Tag: cbic
GST must become an economic partnership, not just tax collection tool: CBIC chief Vivek Chaturvedi
GST has emerged as a key instrument in achieving India’s goal of becoming a developed nation by 2047, but tax rate rationalisation alone is not…
Silicon Valley companies discuss simpler GST, customs rules with CBIC
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) met tax representatives from leading technology firms, including Amazon, Accenture, Google, Cisco and Lam…
India-UK trade deal: CBIC eases paperwork for UK imports seeking preferential tariffs
The central board of indirect taxes and customs (CBIC) customs authority has eased documentation requirements for importers seeking preferential tariffs under the India-UK trade agreement,…
AI, tech to scan cargo without disrupting trade: CBIC Chairman
New Delhi: India plans to significantly expand the use of artificial intelligence, advanced image analytics and non-intrusive scanning technologies to detect illicit trade, Central Board…
CBIC cuts paperwork in deferred customs duty scheme to boost MSME participation and ease cash flow
New Delhi: The central board of indirect taxes and customs (CBIC) is cutting paperwork and starting outreach programmes to get more manufacturers, particularly MSMEs, to…
Subhash Chandra Garg cherry-picking figures from two different bases: CBIC
NEW DELHI: The Centre has rejected former finance secretary Subhash Chandra Garg‘s claim that GST growth numbers have been overstated by leaving compensation cess out…
CBIC releases import clearance checklist for cosmetics, drugs, and medical devices
The Central Board of Indirect Taxes and Customs (CBIC) has released a standardized checklist for Customs officers to review prior to approving import consignments of…
Customs portal aims to curb divergent assessment practices
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has launched a common digital repository of customs assessment decisions, rulings and advisories, giving…
CBIC eases documentation norms under Eligible Manufacturer Importer scheme
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has “substantially reduced” the data and documentation requirements for businesses that opt for the…
CBIC weighs centralised GST registration under one PAN
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has set up a high-level working group to examine a proposal for centralised administration…