India asks WTO to work on clear definition of e-commerce trade in goods, services
GENEVA : India has asked the WTO members to work on a clear definition of e-commerce trade in goods and services as it would help provide developing countries a policy space to make decisions
WCO organizes Second Symposium on E-Commerce and Customs Valuation
BRUSSELS : On 23 October 2023, the World Customs Organization (WCO) held its second Symposium on E-Commerce and Customs Valuation. Following the first Symposium in February, which underscored numerous challenges stemming from E-Commerce transactions, the
Customs officer hails traders as real heroes of economy at EXIM-23 Summit
KOCHI : The trading community is the driving force of the economy and the government is promoting trade and commerce actively, Customs Commissioner Gurkaran Singh Bains said here on Friday. The Indian Revenue Service
CBIC issued circular regarding the revision of All Industry Rates (AIRs) of Duty Drawback
NEW DELHI : The CBIC issued Circular No. 26/2023-Customs dated October 26, 2023, regarding the revision of All Industry Rates (AIRs) of Duty Drawback. These revisions were notified in Notification No. 77/2023-Customs (N.T.) dated October 20,
Strengthened cooperation between WCO and OECD : An updated Memorandum of Understanding signed
BRUSSELS : The World Customs Organization (WCO), represented by its Secretary General, Dr. Kunio Mikuriya, and the Organisation for Economic Co-operation and Development (OECD), represented by its Secretary General Mr. Mathias Cormann, signed an updated
Surat Diamond Bourse houses India’s largest Customs Clearance Center
SURAT : The Surat Diamond Bourse (SDB), a colossal architectural masterpiece and the world’s largest office building, is set to elevate India’s diamond export industry to new heights. Not only does this mega structure dwarf the
DGFT; discontinuation of issuance of physical copy of Restricted Import Authorisation with effect from October 19, 2023
NEW DELHI : The DGFT issued Trade Notice No. 31/2023-24 dated October 19, 2023 regarding the discontinuation of the Issuance of a Physical copy of Restricted Import Authorisation with effect from October 19, 2023. To further
Special campaign 3.0 in full swing in CBIC
NEW DELHI : All offices of the Central Board of Indirect Taxes and Customs (CBIC) have been enthusiastically participating in Special Campaign 3.0 for Disposal of Pending Matters (SCDPM 3.0) all over the country.