Jaipur, July 19 (IANS) The Narcotics Control Bureau (NCB) convened the quarterly State-Level Joint Coordination Committee (JCC) meeting for Rajasthan in Jaipur to strengthen coordinated efforts among enforcement agencies in combating drug trafficking and implementing a comprehensive strategy against narcotics-related crimes, officials said on Sunday.The meeting was jointly chaired by the Deputy Director General (Western Region) of the NCB and the Inspector General of the Anti-Narcotics Task Forc…
Latest CBIC News & Updates
New Delhi, July 9 (IANS) The government has rolled out more customs duty relief to lower the cost of importing a wide range of components and capital goods used to produce electronic goods such as smartphones and lithium-ion battery manufacturing, in order to promote domestic production of finished products.The Central Board of Indirect Taxes and Customs (CBIC) has issued three separate notifications to roll out the customs duty waiver and expand the list of goods eligible for concessional duty….
New Delhi, July 5 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA), set to come into force on July 15, provides duty-free access for 99 per cent of India’s exports to the UK.According to the latest notification from Finance Ministry that set out the rules, a product will qualify as originating in India or the UK if it is wholly obtained in either country, produced entirely from originating materials, or manufactured using non-originating inputs while meeting the product-spec…
Nairobi, April 27 (IANS) The 10th meeting of the Joint Trade Committee of India and Kenya was held in Nairobi on Monday.The meeting was co-chaired by Commerce Secretary of India, Rajesh Agrawal and Principal Secretary for Trade of Kenya Regina Akoth Ombam, the High Commission of India in Kenya stated.Both sides held comprehensive discussions on enhancing bilateral trade, improving market access, addressing tariff and non-tariff barriers, and strengthening cooperation in key sectors, including ph…
New Delhi, April 8 (IANS) Illicit trade in India remains as a “shadow economy” that impacts consumer trust, honest businesses and public revenues, Minister of Consumer Affairs, Food & Public Distribution Pralhad Joshi said on Wednesday.The objective is not just consumer protection, but consumer prosperity, the minister said as he pointed to initiatives such as the Central Consumer Protection Authority, the National Consumer Helpline, and the Jago Grahak Jago campaign as key pillars in em…
New Delhi, April 1 (IANS) The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday introduced a special one-time relief measure for eligible units in Special Economic Zones (SEZs) to facilitate the sale of manufactured goods to the Domestic Tariff Area (DTA) at concessional rates of duty. The move comes in pursuance of the Union Budget 2026-27 announcement to address the concerns faced by the manufacturing units in the Special Economic Zones (SEZ) due to ongoing global trade disruptio…
New Delhi, March 28 (IANS) The Central Board of Indirect Taxes and Customs held a hybrid outreach programme on the Duty Deferment Scheme for eligible manufacturer importers to speed clearances, an official statement said on Saturday.The statement from the Ministry of Finance said the scheme allows eligible manufacturer importers to clear goods without upfront duty payment and to pay duties on a monthly basis.Customs officials, representatives from trade bodies, industry, and key stakeholders par…
New Delhi, March 8 (IANS) The Central government has relaxed customs procedures for export cargo that is returning to India after ships were forced to turn back due to disruptions in key maritime routes, including the closure of the Strait of Hormuz.The move comes after several vessels carrying Indian export consignments were unable to reach their destination ports because of the ongoing disruptions in the region.As a result, some ships have returned to Indian ports with cargo that had already b…
New Delhi, March 1 (IANS) In a bid to significantly improve ease of doing business, the Central Board of Indirect Taxes and Customs (CBIC) has introduced a new facilitation measure for trusted manufacturers by enabling the facility of deferred payment of customs duty to a new category of importers called Eligible Manufacturer Importers (EMIs), it was announced on Sunday.CBIC has issued detailed eligibility conditions, application process and operational guidelines through a circular dated Februa…
New Delhi, Feb 28 (IANS) Union Finance Minister Nirmala Sitharaman said on Saturday that she would look into the issue of the arrest of Fino Payments Bank’s Managing Director (MD) and Chief Executive Officer Rishi Gupta after IT industry leader and former Infosys Chief Financial Officer (CFO) Mohandas Pai flagged GST’s overreach and requested the Finance Minister’s intervention in a social media post. Gupta was arrested on Friday under the Central Goods and Services Tax Act and the State Goods a…