GSTIN Mandatory from 1 July 2017 for EXIM (GST Refund/ IGST Credit): CBEC
CBEC has advised the exporters/ importers to obtain GSTIN as the same shall be required to avail IGST credit on Imports or GST refund on exports, w.e.f. 1 July …
Tag: EXIM
Revised Duty Drawback Rates (All Industry) for 2016-17; Review for GST Framework
Revised Duty Drawback Rates for 2016-17 (w.e.f. 15 Nov. 2016), as notified by Govt. from time to time (including vide Circular No. 02/2017-Customs dt. 13 Jan. 2017 applicable w.e.f. …
DGFT Notifies ITC (HS) 2017: Schedule 1 to Import Policy
Indian Trade Classification (Harmonised System) of Import Items, 2017 , i.e. Schedule-1 (Import Policy) comprising of 98 Chapters notified by the DGFT, applicable w.e.f. 17 Jan. 2017.
EXIM Clearance thru Customs’ SWIFT (Single Window Interface for Facilitating Trade)
After successful implementation of SWIFT for imports clearance, CBEC has moved to implement it for exports clearance also w.e.f. 5 Jan. 2017. Now Importers/ Exporters can e-file their Customs …
Courier Shipping Bill in new Form CSB-V notified by CBEC replacing CSB-II
CBEC has notified Courier Imports and Exports (Clearance) Amendment Regulations, 2016 mainly to introduce new format of 'Courier Shipping Bill' in Form CSB-V replacing the CSB-II.
Mate Receipt Abolished for Containerised Cargo: CBEC
Based on recommendations of Committee constituted by Shipping Ministry for simplification & automation of customs procedures relating to Coastal Shipping, transshipment & Port clearances, CBEC has decided that …
Revised Procedure for Clearance of Import of Metal Scrap Notified by CBEC
The CBEC has issued Instructions Circular and has prescribed revised procedure for clearance of imported metal scrap (both ferrous and non-ferrous) applicable with immediate effect (including withdrawal of existing …
Launch of online Portal for facilitating EXIM Trade between India and Iran
An Online Portal for facilitating Exim Trade between India and Iran has been launched today by Dr. Inder Jit Singh, Additional Secretary, Department of Commerce in the presence of …
CBEC Rationalizes Procedures for Exporters obligations under EPCG authorizations
The CBEC has instructed to further rationalize the procedures reg. handling exporters obligations under EPCG authorizations to ensure transparent random selection criteria and selection for 5% check being made …
DGFT prescribes Procedure for Import of Un-shredded scrap
The DGFT vide Public Notice dt. 6 Oct. 2016 has prescribed procedure for designating ports for imports of un-shredded metallic scrap and handling of un-shredded scrap by ICDs.