Tag: Central Board of Indirect Taxes and Customs
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…
GST growth comparisons can’t be ‘apples and oranges’ says CBIC; hits back at ‘misleading’ claims
The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday said attempts to compare GST revenue figures using different tax bases are “thoroughly misleading…
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…
GST registration for big businesses: Centre, states work on uniform documents for faster approvals
New Delhi, The Centre and state tax officers are working on guidelines to bring uniformity in documents that are to be submitted for faster processing…
CBIC readies rules to facilitate filing of multi-state GST appeals
New Delhi: The Central Board of Indirect Taxes and Customs is preparing a framework for streamlining the process for departmental appeals in cases involving more…
India-UK CETA duty benefits to require CBIC digital authentication
New Delhi: India will allow preferential duty benefits under the India-UK Comprehensive Economic and Trade Agreement (CETA) only after customs digitally authenticates a UK exporter’s…
Finance Ministry notifies rules for determination of origin of goods under India-UK trade pact
New Delhi: The finance ministry has notified the rules for determination of origin of goods under the India-UK comprehensive economic and trade agreement (CETA), which…
Goods moved from SEZs to domestic markets treated as imports; duty drawback applicable on re-exports
New Delhi: The government has clarified that when goods are supplied from SEZ units to the domestic market after paying applicable duties and later re-exported,…
Budget 2026: Fewer customs duty slabs, simplified tariff structure soon
Union Budget 2026: India is considering a reduction in the number of customs duty slabs to five or six from the current eight as part…