Tag: Customs duty
ED raids industrialist Vikas Garg, others in Rs 190-crore customs duty fraud case
The Enforcement Directorate (ED) on Wednesday conducted searches at multiple premises linked to Delhi-based businessman Vikas Garg, chairman of Ebix Inc, in connection with a money laundering case tied to a Rs 190 crore customs duty fraud.
Instruction No.28/2025-Customs dated 27.08.2025
CBIC issued Instruction no. 28/2025-Customs dated 27.08.2025 regarding Instruction with respect to duties on gifts and personal imports through Courier and Postal mode
India halts postal services to US on unclear Customs duty rules
India has temporarily suspended postal services to the US with air carriers refusing to accept shipments due to lack of clarity on the new norms issued by the American Customs Department, the Ministry of Communications said on Saturday.
Government Exempts Customs Duty on Cotton Imports Until 30th September 2025
The Government of India has exempted all customs duties on the import of raw cotton with effect from 19th August 2025 until 30th September 2025.
GAIL Faces Financial Penalties Over Customs Duty Dispute
GAIL (India) Limited has disclosed that the Joint Commissioner of Customs in Mumbai has issued an order demanding a differential custom duty, along with interest, fines, and penalties, due to the denial of a concessional rate of duty on an imported consignment.
Refund is warranted when perishable goods perished due to departmental obstruction, and compensation of Rs. 50 Lakhs to be paid by erring officer
The Hon’ble Punjab and Haryana High Court in M/s Prenda Creations Private held that the respondents wrongfully and illegally withheld perishable food items, namely Kiwi fruit, despite repeated directions for release, causing the goods to deteriorate and become unfit for consumption, and directed refund of customs duty along with interest and awarded compensation to be recovered from the erring officers.
Govt forms panel to review export barriers amid global trade woes: Focus on customs duties, GST, incentives
The government has set up a committee to examine the impact of customs duties, export incentives and refunds, goods and services tax and export clearance procedures on India’s outbound shipments amid a challenging global environment.
Customs officer takes Rs 15K bribe to allow gold coin at city airport, complaint filed
A passenger arriving from Kuwait has accused a customs officer at Ahmedabad airport of accepting a bribe in exchange for allowing him to carry gold through clearance. The allegation, made via an email to senior officials, has prompted a full-fledged internal investigation.
Notification No. 31/2025-Customs dated 30.05.2025
CBIC issued Notification No. 31/2025-Customs dated 30.05.2025. It Seeks to extend the specified condition of exemption to imports of Yellow Peas & to reduce the basic custom duty on crude soya bean oil, crude sunflower oil, and crude palm oil from 20% to 10%