Tag: Central Board of Indirect Taxes and Customs
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…
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…
Centre designates core customs and indirect tax digital platforms as “critical information infrastructure” under IT Act
Centre has formally designated its core customs and indirect tax digital platforms as “critical information infrastructure” under the Information Technology Act, a move that significantly…
CBIC allows 90% provisional refund for IDS claims
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) has instructed its field formations to sanction 90% of the refund amount claimed on…
CBIC working on monetary limit for GST demand notices: Official
The Central Board of Indirect Taxes and Customs (CBIC) is working on a mechanism to set a monetary limit for issuing GST demand notices to…
Short end of the GST stick makes one shine, leaves another guessing
As the government’s GST rate cuts draw applause, two winners have already emerged — the Indian consumer and FMCG firms. The sector left holding the…
New invoice system in works to curb automated notices
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) is working on a new advanced invoice management system that will prevent system-generated notices…