CBIC clarifies Interest Payable by Importer on Default of Export Obligation as per Amnesty Scheme [Read Notification]
On 26th April 2023, the Central Board of Indirect Taxes and Customs (CBIC) amended certain notifications of the Customs Act, 1962. As per the amendment, in case of the default in the export obligation the
Foreign Trade Policy extended for Six Months
The Government has received requests from Export Promotion Councils and leading exporters that we should continue with current Foreign Trade Policy (2015-20), which had been extended from time to time. In recent days, exporters and
Prohibition of Wheat Export: CBIC allows Export of Consignments handed Over to Customs [Read Circular]
In a circular issued on Tuesday, the Central Board of Indirect Taxes and Customs (CBIC) has allowed the export of consignments handed over to the Customs till 13th May 2022, prior to the prohibition of
DGFT notifies Procedure, Criteria for Submission and Approval of applications for Export of Diagnostic Kits, their Laboratory reagents [Read Circular]
The Director-General of Foreign Trade (DGFT) notified the procedure and Criteria for submission and approval of applications for export of Diagnostic Kits and their components/laboratory reagents. “The quota for export of the following types of
Risky Exporter Alert : All you need to know!
When alert of risky exporter is invoked on the Import Export Code, all the refunds of IGST, Drawback and other benefits gets stopped and all the export consignment are subject to verification. This stoppage of
Central Govt removes Export Duty of Rice in the Husk (paddy or rough), of seed qualit [Read Notification]
The Central Government has, through a notification in the official gazette, struck off the export duty on Rice of seed quality in the husk (paddy or rough). The exemption notification stated that,  In exercise of
Exporter of Prohibited Goods cannot Waive Demurrage/Rent charges On Re-export: Delhi HC [Read Judgment]
In Muscles Fusion Fze V. The Principal Commissioner Of Customs (Import), Air Cargo Complex, Newdelhi & Ors, the Delhi High Court ruled that the exporter of prohibited goods not entitled to waive demurrage/rent charges on
DGFT notifies Minimum Export Price for Onions in Effort to Regulate Exports [Read Notification]
The Directorate General of Foreign Trade (DGFT), vide notification no. 45/2023 issued on 23rd November 2023 has notified the Minimum Export Price for onion in relation to regulate the exports. The notification states that “In
CBIC eases norms for Import and export of vaccines in relation to COVID-19 through Courier
The Central Board of Indirect Taxes and Customs (CBIC) has eased the norms for import and export of vaccines in relation to COVID-19 through Courier. In order to facilitate the import or export of vaccines
Ministry of Finance updates Customs Exchange Rate Notification for Import and Export of Goods
The Central Board of Indirect Taxes and Customs (CBIC) Notification No. 68/2023 - Customs (N.T) has updated the exchange rate on 21st August 2023. The rate shall come into effect on 22nd September 2023. In
Job Opening for Bcom Graduates
Urgently required BCom Graduate having min. 3-4 years experience in  preparation of *Export-Import documents, liaising with agents, brokers, and buyers for documents and proper execution of contract Salary: Upto 5 Lacs per annum The company
DGFT Suspends Inactive Standard Input-Output Norms ( SIONs ) w.e.f. April 1st, 2024
The Directorate General of Foreign Trade ( DGFT ), vide Public Notice No. 44/2023 dated February 22, 2024 notified the suspension of specific Standard Input-Output Norms ( SIONs ) outlined in Annexure "A,". This suspension
CBIC issues clarification on Export of Gems and Jewellery via Courier [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) issued the clarification on the export of Gems and Jewellery via Courier. The CBIC has received various representations from the Gems and Jewellery Export Promotion Council
DPIIT notifies Mandatory Standard Mark on Solar DC Cable and Fire Survival Cable [Read Notification]
The Department for Promotion of Industry and Trade (DPIIT) under Ministry of Commerce and Industry, vide notification no. S.O. 3807(E) issued on 25th August 2023 has notified the  Quality Control Order on Solar DC Cable
CBIC notifies New Provisions related to Surrender of Registration, Validity of Registration under Courier Imports and Exports (Clearance) Regulations, 1998 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has notified new Provisions related to Surrender of Registration, Validity of registration under Courier Imports and Exports (Clearance) Regulations, 1998. The CBIC has notified Courier Imports