Importers To Furnish Additional Information At Customs Automated System While Filing A Bill Of Entry In Case Of "Specified Goods": CBIC
2 years, 2 months ago

Importers To Furnish Additional Information At Customs Automated System While Filing A Bill Of Entry In Case Of "Specified Goods": CBIC

Live Law  

The Central Board of Indirect Taxes and Customs has notified the Customs Rules, 2023, which shall come into effect on February 11, 2023.The Board has informed importers that, when filing a bill of entry for "specified goods," they will need to provide additional information in the Customs Automated System.The. The Central Board of Indirect Taxes and Customs has notified the Customs Rules, 2023, which shall come into effect on February 11, 2023. The Board has informed importers that, when filing a bill of entry for "specified goods," they will need to provide additional information in the Customs Automated System. In order to examine the case for specifying identified goods, for instance, Rule 6 not only specifies the sources from which a reference may be received by the Board but also the accompanying information or data.

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History of this topic

CBIC scheme drives hassle-free imports
1 year, 9 months ago

CBIC scheme drives hassle-free imports

Live Mint  

Importers who are accredited to the Central Board of Indirect Taxes and Customs for following supply chain safety norms accounted for nearly a fourth of India’s merchandise imports in FY23, highlighting the increased adoption of the scheme meant to ensure hassle-free movement of goods at ports, according to Vivek Johri, chairman of CBIC. In FY23, more than a thousand entities …

Undervaluing imports could trigger 1-2 years of extra obligations
2 years, 5 months ago

Undervaluing imports could trigger 1-2 years of extra obligations

The Hindu  

Importers found to be under-declaring the value of shipments will face additional obligations for at least one year and no more than two years, for first instances of such violations, the Central Board of Indirect Taxes and Customs has proposed. To address the issue of undervaluation in imports, this year’s Finance Bill introduced amendments to the Customs Act of 1962 …

CBIC Notifies Deputy DRI Or Assistant DRI To Act As The Proper Officer Under The Customs
2 years, 8 months ago

CBIC Notifies Deputy DRI Or Assistant DRI To Act As The Proper Officer Under The Customs

Live Law  

The Central Board of Indirect Taxes and Customs has notified the Deputy DRI or Assistant DRI to act as the proper officer under the Customs. 26/2022 to designate the Deputy Director of Revenue Intelligence or Assistant Director of Revenue Intelligence as the proper official under Section 109A of the Customs Act, 1962. Section 9A of the Customs Act, 1962 relates …

Devices For Track-And-Trace To Be Affixed In Suspected Consignment During Controlled Delivery Operation: CBIC
2 years, 8 months ago

Devices For Track-And-Trace To Be Affixed In Suspected Consignment During Controlled Delivery Operation: CBIC

Live Law  

The Central Board of Indirect Taxes and Customs has notified the Controlled Delivery Regulations, 2022. The specified authority, after due consideration, may approve the controlled delivery of the suspect consignment and authorise the proper officer to undertake such a controlled delivery. "Upon receiving the approval of the specified authority to undertake controlled delivery, the proper officer may, if required, affix …

CBIC Exempts Registered Person From Filing Annual Return Whose Aggregate Turnover In FY 2021-22 Is Upto Rs. 2 Crores
2 years, 8 months ago

CBIC Exempts Registered Person From Filing Annual Return Whose Aggregate Turnover In FY 2021-22 Is Upto Rs. 2 Crores

Live Law  

The Central Board of Indirect Taxes and Customs, on the recommendation of the GST Council, has exempted the registered person from filing an annual return whose aggregate turnover in the financial year 2021-22 is up to Rs. The Board has inserted a provision that the persons shall furnish a statement containing the details of self-assessed tax in FORM GST CMP-08 …

CBIC Reduces Compliances For Import Of Goods At Concessional Rate Of Customs Duty
3 years ago

CBIC Reduces Compliances For Import Of Goods At Concessional Rate Of Customs Duty

Live Law  

In a significant step towards Atmanirbhar Bharat, the Central Board of Indirect Taxes and Customs has notified the reduction in compliances and end-to-end automation of procedure relating to import of certain goods at concessional rate of Customs Duty. "The CBIC has reduced the compliances required under the Customs Rules,2017 and introduced end to end automation of the procedure involved. Importers …

Coronavirus Outbreak: CBIC launches e-gate passes to expedite import clearance process
4 years, 11 months ago

Coronavirus Outbreak: CBIC launches e-gate passes to expedite import clearance process

Firstpost  

The revenue department has launched electronic delivery of gate passes and final bills of entry to customs brokers and importers with an aim to further simplify the import clearance process by reducing human interface and help tackle the scourge of Covid-19 New Delhi: The revenue department has launched electronic delivery of gate passes and final bills of entry to customs …

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