Several initiatives taken by the Government to fast-track exports and imports
The Government of India has taken many steps to fast-track exports and imports under the Authorized Economic Operator (AEO) framework.
Category: Press Release
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presides over the 166th Income Tax Day celebrations at Delhi
The Finance Minister extended her best wishes to the Income Tax Department on the occasion of the 166th Income Tax Day. She also congratulated the Department for its commendable work in efficiently drafting the New Income Tax Bill, 2025 within the stipulated timeline.
24.827 kgs of Gold seized worth Rs. 25.57 crore at Surat International Airport; two persons arrested
Air Intelligence Unit (AIU), Surat International Airport, Ahmedabad Customs effected a major GOLD seizure of 24.827 Kgs valued Rs. 25.57 Crore at Surat International Airport. This is one of the biggest seizure of Gold in Gujarat made by Ahmedabad Customs Commissionerate.
Designer deals, deceptive declarations: DRI busts multi-crore luxury furniture import racket
In a significant enforcement action, the Directorate of Revenue Intelligence (DRI) has busted a sophisticated, well-orchestrated customs fraud in imports of premium luxury furniture.
DRI seizes over 4 kg of cocaine worth Rs. 40 crore from passenger at Kempegowda International Airport, Bengaluru; one arrested
DRI Bengaluru Zonal Unit intercepted an Indian male passenger, who arrived from Doha at Bengaluru International Airport in the early hours of 18.07.2025.
Income Tax Department cracks down on bogus claims of deductions & exemptions
Investigations uncover organised rackets operated by certain ITR preparers and intermediaries filing returns, claiming fictitious deductions and exemptions
DGGI Bengaluru Unit uncovers six shell companies with fraudulent invoices worth Rs. 266 crore involving Rs. 48 crore fraudulently claimed Input Tax Credit; mastermind arrested
The officers of Directorate General of GST Intelligence, Bengaluru Zonal Unit, carried out searches in over six premises in Delhi, and uncovered fraudulent invoices worth over Rs 266 crore, involving availment and passing on of fraudulent Input Tax Credit (ITC) of Rs 48 crore from the shell companies.
Tax benefits available under NPS shall apply mutatis mutandis to UPS
The Department of Financial Services, Ministry of Finance vide its Notification dated 24.01.2025 had notified introduction of the Unified Pension Scheme (UPS) as an option under NPS for the recruits to the Central Government civil service w.e.f. 01.04.2025 giving one-time option to the Central Government employees covered under the National Pension System (NPS) for inclusion under the UPS.
19th meeting of the Customs Consultative Group (CCG) was held on July 2-3, 2025
Customs Consultative Group (CCG) was held on 2nd & 3rd July, 2025
GST Day 2025, celebrating 8 years of GST, One Nation One Tax
Central Board of Indirect Taxes and Customs, Thiruvananthapuram Zone, Kochi issued PRESS RELEASE on 30.06.2025 on GST Day 2025, celebrating 8 years of GST, One Nation One Tax.