Page 4 - Customs

Onerous obligations on importers under new Customs rules

It is meant to strengthen the provisions for checking misuse of exemptions for imports under various trade agreements

Customs department asked to dispose of hazardous goods after Beirut blasts

Revenue department sends letter after report last week 740 tonnes of ammonium nitrate was lying in storage near Chennai.

Authorities start clearing 740 tonnes of ammonium nitrate near Chennai

The chemical was lying at a container freight station (CFS) outside the port. The import containers had been confiscated by The Special Intelligence and Investigation Branch (SIB) Customs

No ammmonium nitrate in custody of Customs at Andhra ports: Official

There is no ammonium nitrate in the possession of Customs at Visakhapatnam- Gangavaram, Kakinada and Krishnapatnam ports of Andhra Pradesh

CBIC directs Customs to check safety of explosives in warehouses, ports

The Central Board of Indirect Taxes and Customs (CBIC) said this precautionary step has been taken in view of the recent incident of an explosion in a foreign country caused by such material

Those who kept goods moving during Covid deserve praise

Improved money supply helped revive the global demand. However, the demand in the domestic economy did not pick up enough

UK to create 'freeports,' bring massive tax cuts a year into Brexit: Report

The successful bidders designated as freeports will ultimately be legally outside UK customs territory, with goods imported, manufactured or re-exported without incurring national tariffs

Customs probes 18 commercial fraud cases involving goods worth Rs 170 cr

They said the consignments are under investigation for alleged over-valuation and mis-declaration of goods

Customs told to clear all Chinese shipments with entry bills till June 30

"The rationale for the June 30 midnight deadline is not very clear," said a government official.

Auto companies say disruptions in Chinese imports will hurt their recovery

Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).

Plea for distributing customs seized PPE kits to health workers rejected

The bench said the owners might come to court seeking release of their goods, so the same cannot be utilised for any other purpose

Chinese shipments await Customs clearance amid border standoff with India

Getting shipments from China may only get tougher going forward, industry fears.

Customs dept to launch faceless assessment of consignments from Monday

Faceless Assessment shall be the norm pan India by December 31, 2020, CBIC further said.

DGS has to take a call on waiving detention charges

The CBIC has also instructed field formations to make special efforts to dispose of all pending refund and drawback claims through a "special refund and drawback disposal drive"

Customs clearance goes paperless, contactless to speed up essentials import

Expedited clearance of raw materials will facilitate the production of essential items like pharmaceuticals in the country

Customs allows online clearance for moving laptops from STPI units

The Software Technology Parks of India allow for this approval online, but Customs clearance required one to physically take approval.

Coronavirus scare: 24x7 customs clearance at all ports, airports till May

Clearance of consignments to and from China can be done at all sea ports 24x7

Redefining law on exemptions

The Customs department so made the software in its Electronic Data Intercharge system that when exemption from BCD was claimed by presenting such scrip, the system automatically allowed it by a debit

Mindless ways of state apparatus

A notification is drafted at a junior level and goes through several layers in the bureaucracy before it is signed by the minister

12 hours to 12 minutes: Customs clearance to take the swift route

The move will result in significant savings in cost and time and help further improve India's ranking in the World Bank's Ease of Doing Business index