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Customs Dept To Roll-Out Faceless Assessment In A Phased Manner
In a circular on Monday, the Central Board of Indirect Taxes and Customs (CBIC) said since faceless assessment (commonly known as anonymised or virtual assessment) is a complete departure from the existing manner of customs assessment, it is being introduced in ...
Customs Dept To Roll Out Faceless Assessment In A Phased Manner
Deadline To Impose Higher Duties On American Products Extended
On Friday, the government extended the deadline to impose higher customs duties on 29 products imported from the US, that include walnuts, pulses and almonds to 2 May. On the recommendations of the department of commerce, the finance ministry will once ...
Deadline To Impose Higher Duties On American Products Extend
TV Sets, Microwave, Others To Cost More Post-Customs Duty Hike
Customers will have to shell out more to buy television sets, microwave, LED lamps and some other electronic items after the government last week hiked import duty on such items to drive up local manufacturing. According to the government notification, Customs ...
Tv Sets Microwave Others Cost More Post Customs Duty Hike
Gold In India Selling At Huge Discounts
In comparison to international gold prices, gold in the Indian subcontinent was selling at huge discounts on Friday owing to weak demand as well as rise in imports of the precious yellow metal from South Korea. Before the roll out ...
Tax Department To Start Consultation On Changes In Customs Act
The tax department has asked officials to start an outreach programme with stakeholders and make systemic changes to implement proposed modifications in the Customs Act aimed at de-cluttering ports and enhancing revenue. The Finance Bill 2017 proposes to modify the Customs ...
Tax Department Start Consultation On Changes Customs Act
NRIs, Indians Returning Home To Show Banned Notes To Customs
NRIs and Indians returning from abroad will have to physically show the junked 500 and 1,000 rupee notes to Customs officials at the airport and get a declaration form stamped before they can deposit the demonetised currency in RBI during the ...
Indirect tax collection rises 5.3% in Apr-Oct
New Delhi: Collection of indirect taxes, excise, customs and service tax stood at about Rs 2,69,100 crore during the first seven months of 2013-14 fiscal, up 5.3 percent from the same period last fiscal year. Excise collection during the April-October ...
Indirect Tax Collection Rises 5 3 Apr Oct
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