FM Nirmala Sitharaman pushes for sooner cargo launch, refunds
NEW DELHI : Finance Minister Nirmala Sitharaman urged the Customs division for stronger administration and coordination of features to realize ‘zero daily assessment pendency’ and sooner launch of cargo. Sitharaman who undertook a day-long
GST on apparel, textiles and footwear up from 5% to 12%, effective January
NEW DELHI : The Government has increased goods and services tax (GST) applicable on finished products such as apparel, textiles and footwear from 5 percent to 12 percent, effective January 2022. This was notified
CBIC Chairman inaugurates Customs & GST pavilion at 40th India International Trade Fair
NEW DELHI : Shri M. Ajit Kumar, Chairman, CBIC, inaugurated the Customs & GST pavilion , at Hall no.12 of Pragati Maidan, New Delhi. Central Board of Indirect Taxes and Customs (CBIC) has set up Customs & GST pavilion in
Digital initiatives launched by Customs Dept for examination of cargo
NEW DELHI : The Central Board of Indirect Taxes and Customs on Thursday launched an online application for scheduling examination of import cargo for traders at inland container depot Tuglakabad (ICD TKD) here. “As a major
Government testing blockchain technology to streamline logistics industry
NEW DELHI : In a move towards promoting secure paperless trade, CBIC_India of Finance Ministry explores new frontiers for promoting DigitalIndia by adopting Blockchain Technology for tracking movement of containers to a bonded warehouse.
CBIC makes clear refund of accumulated ITC
NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC) has said that exports of goods having NIL rate of export duty will be eligible for refund of unutilised input tax credit
As centre extends container re-import timeline,exporters get hopeful
NEW DELHI : To address the problem of shortage of containers for exports, the tax department has decided to give three more months for the re-export of imported vessels lying at domestic ports, according
Supplies to IT/ITeS parent firms eligible for refunds, clarifies CBIC
NEW DELHI : In what will address the concerns of services exporters, especially information technology and information technology-enabled services (IT/ITeS) entities, the Central Board of Indirect Taxes and Customs (CBIC) clarified that supplies to