Custom News

Basic customs duty & health cess to be waived off on oxygen & oxygen related equipment

24 April 2021 at 15:09

PM chairs a high-level meeting on measures to increase the supply of oxygen & oxygen related equipment. Covid related vaccines to be exempted from basic customs duty. These measures will boost the availability of these items as well as make them cheaper.

Posted in Custom | 1452 Views

Custom officials seized Rs 98 crore heroin at IGI Airport

16 April 2021 at 05:14

The recovered goods and concealing & packing materials were seized under Section 43 of the NDPS Act, 1985 for violation of Section 8 and 23 of the Act ibid as these were found to be liable for confiscation under Section 60 of the NDPS Act, 1985.

Posted in Custom | 1593 Views

CBIC amends Tariff Value of Certain Goods vide Notification No. 42/2021

15 April 2021 at 22:08

Tariff Notification No. 42/2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.

Posted in Custom | 1542 Views

CBIC determines rate of exchange of foreign currencies w.e.f 16th April 2021

15 April 2021 at 22:00

CBIC determines the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, with effect from 16th April 2021.

Posted in Custom | 1875 Views

CBIC notifies rules for Verification of Identity via Customs (Verification of Identity and Compliance) Regulations, 2021

06 April 2021 at 05:14

CBIC has notified certain rules for Verification of Identity. The outcome of the verification of identity shall be captured in the Customs Automated System and informed to the person verified.

Posted in Custom | 1782 Views

CBIC amends exchange rate vide notification No. 40/2021 - Customs (N.T.)

01 April 2021 at 19:12

CBIC determines the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa.

Posted in Custom | 1260 Views

CBIC extends waiver of penalty for non-compliance of dynamic QR code requirements for B2C transactions

31 March 2021 at 05:11

Government, on the recommendations of the Council, hereby makes amendments in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 89/2020 – Central Tax, dated the 29th November, 2020

Posted in Custom | 2532 Views

CBIC | Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Amendment Regulations, 2021

30 March 2021 at 05:14

Central Board of Indirect Taxes and Customs makes regulations to amend the Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Regulations, 2018.

Posted in Custom | 2595 Views

CBIC | Bill of Entry (Forms) Amendment Regulations, 2021

30 March 2021 at 05:12

Central Board of Indirect Taxes and Customs makes regulations further to amend the Bill of Entry (Forms) Regulations, 1976.

Posted in Custom | 2088 Views

CBIC Supplements Bill of Lading details in the Bill of Entry

30 March 2021 at 05:10

Central Board of Indirect Taxes and Customs specifies amendments in the bill of entry presented under the second proviso to the sub-section (3) of section 46 of the Customs Act.

Posted in Custom | 2313 Views