Custom News

Response from Ministry of Finance on reports relating to freezing of Indian assets in France

09 July 2021 at 05:32

There have been news reports that Cairn Energy has seized/ frozen State owned property of Government of India in Paris. However, Govt. of India has not received any notice, order or communication, in this regard, from any French Court.

Posted in Custom | 1536 Views

Launch of online filing of application for Authorised Economic Operators (AEO T2 and AEO T3)

07 July 2021 at 21:00

The new version (V 2.0) of the web application is designed to ensure continuous real-time and digital monitoring of physically filed AEO T2 and AEO T3 applications for timely intervention and expedience.

Posted in Custom | 1905 Views

CBIC determines rate of exchange of foreign currencies w.e.f 4th June 2021

03 June 2021 at 22:04

Central Board of Indirect Taxes and Customs determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II is annexed hereto w.e.f 4th June 2021.

Posted in Custom | 2322 Views

CBIC changes the place of supply for B2B MRO services in case of the shipping industry, to the location of the recipient

03 June 2021 at 06:18

The Central Board of Indirect Taxes and Customs has changed the place of supply for B2B MRO services in the case of the shipping industry, to the location of the recipient of service.

Posted in Custom | 1872 Views

Govt. exempts Amphotericin B used to treat Black Fungus from Customs Duty

01 June 2021 at 06:19

The Finance Ministry on 31st May 2021 exempted the Customs Duty on "Amphotericin B" that is used to treat Mucormycosis, commonly known as Black Fungus, till 31st August 2021.

Posted in Custom | 1416 Views

CBIC notifies Ad hoc Customs Exemption on Imports of COVID-19 relief material Donated from Abroad

01 June 2021 at 06:13

Earlier, this exemption was notified till 30th June 2021, however, considering the drastic impact of the second wave of the COVID-19 pandemic, the Central Government on 31st May 2021 extended the same to 31st August 2021.

Posted in Custom | 1419 Views

CBIC makes amendments vide Tariff Notification No. 49 /2021

31 May 2021 at 22:41

Tariff Notification No. 49 /2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.

Posted in Custom | 1557 Views

Enhancement of facilities under the Customs (IGCR) Rules, 2017

18 May 2021 at 22:27

CBIC has issued Circular No.10/2021-Customs, dated 17th May 2021 in order to assist the trade in understanding the improvements in the IGCR, 2017 so that they may make full use of the new facilities.

Posted in Custom | 1494 Views

List of officers for expeditious clearance of drawback and refund claims by Noida Customs

17 May 2021 at 05:44

List of officers for expeditious clearance of drawback and refund claims by Noida Customs has been listed in this news piece.

Posted in Custom | 1371 Views

CBIC implements Special Refund and Drawback Disposal Drive from 15th to 31st May 2021

17 May 2021 at 05:38

The Central Board of Indirect Taxes and Customs has implemented the "Special Refund and Drawback Disposal Drive" with the objective of priority processing and disposal of all pending refund and drawback claims.

Posted in Custom | 1569 Views