesh Goyal 18 May 2022 3534 Views

The article lists down some important FAQs on PAS-6

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

Posted by CA Sachin M Jain 15 April 2022 5598 Views

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

Valuation & provisional assessments under customs

Posted by Vivek Jalan 09 December 2021 3907 Views

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

Posted by CA Pankaj Jain 08 December 2021 7961 Views

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.

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

Posted by Taxblock 29 November 2021 1868 Views

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.

Import Export in India

Posted by Corporate Salahkar & Associate 18 November 2021 4182 Views

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

Complete Guide to Custom Exchange Rate

Posted by Ritika Agarwal 07 October 2021 44556 Views

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.

All about SEZ Online

Posted by Ritika Agarwal 29 September 2021 19077 Views

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.