The Central Board of Indirect Taxes and Customs ("CBIC"), the Directorate General of Systems and Data Management has issued an Advisory dated May 26, 2023 to all ECL users for PAN merger with ICEGATE ID on ICEGATE. Account merger functionality has made live at ICEGATE if the duty payment was initiated using PAN and due to any reason Payment Integration failed and amount transmitted to PAN based wallet. User can now request to transfer amounts from PAN based wallet to the associated ..
The Central Board of Indirect Taxes and Customs (CBIC) and all its field formations observed the International Customs Day, 2023 today. The theme for this year, as given by the World Customs Organisation (WCO) was "Nurturing the Next Generation: Promoting a Culture of Knowledge-sharing and Professional Pride in Customs". A formal function to mark this event was organised at the Ministry of Finance, North Block, New Delhi, in the afternoon, which was attended through the virtual mode..
Union Finance Minister Smt. Nirmala Sitharaman correlates 60 years of Customs Act to shashtipurti - an important event in Indian tradition CBIC unveils Mascot "Officer Hans" symbolising purity and knowledge of Customs Medallion representing commitment to serve and safeguard the country through all three modes i.e. air, sea and land also launched The Central Board of Indirect Taxes and Customs (CBIC), Government of India, celebrated the completion of 60 year..
Introduction 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. The main task of the special valuation branch is to verify that the relationship has not influenced the terms and c..
The Central Board of Indirect Taxes & Customs ("CBIC"), Department of Revenue, Ministry of Finance has released an updated 26 Customs E-Brochures as of November 2022. Faceless Customs Paperless Customs Contactless Customs Guide to Travellers Atithi @Indian Customs App Authorized Economic Operator (AEO) Programme Compliance Information Portal (CIP) Customs Advance Authority Ruling (CAAR) CUSTOMS POST CLEARANCE AUDIT (PCA) Duty Drawback Facilitatin..
Chairman CBIC also unveils logo on the occasion of completion of 60 years of Customs Act 1962 4 tutorial videos on GST & Customs processes released for taxpayers’ awareness Special Counter set up at IITF for guiding youth about career opportunities in Customs & GST Department The Central Board of Indirect Taxes & Customs (CBIC) has set up “GST & Customs Pavilion” at 41st India International Trade Fair with the theme of “60 Years of Customs Ac..
DRI and Customs seize 10,230 kg of Red Sanders (Red Sandalwood), with estimated worth of Rs 6 crore, at ICD Palwal, Haryana In line with its commitment to preserve the natural resources of the nation, in yet another successful operation on 16.09.2022, Directorate of Revenue Intelligence (DRI) has recovered 10.23 MT of Red Sanders, estimated at Rs 6 crore in the international market, from an export consignment that was destined for Singapore. Intelligence developed ..
DRI detects 72 hidden packets weighing 39.5 kg of suspected narcotic substance Heroin in Operation "Gear Box" The Directorate of Revenue Intelligence (DRI) along with ATS, Gujarat, detect 72 hidden packets weighing 39.5 kg of powder in bags, suspected to be narcotic substance, in a container from Dubai. Acting on intelligence jointly developed by DRI and ATS Gujarat, operation ‘Gear Box’ was launched. A container was examined by DRI at Kolkata port..
During an investigation pertaining to M/s Vivo Mobile India Private Limited (hereinafter referred to as 'M/s Vivo India'), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 2,217 crore. M/s Vivo India is a subsidiary company of M/s Vivo Communication Technology Co. Ltd., Guangdong, China, and is engaged in the business of manufacturing, assembling, wholesale trading as well as distribution of mobile handsets and accessories thereof. ..
During an investigation pertaining to M/s Oppo Mobiles India Private Limited (hereinafter referred to as 'Oppo India'), a subsidiary company of "Guangdong Oppo Mobile Telecommunications Corporation Ltd", China (hereinafter referred to as 'Oppo China'), the Directorate of Revenue Intelligence (DRI) has detected Customs duty evasion of around Rs 4,389 crore. Oppo India is engaged in the business of manufacturing, assembling, wholesale trading, distribution of mobile ..
