Custom News

Chairman, CBEC Awards AEO Certificates and Launches CBEC'S Interactive Customs Tariff Website

19 July 2012 at 11:28

India has developed an Authorized Economic Operator (AEO) Programme consistent with World Customs Organization (WCO) SAFE Framework of Standards. The trade supply chain has become extremely complicated and vulnerable to external threats which led

Posted in Custom | 8097 Views

CBIC determines rate of exchange of conversion of foreign currency w.e.f 8th June,2012

08 June 2012 at 12:40

Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance vide its Notification No. 49/2012-CUSTOMS (N.T.) dated 07th June,2012 hereby determines that the rate of exchange of conversion of each of the foreign currency

Posted in Custom | 1 comments | 17622 Views

Change in Tariff Value of Gold Notified

24 March 2012 at 15:12

Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No.24/2012-Customs (N.T.) dated March 22, 2012 and thereby notifying change in tariff value of Gold as shown in the tables below: &l

Posted in Custom | 7143 Views

Users can now avail facility of e-Payment through ICEGATE for all Custom Locations from any of the Authorized Banks w.e.f. 16th Jan, 2012

13 January 2012 at 17:40

Users can now avail facility of e-Payment through ICEGATE for all Custom Locations from any of the Authorized Banks w.e.f. 16th Jan, 2012

Posted in Custom | 3 comments | 14457 Views

Amendment in the Customs Act, 1962

21 July 2011 at 16:09

Introduction of a Legislative Amendment Bill to amend the Customs Act, 1962 (52 of 1962) with retrospective effect to validate Show Cause Notices issued for demand of Customs duty The Union Cabinet today gave its approval for in

Posted in Custom | 1 comments | 23823 Views

Government announces custom duty exemption for newsprint

12 February 2009 at 10:27

The government today announced special custom duty exemptions to the newspaper and magazine publishing industry in the country. These concessions have been announced in view of the current economic slowdown particularly affecting the newspaper indust

Posted in Custom | 15198 Views

CBEC exceeds target in recovering arrears of revenue

14 May 2008 at 11:03

The Central Board of Excise & Customs (CBEC) has exceeded its target in recovering arrears of revenue fixed for the financial year 2007-08. As against the target of Rs. 3550 crore, the department has collected Rs. 5035 crore, which is 42% higher

Posted in Custom | 8772 Views

Excise assessees get more time for e-payment ::

16 September 2007 at 09:31

The Finance Ministry has provided additional time for payment of Central excise duty under the e-payment route. This is being seen as the Government's attempt to encourage central excise assessees to go in for e-payment of duties.Central excise asses

Posted in Custom | 7881 Views