Customs Manual 2023

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 06.02.23 Customs Manual 2023     1.1 Central Board of Indirect Taxes and Customs (CBIC or the Board), Department of Revenue, Ministry of Finance, Government of India deals with the formulation of policy concerning levy and collection of Customs, Goods and Service Tax …

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 …

CBIC Extends IGST Exemption till 31/03/2023

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 30.11.2022 CBIC extends IGST and Compensation Cess Exemption to Goods Imported against AA/EPCG The Central Board of Indirect Taxes and Customs (CBIC) has extended the exemption from Integrated Tax (IGST) and Compensation Cess on goods imported against AA/EPCG authorizations till 31st March …

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