Advisory No: 10/2022 Category: AD Code/Exports Issued by: DGoS, ICES Subject: Changes in System with respect of AD Code Registration in exports There was a demand from trade that an AD code should required to be registered only once in Customs System for filing documents across all the customs locations. To facilitate trade, the following changes have been made in the System in respect of AD Code registration. The erstwhile process and the changes introduced are as below : 2. Erstwhil..
Delhi Customs Preventive seizes more than 37 lakhs cigarette sticks; 7.10 lakhs of foreign origin worth Rs. 1 crore Indian Customs has seized a total of 7,10,000 nos. sticks of foreign origin cigarettes with brand ‘Djarum Black’ valuing at around Rs 1 crore here today. Apart from these foreign origin packets of Indian brand cigarettes containing a total of 30,21,500 nos. sticks were also found. These brands were ‘Gold Flame, Gold Clock, Flame, Fun Gold, Impression, Pelica..
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. To import or export of Goods or services in India, IEC certificate is a mandatory without which, no business or person shall make any Import of goods or Exports. But, the Person is importing or exporting any goods or services for his or her personal use not connected with any busin..
Lot many exporters have started receiving notice from Customs department for recovery of Drawback as below: Notice Specimen Sub: Non/Part Realization of Exports Proceeds for Drawback - reg. While monitoring the realization of exports proceeds for shipping bills filed between 01.04.2014 to 31.03.2018 through ADVAlT / RBI BRC module of CBlC, it is observed that in respect of shipping bills filed by ______________________ (IEC _________) (hereinafter referred to as the exporte..
Shri Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC), presented a set of Time Release Studies (TRS) conducted by the department. TRS are essentially a performance measurement tool for assessing the cargo clearance process of the international trade, as recommended by the World Trade Organization (WTO) under the Trade Facilitation Agreement (TFA) and the World Customs Organization (WCO). It adopts average cargo release time, i.e. the time taken from the arrival of the..
Delhi Customs seize 5.85 kg cocaine, the biggest at any airport in India, on 6th April 2022 night In past six months, Delhi Airport Customs seized 33.70 kg of Heroin and 12.60 kg Cocaine at IGI Airport 35 cases booked by Customs at IGI Airport, with street value of drug seized at Rs. 887.35 crore and 34 passengers arrested in 2021-22 alone The Delhi Airport Customs seized 5.85 kg cocaine, the biggest at any airport in India, on 6th April 2022 night at the IGI International Ai..
Exemption of IGST & Compensation Cess on imported goods or procured by EOU's, STP Units, EHTP units etc., till June 30, 2022 Read the official notification below - MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 31st March, 2022 No. 18/2022-Customs G.S.R. 249(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Governme..
Exemption of IGST & Compensation Cess on imported goods under FTP 2015-2020 extended till June 30, 2022 Read the official notification below - MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 31st March, 2022 No. 19/2022-Customs G.S.R. 248 (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do,..
Reduction of compliances and end-to-end automation of procedure relating to import of certain goods at concessional rate of duty In a significant step towards Atmanirbhar Bharat, Central Board of Indirect Taxes & Customs (CBIC) has reduced the compliances required under the Customs (Import of Goods at Concessional Rate of Duty-IGCR) Rules, 2017 and introduced end to end automation of the procedure involved. Towards this end, the online portal has gone live on www.icegate.gov.in ..
The Central Board of Indirect Taxes and Customs (CBIC) and all its field formations observed the International Customs Day, 2022 yesterday. The theme for this year, as given by the World Customs Organisation (WCO) was "Scaling up Customs Digital Transformation by Embracing a Data Culture and Building a Data Ecosystem". Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary congratulated the CBIC today ..
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