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Custom News


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.

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Posted in Custom |   489 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.

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Posted in Custom |   813 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.

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Posted in Custom |   186 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.

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Posted in Custom |   171 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.

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Posted in Custom |   303 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.

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Posted in Custom |   243 Views


List of officers for expeditious clearance of drawback and refund claims by Noida Customs

 17 May 2021 at 05:44

List of officers for expeditious clearance of drawback and refund claims by Noida Customs has been listed in this news piece.

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Posted in Custom |   357 Views


CBIC implements Special Refund and Drawback Disposal Drive from 15th to 31st May 2021

 17 May 2021 at 05:38

The Central Board of Indirect Taxes and Customs has implemented the "Special Refund and Drawback Disposal Drive" with the objective of priority processing and disposal of all pending refund and drawback claims.

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Posted in Custom |   465 Views


Import of Oxygen concentrators permitted for personal use where Customs clearance is sought as gifts till 31st July 2021

 01 May 2021 at 06:05

Ministry of Commerce & Industry, Department of Commerce has permitted the Import of oxygen concentrators for personal use through post, courier or e-commerce portals, where Customs clearance is sought as "gifts", till 31 July 2021.

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Posted in Custom |   615 Views


Customs Duty on Imports of Inflammatory Diagnostic (marker) kits exempted till 31st October 2021

 01 May 2021 at 05:46

Customs Duty on Imports of Inflammatory Diagnostic (marker) kits, namely- IL6, D-Dimer, CRP, LDH, Ferritin, Pro Calcitonin (PCT) and blood gas reagents, has been exempted till 31st October 2021, to supplement testing efforts.

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Posted in Custom |   423 Views