DGFT Imposes Minimum Import Price (MIP) for Soda Ash Under ITC Chapter 28 [Read Notification]
The Government of India, through the Ministry of Commerce & Industry, issued Notification No. 46/2024-25 dated December 30, 2024, announcing a...
Delhi HC sustains Existing Allocation of Bullion TRQ Post-Review Meeting of UAE-India CEPA [Read Order]
The Delhi High Court recently affirmed the sustenance of the existing allocation of Tariff Rate Quota ( TRQ ) on the import of Bullion, in accordance with the Minutes of the Meeting held on 8th...
DGFT Extends Deadline Period for Broken Rice Exports to Senegal and Gambia through NCEL [Read Notification]
The Directorate General of Foreign Trade ( DGFT ) through Notification No. 42/2024-25 dated December 5, 2024, extended the deadline for the export of broken rice - ITC(HS) code 10064000 to Senegal...
DGFT Amends Import Policy Condition for Electronic Integrated Circuits Processors and controllers, Memories, Amplifiers, Other [Read Notification]
The Directorate General of Foreign Trade ( DGFT ), under the Ministry of Commerce & Industry, issued Notification No. 41/2024-25 amending the import policy for specific electronic integrated...
Once Importer Voluntarily Accepts Enhanced Goods Value, Penalties and Confiscation become Unnecessary: CESTAT [Read Order]
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) ruled that penalties and confiscation become unwarranted once an importer voluntarily accepted the enhancement...
![Once Importer Voluntarily Accepts Enhanced Goods Value, Penalties and Confiscation become Unnecessary: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Importer-minimum-import-price-DGFT-minimum-import-price-rules-CESTAT-taxscan.jpg "Once Importer Voluntarily Accepts Enhanced Goods Value, Penalties and Confiscation become Unnecessary: CESTAT [Read Order]")