CBIC notifies Updated Foreign Exchange Rate of Import and Export of Goods: Check New Rate [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ), vide notification no. 24/2024 - Customs (N.T.) issued on 26th March 2024 has updated the...
![Calculation of basic Customs Duty on MRP of Goods Contrary to Proviso of Section 3 (1) of CETA: CESTAT sets aside Calculation of Assessable Value [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Customs-Duty-Customs-duty-calculation-CESTAT-CESTAT-Ahmedabad-Calculation-of-Assessable-Value-taxscan.jpg "Calculation of basic Customs Duty on MRP of Goods Contrary to Proviso of Section 3 (1) of CETA: CESTAT sets aside Calculation of Assessable Value [Read Order]")
![Rejection of value declared on Bill of Entry being Serious Act should be Supported by Evidence and Compelling Provision: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Rejection-value-declared-on-Bill-of-Entry-Serious-Act-Supported-Evidence-and-Compelling-Provision-CESTAT-taxscan.jpg "Rejection of value declared on Bill of Entry being Serious Act should be Supported by Evidence and Compelling Provision: CESTAT [Read Order]")
![CESTAT upholds redetermination of value of Diaphragm Boost Pump carried out by customs authorities under Rule 7 of Customs Valuation Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-Diaphragm-Boost-Pump-customs-authorities-Customs-Valuation-Rules-CESTAT-upholds-redetermination-taxscan.jpg "CESTAT upholds redetermination of value of Diaphragm Boost Pump carried out by customs authorities under Rule 7 of Customs Valuation Rules [Read Order]")
CBIC issues Order under rule 5 of Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 for Linear Alkyl Benzene [Read Order]
The central Board of Indirect Taxes and Customs (CBIC) vide CAVR Order No. 01/2023-Customs has issued Order under rule 5 of Customs (Assistance in Value Declaration of Identified Imported Goods)...
![CBIC issues Order under rule 5 of Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 for Linear Alkyl Benzene [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/CBIC-Order-Customs-Assistance-Value-Declaration-Identified-Imported-Goods-Linear-Alkyl-Benzene-TAXSCAN.jpg "CBIC issues Order under rule 5 of Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 for Linear Alkyl Benzene [Read Order]")
Enhancement of Value of Imported Goods without Giving Proper Reasons to Reject Transaction Value cannot be Sustained: CESTAT [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), observed that the enhancement of value of imported goods without giving proper reasons to reject transaction...
![Enhancement of Value of Imported Goods without Giving Proper Reasons to Reject Transaction Value cannot be Sustained: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Enhancement-Value-Imported-Goods-Proper-Reasons-Reject-Transaction-Value-Sustained-CESTAT-TAXSCAN.jpg "Enhancement of Value of Imported Goods without Giving Proper Reasons to Reject Transaction Value cannot be Sustained: CESTAT [Read Order]")
CBIC notifies new Exchange Rate of Foreign Currency for Import and Export of Goods we.f. 21st July 2023
The Central Board of Indirect Taxes and Customs (CBIC) vide notification no. Notification No. 54/2023 - Customs (N.T) has notified the exchange rate on 20th July 2023. The rate shall come into effect...
Finance Ministry notifies Foreign Currency Conversion Rates for Import and Export of Goods w.e.f. July 7th, 2023
With effect from today (07-07-2023), the Central Board of Indirect Taxes and Customs (CBIC) has announced the revised rates of exchange for conversion of foreign currencies for import and export of...
Transaction Value declared by Importer deemed as Assessable Value unless rejected for Specific Reasons under Customs Valuation Rules: CESTAT [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that the Transaction Value declared by the Importer shall be deemed to be the Assessable Value unless the...
![Transaction Value declared by Importer deemed as Assessable Value unless rejected for Specific Reasons under Customs Valuation Rules: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Transaction-Value-Importer-Assessable-Value-rejected-Specific-Customs-Valuation-Rules-CESTAT-TAXSCAN.jpg "Transaction Value declared by Importer deemed as Assessable Value unless rejected for Specific Reasons under Customs Valuation Rules: CESTAT [Read Order]")
![Finance Ministry Amends Exchange Rate of Turkish Lira w.e.f. 8th June 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/Finance-Ministry-Turkish-Lira-Finance-Ministry-Amends-Exchange-Rate-of-Turkish-Lira-Exchange-Rate-taxscan.jpg "Finance Ministry Amends Exchange Rate of Turkish Lira w.e.f. 8th June 2023 [Read Notification]")
Finance Ministry notifies Foreign Currency Conversion Rates for Import and Export of Goods w.e.f. June 2nd, 2023 [Read Notification]
With effect from today (01-06-2023), the Central Board of Indirect Taxes and Customs (CBIC) has announced the revised rates of exchange for conversion of foreign currencies for import and export of...
![Finance Ministry notifies Foreign Currency Conversion Rates for Import and Export of Goods w.e.f. June 2nd, 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/Finance-Ministry-notifies-Foreign-Currency-Conversion-Rates-for-Import-and-Export-of-Goods-TAXSCAN.jpg "Finance Ministry notifies Foreign Currency Conversion Rates for Import and Export of Goods w.e.f. June 2nd, 2023 [Read Notification]")