custom

Q1: What is eSanchit application? The Central Board of Indirect Taxes & Customs (CBIC) has launched eSanchit (e-Storage and Computerized Handling of Indirect Tax documents) for paperless processing, uploading of supporting documents and to facilitate the trading across Borders. It has already been made available to importers and exporters in the country. This application provides an electronic interface between tax payers and custom departmental officers to submit their import..

With the rapid advancements in technology, the whole world has become a global village. Going digital saves all of us a lot of time and cost. Many processes and tasks that form a part of our daily life and earlier required manual intervention have now become hassle-free. Let’s understand how the system of export business has changed since export plays a very critical element for the growth of our country! What is SEZ online? SEZ ..

In view of COVID-19 pandemic situation, the Government today extended relief to gems and jewellery sector by relaxing the requirement of re-import of cut and polished diamonds, which have been sent abroad for certification and grading, by three months. CBIC said that this extended time period would be available to exporters to bring back cut and polished diamonds after due certification and grading by specified laboratories abroad. This extension shall apply to all cut and polished ..

What is an ICEGATE Portal? Indian Customs and Central Excise Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway or ICEGATE is a portal that is used by traders, cargo service providers, and clients of the Customs and Central Excise Department for e-filing services. In addition to that, the portal is also used for communication and documentation between the department and other regulatory and licensing bodies. Who can register at ICEGATE? Business..

To curb the loss of revenue the authorities developed a Specialized Investigation Branch of Customs. This branch of customs is called "SPECIAL VALUATION BRANCH OF CUSTOMS (S V B)"...

Section 143AA of the Customs Act, 1962' wherein relaxation was given to accept an undertaking in lieu of a bond required during customs clearance upto 30.04.2020, subject to conditions as underlined in the circular...

1. RATE OF EXCHANGE OF CONVERSION INTO INDIAN CURRENCY OR VICE VERSA WITH EFFECT FROM 3rd MAY, 2019 TO 16th MAY 2019 (Notification No. 35/2019-Customs (N.T) dated 02.05.2019) ..

Know how you can get 5-7% rebate on your Service exports by the Government of India. This article includes Nature of Rewards, Eligibility Criteria and the services eligible for SEIS scheme...

Globalisation refers to the growing economic interdependence of countries across the globe through the increasing volume and variety of cross-border transaction..

The Central Board of Excise & Customs (CBEC) has launched e- SANCHIT on a pilot basis from 20th October 2017 for paperless processing, uploading of supporti..

AEO APPLICABLITY, BENIFITS, VALIDITY,RENEWAL, TYPES..

IEC TO BE ABOLISHED; GSTIN TO BE IN FUTURE..... In this article author discuss the change in IEC with the introduction of GST w.e.f. (the notified..