Custom News

CBIC reduces compliance burden by abolishing renewals of licenses/registrations

25 July 2021 at 06:32

The net effect of the amendments carried out to the Customs Brokers Licensing Regulations, 2018 and Sea Cargo Manifest and Transhipment Regulations, 2018, is that the existing licenses/registration would have a lifetime validity.

Posted in Custom | 2121 Views

CBIC proactively places a COVID Response Plan (CRP) for speedy clearances of COVID-19 vaccines at all major airports

15 July 2021 at 20:12

CRP provides for setting up of a COVID-19 Vaccine Response Team (CVRT) at each Air Cargo/Courier Terminal. The CVRT will function as a single point of contact for all the clearance related to COVID-19 vaccine shipments.

Posted in Custom | 2235 Views

Response from Ministry of Finance on reports relating to freezing of Indian assets in France

09 July 2021 at 05:32

There have been news reports that Cairn Energy has seized/ frozen State owned property of Government of India in Paris. However, Govt. of India has not received any notice, order or communication, in this regard, from any French Court.

Posted in Custom | 1536 Views

Launch of online filing of application for Authorised Economic Operators (AEO T2 and AEO T3)

07 July 2021 at 21:00

The new version (V 2.0) of the web application is designed to ensure continuous real-time and digital monitoring of physically filed AEO T2 and AEO T3 applications for timely intervention and expedience.

Posted in Custom | 1908 Views

CBIC determines rate of exchange of foreign currencies w.e.f 4th June 2021

03 June 2021 at 22:04

Central Board of Indirect Taxes and Customs determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II is annexed hereto w.e.f 4th June 2021.

Posted in Custom | 2322 Views

CBIC changes the place of supply for B2B MRO services in case of the shipping industry, to the location of the recipient

03 June 2021 at 06:18

The Central Board of Indirect Taxes and Customs has changed the place of supply for B2B MRO services in the case of the shipping industry, to the location of the recipient of service.

Posted in Custom | 1872 Views

Govt. exempts Amphotericin B used to treat Black Fungus from Customs Duty

01 June 2021 at 06:19

The Finance Ministry on 31st May 2021 exempted the Customs Duty on "Amphotericin B" that is used to treat Mucormycosis, commonly known as Black Fungus, till 31st August 2021.

Posted in Custom | 1416 Views

CBIC notifies Ad hoc Customs Exemption on Imports of COVID-19 relief material Donated from Abroad

01 June 2021 at 06:13

Earlier, this exemption was notified till 30th June 2021, however, considering the drastic impact of the second wave of the COVID-19 pandemic, the Central Government on 31st May 2021 extended the same to 31st August 2021.

Posted in Custom | 1422 Views

CBIC makes amendments vide Tariff Notification No. 49 /2021

31 May 2021 at 22:41

Tariff Notification No. 49 /2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.

Posted in Custom | 1563 Views

Enhancement of facilities under the Customs (IGCR) Rules, 2017

18 May 2021 at 22:27

CBIC has issued Circular No.10/2021-Customs, dated 17th May 2021 in order to assist the trade in understanding the improvements in the IGCR, 2017 so that they may make full use of the new facilities.

Posted in Custom | 1497 Views