The Directorate General of Foreign Trade (DGFT) has issued a clarification addressing long-pending challenges faced by exporters in securing redemption of Advance Authorisations (AAs)...
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The Finance Act, 2025 has introduced significant amendments to Section 18 of the Customs Act, 1962, dealing with Provisional Assessment. These changes aim to...
Key Update under Customs Act, 1962 In exercise of the powers conferred under Section 14(2) of the Customs Act, 1962, the CBIC has notified...
In a significant move to streamline international trade procedures and align domestic regulations with global best practices, the Central Board of Indirect Taxes &...
CBIC has noted instances of AIR duty drawback being denied or reduced for exports using inputs that are non-duty paid or duty-concessional. As per...
Issue in Closure of Advance Authorisation (AA): Exporters face difficulties due to space constraints in the item description column of shipping bills (limited to...
The Central Board of Indirect Taxes & Customs (CBIC) has amended the tariff values for certain goods under Notification No. 36/2001-Customs (N.T.), replacing TABLE-1,...