Customs to introduce more disclosures for export-import of medicinal products from June 1
NEW DELHI : The Customs Department is proposing to introduce additional disclosures for the export and import of medicinal products from June 1 to fast-track clearances of shipments. These additional disclosures, once introduced, will
CBIC : Circular on Amnesty scheme for one time settlement of default in export obligation by Advance and EPCG authorization holders
NEW DELHI : The CBIC has issued Circular No. 11/2023-Customs dated May 17, 2023 regarding the amnesty scheme for one time settlement of default in export obligation by Advance and Export Promotion Capital Goods
CBIC clarifies several queries related to Electronic Cash Ledger raised by EXIM trade / customs brokers
NEW DELHI : In a series of tweets, the Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance clarified several queries pertaining to Electronic Cash Ledger, raised by the EXIM
Jeena & Company launches the first module of its cutting-edge Freight Forwarding and Customs Clearance platform – J5
MUMBAI : Jeena & Company, a global leader in freight forwarding and supply chain solutions, is geared up to introduce J5 – a freight forwarding and customs clearance platform built on a completely new technology architecture.
Customs holds 800 containers of heavy melting scrap across key ports
NEW DELHI : Indian customs authorities have held back about 800 containers of imported heavy melting scrap (HMS) at key ports to ascertain the country of origin. The authorities said the consignments had been held on the
Adani’s Mundra port cargo adds Rs 80,732 crore to Customs’ assets
MUNDRA : Cargo handled at Adani Ports and Special Economic Zone (APSEZ) has contributed Rs 80,732 crore to the assets of the Customs department in FY23 compared to Rs 60,945 crore in FY22. According
Customs system glitch chokes shipments at ports pan India, traders pay heavy demurrage charges
NEW DELHI : Several shipments have been stuck at Indian ports due to glitches in the customs IT system, leading to importers paying heavy demurrage charges. According to trade reports, shipments worth Rs 3,000-5,000
Union Finance Minister chairs review meeting with CBIC
NEW DELHI : Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a review meeting with Central Board of Indirect Taxes & Customs (CBIC). The review meeting was attended by the Revenue