Trade Compliance – Page 3 – prefaceventure.com

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April 25, 2025

DGFT, Public Notice

New SION A-3685 Fixed Under Chemical & Allied Products (Product Code ‘A’)

The Directorate General of Foreign Trade (DGFT), in a move to streamline and standardize export inputs for pharmaceutical products, has notified a new Standard...

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April 22, 2025

Circulars, Customs

Amendment to Circular No. 38/2020 Guidelines dated 21st August 2020 – reg.

In a significant move to streamline international trade procedures and align domestic regulations with global best practices, the Central Board of Indirect Taxes &...

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April 9, 2025

Circulars, Customs

Clarification on BCD Classification for Interactive Flat Panel Displays (IFPDs) and Other Monitors.

Customs Classification Clarified: Distinction Between IFPDs and Monitors & Related Duty Structure. The 2025-26 Union Budget brought significant changes to the Basic Customs Duty...

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April 3, 2025

DGFT, Notification

Inclusion of Land Custom Station (LCS) Darranga as a Food Import Entry Point.

The Central Government has issued a notification revising the General Notes Regarding Import Policy under Schedule-I (Import Policy), ITC (HS), 2022. This amendment includes...

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March 4, 2025

Customs, Instructions/ Guidelines

𝗔𝗱𝗺𝗶𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗼𝗳 𝗔𝗜𝗥 𝗗𝘂𝘁𝘆 𝗗𝗿𝗮𝘄𝗯𝗮𝗰𝗸 𝗼𝗻 𝗘𝘅𝗽𝗼𝗿𝘁𝘀 𝘄𝗶𝘁𝗵 𝗡𝗼𝗻-𝗗𝘂𝘁𝘆 𝗣𝗮𝗶𝗱 𝗜𝗻𝗽𝘂𝘁𝘀 – 𝗜𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟬𝟭/𝟮𝟬𝟮𝟱-𝗖𝘂𝘀𝘁𝗼𝗺𝘀.

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...

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February 19, 2025

Customs, Non Tariff, Notification

𝗧𝗮𝗿𝗶𝗳𝗳 𝗩𝗮𝗹𝘂𝗲 𝗨𝗽𝗱𝗮𝘁𝗲 𝗳𝗼𝗿 𝗘𝗱𝗶𝗯𝗹𝗲 𝗢𝗶𝗹𝘀, 𝗕𝗿𝗮𝘀𝘀 𝗦𝗰𝗿𝗮𝗽, 𝗔𝗿𝗲𝗰𝗮 𝗡𝘂𝘁, 𝗚𝗼𝗹𝗱 & 𝗦𝗶𝗹𝘃𝗲𝗿.

The Central Board of Indirect Taxes & Customs (CBIC) has amended Notification No. 36/2001-Customs (N.T.) under Section 14(2) of the Customs Act, 1962. This...

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New SION A-3685 Fixed Under Chemical & Allied Products (Product Code ‘A’)

Amendment to Circular No. 38/2020 Guidelines dated 21st August 2020 – reg.

Clarification on BCD Classification for Interactive Flat Panel Displays (IFPDs) and Other Monitors.

Inclusion of Land Custom Station (LCS) Darranga as a Food Import Entry Point.

𝗧𝗮𝗿𝗶𝗳𝗳 𝗩𝗮𝗹𝘂𝗲 𝗨𝗽𝗱𝗮𝘁𝗲 𝗳𝗼𝗿 𝗘𝗱𝗶𝗯𝗹𝗲 𝗢𝗶𝗹𝘀, 𝗕𝗿𝗮𝘀𝘀 𝗦𝗰𝗿𝗮𝗽, 𝗔𝗿𝗲𝗰𝗮 𝗡𝘂𝘁, 𝗚𝗼𝗹𝗱 & 𝗦𝗶𝗹𝘃𝗲𝗿.

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GST Clarification on Secondary & Post-Sale Discounts Issued.

Exemption from QCO on Import of Aerospace Grade Hydrogen Peroxide.