CBIC News

GST on textile, apparel & footwear increased to 12%

The Central Board of Indirect Taxes and Customs (CBIC) has notified the increase in the goods and services tax (GST) of finished products such as

New Indian Customs rules not welcome by Dhaka

On 28 October this year, the commerce ministry sent a letter in this regard to India as per Delhi’s request at a secretary-level meeting in

GST hike on solar equipment

The Central Board of Indirect Taxes and Customs (CBIC) notified changes in the Goods and Services Tax (GST) rates for a host of products with

CBIC clarifies refund of accumulated ITC

The Central Board of Indirect Taxes and Customs (CBIC) has said that exports of goods having NIL rate of export duty will be eligible for

CBIC enables e-payment for express cargo clearance

The Central Board of Indirect Tax and Customs (CBIC) has enabled payment of customs duty on Express Cargo Clearance System (ECCS) courier imports through it’s

CBIC streamlines procedure for closing ICDs and CFSs

Finance ministry in a statement Tuesday said the procedures will provide relief to custodians of such ICDs and CFSs since there was no deadline for

Clamping import of unauthorised wireless equipment

The Central Board of Indirect Taxes and Customs (CBIC) has urged field officers to impose restrictions on the import of unauthorized wireless equipment. Also, it

Businesses can now self-certify GST annual returns

GST taxpayers with a turnover of over Rs 5 crore can now self-certify their annual return, instead of a mandatory audit certification by chartered accountants,

Certification renewal not required for AEO-T1 entities

The Central Board of Indirect Taxes and Customs (CBIC) on Saturday said it has done away with renewal of Authorised Economic Operator certification for AEO-T1