Major Highlights-Budget 2023-24

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 01.02.23 Major Highlights-Budget 2023-24   Key points FY-2024 fiscal deficit target at 5.9% of GDP Outlay for capital spending increased 33% to 10 trillion rupees in 2023/24 Cigarettes to get costlier as Budget proposes 16% hike in duty To set up agriculture accelerator …

Refunds under the Indian Customs Act, 1962 against Advance Authorization/EPCG License Revocations

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 25.01.23   Refunds under the Indian Customs Act, 1962 against Advance Authorization/EPCG License Revocations   The legal provisions related to the refund’s provisions under the Indian Customs Act, 1962, which is applicable for PAN India locations is produced below for a Legal …

Customs Valuation Declaration Rules 2023

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 19.01.23   Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023   The CBIC vide Notification No 03/2023-Customs (NT) has notified the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 on 11th January 23.   Key Points: Procedure …

Tariff concessions under the India Australia ECTA

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 13.01.23   Tariff concessions under the India Australia ECTA The CBIC vide Notification No 62/2022-Customs dtd 26th December 2022 and Notification No 64/2022-Customs dtd 29th December 2022 has notified the tariff concessions provided under the India Australia ECTA. Indian Importers may plan their …

Modified Extended Producers Responsibility (EPR) as Notified by Indian Customs

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 10.01.23 Modified Extended Producers Responsibility (EPR) as Notified by Customs Instruction The CBIC vide Instruction no 1/2023 dtd 07th January 2023, has notified the Modified Extended Producers Responsibility (EPR) registration requirements and compliances as per the E-waste Management Rules, 2022 in suppression of …

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