Latest Central Board of Indirect Taxes and Customs News & Updates

Amaravati, Feb 4 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Wednesday welcomed the Central Government’s decision to reduce the excise duty on unbranded raw tobacco products to zero.He said that the move will benefit the unbranded tobacco trade in the state.According to an official release, the state government has taken note of the gazette notification issued by the Central Finance Ministry in this regard.The Finance Ministry issued this gazette clarifying the duty structure ap…

New Delhi, Jan 19 (IANS) More than 3.96 lakh MSME loan applications amounting to more than Rs 52,300 crore have been sanctioned by the Public Sector Banks (PSBs) under the digital credit underwriting programmes (between April 1 and December 31, 2025), the government said on Monday.The PSBs launched Credit Assessment Model (CAM) based on digital footprints for Micro, Small and Medium Enterprises (MSMEs) last year.According to Ministry of Finance, this credit assessment model leverages the digital…