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Mr. Rajat Chhabra & Ms. Vishakha Kamboj penned an article in TIOL suggesting that the Government is considering the introduction of an amnesty scheme in the forthcoming Union Budget 2026-27 is the need of hour.
He says that as on March, 2024, 48,014 cases involving over Rs.1.52 lakh crore worth of customs duty disputes remain in litigation.
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The Commissionerate of Customs (Preventive), Kochi, launched a series of raids across Kerala targeting affluent individuals, including prominent actors and industrialists, as part of a crackdown on the alleged illegal import of premium vehicles from Bhutan.
The government on Tuesday restored full benefits of its flagship export promotion scheme Remission of Duties and Taxes on Exported Products (RoDTEP) that is designed to refund taxes incurred while producing for exports to agriculture and processed food items.
The government on Tuesday imposed restrictions on the import of gold jewellery and parts from all countries, except from its free-trade agreement (FTA) partner United Arab Emirates amid an ‘unusual surge’ in the inbound shipments.