Centre working to restore gold import tax exemption for banks; shipments resume after IGST glitch: IBJA
The central government is working to rectify a technical oversight in a recent notification that inadvertently withdrew a long-standing tax […]
Customs News
Indian April gold imports fall to near 30-year low as tax demand hits shipments
India’s April gold imports are set to fall to a near 30-year low of around 15 metric tons, industry and
Govt examining removal, reduction of 11% import duty on cotton: Official
The government is looking at the elimination or reduction of the customs duty levied on cotton imports, an official said
Nepal’s customs duty is the outcome of a ‘pre-existing provision’, will not affect ‘household goods’: India
Days after Nepal tightened rules imposing customs duty on cross-border travellers from India, the Ministry of External Affairs (MEA) took
Hyundai Motor India faces ₹22.02 crore customs duty demand over air purifier import classification
Hyundai Motor India (HMIL) has received an order from the Commissioner of Customs, Chennai-II (Imports), imposing a total demand of
Finance ministry may review MOOWR benefits for battery storage imports
The finance ministry may initiate consultations with the ministries of power and renewable energy this week on continuing customs warehousing
Supreme Court Stays Rs 14.91 Crore Customs Recovery Against HP India
The Supreme Court has granted interim relief to HP India Sales Pvt. Ltd. by staying recovery of a Rs 14.91
Foreign exporter not liable for importer’s acts: Bombay High Court quashes customs notices against German textile firm
The Bombay High Court recently quashed show cause notices issued to a German textile firm for alleged misdeclaration of imported
Customs arrest businessman and CHA trying to export drugs in Mumbai
The Customs arrested a businessman and a clearing agent for allegedly trying to export a chemical without a prior no
Fake customs officials rob Gujarat jeweller’s staff of 17kg gold in Khagaul
Criminals posing as customs officers looted around 17kg of gold jewellery worth over Rs 25 crore from two employees of
