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FinMin amends rules governing customs & excise settlement commission ; existing officers to vacate posts with compensation

NEW DELHI : The Ministry of Finance has notified amendments to the rules governing the Customs and Central Excise Settlement Commission, mandating that all...

Rs 44 Cr Customs Duty evasion involving undervalued walnut imports : Bombay HC allows Anticipatory Bail

NEW DELHI : In a recent case, the Bombay High Court allowed anticipatory Bail in case of Rs 44 Cr of Customs Duty evasion...

India’s revenue foregone in first year of trade pact with U.K. estimated at ₹4,060 cr: GTRI

LONDON : India is expected to forego customs revenue of ₹4,060 crore in the first year of the free trade agreement (FTA) with the...

Transshipment is the new dirty word of trade

LONDON : Where is it from? It’s one of the top questions customs officials must ask of every shipment, alongside what it is and...

Parliament passes ‘Bills of Lading, 2025’ Bill on the first day of Monsoon Session, replaces 169 years old Colonial-Era Shipping Law

NEW DELHI : On the first day of monsoon session, the ‘Bills of Lading, 2025’ bill was passed by the Rajya Sabha paving the...

GJEPC opens Jewellery Hand Carriage Facilitation Centre at Mumbai Airport to boost exports

MUMBAI : The centre was formally inaugurated by Shri Surjit Bhujbal, Member Customs, CBIC, in the presence of senior officials including Smt. Prachi Saroop,...

CBI FIRs NR and NER officials for corruption in Gati Shakti project

NEW DELHI : The CBI has registered an FIR against senior officials of Northern Railways (NR) and North Eastern Railway (NER) posted in Lucknow...

WCO releases Data Model Version 4.2.0, advancing the digitalization of customs processes

BRUSSELS : The World Customs Organization (WCO) is proud to announce the release of the WCO Data Model Version 4.2.0, marking a significant step...

DRI foils major smuggling bid, seizes ₹35 crore worth of Chinese firecrackers in “Operation Fire Trail”

NEW DELHI : In a major crackdown on smuggling of Chinese firecrackers and fireworks into India, the Directorate of Revenue Intelligence (DRI), in an...

CBIC expands ICETAB-based Digital Customs Checks to export consignments

NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC) is expanding its digital customs clearance infrastructure with the rollout of ICETABs...
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