February 11, 2026
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FinMin amends rules governing customs & excise settlement commission ; existing officers to vacate posts with compensation

August 4, 2025 Customs, Economy, Finance, Tax, Trade, Trending News
NEW DELHI : The Ministry of Finance has notified amendments to the rules governing the Customs and Central Excise Settlement Commission, mandating that all existing members, including the Chairman and Vice-Chairmen, vacate their positions

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

August 4, 2025 Customs, COMMERCE, Economy, EXPORT, Finance, Global Trade, Trade, Trending News
NEW DELHI : In a recent case, the Bombay High Court allowed anticipatory Bail in case of Rs 44 Cr of Customs Duty evasion involving undervalued walnut imports. The applicants have demonstrated their willingness

FICCI expresses disappointment over tariffs on India announced by Trump, experts say decision would have varied impact on different sectors

July 31, 2025 Association, Business, COMMERCE, Economy, Export - Import, Global Trade, MSME, Organisation, Trade, Trending News
NEW DELHI : Industry association FICCI on Wednesday expressed disappointment over US President Donald Trump‘s decision to impose a 25 per cent tariff on Indian goods and said the move is unfortunate and will

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

July 29, 2025 Customs, Economy, Global Trade, Import, Trade, Trending News
LONDON : India is expected to forego customs revenue of ₹4,060 crore in the first year of the free trade agreement (FTA) with the United Kingdom, as tariffs are reduced or eliminated on a

Transshipment is the new dirty word of trade

July 28, 2025 Export - Import, Business, COMMERCE, Customs, EXPORT, Global Trade, Import, MSME, Trending News
LONDON : Where is it from? It’s one of the top questions customs officials must ask of every shipment, alongside what it is and how much it is worth. Donald Trump’s trade war could

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

July 22, 2025 Customs, DGFT, Export - Import, Logistics, Maritime, NVOCC, Shipping, Shipping Line, Trade, Trending News
NEW DELHI : On the first day of monsoon session, the ‘Bills of Lading, 2025’ bill was passed by the Rajya Sabha paving the way for Presidential Assent. Tabled by the Union Minister of Ports,

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

July 21, 2025 EXPORT, Business, Customs, Finance, Global Trade, Trade, Trending News
MUMBAI : The centre was formally inaugurated by Shri Surjit Bhujbal, Member Customs, CBIC, in the presence of senior officials including Smt. Prachi Saroop, Principal Chief Commissioner, Shri Alok Jha, Principal Commissioner, Shri Dnyaneshwar

Bombay High Court stays CBI probe against TCE over ₹800 crore JNPA scam

July 16, 2025 CBI, Company, Ports, Trade, Trending News
MUMBAI : The Bombay High Court on Tuesday stayed an investigation against Tata Consulting Engineers (TCE) in a case registered by the Central Bureau of Investigation (CBI) in connection with the alleged ₹800 crore

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

July 16, 2025 Customs, Logistics, Rail Freight, Railway, Trade, Trending News
NEW DELHI : The CBI has registered an FIR against senior officials of Northern Railways (NR) and North Eastern Railway (NER) posted in Lucknow and Varanasi for allowing the unhindered passage of irregular bills

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

July 16, 2025 Customs, Finance, Global Trade, Trade, Trending News
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 forward in the digitalization and harmonization of customs procedures worldwide.
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