Tag: CUSTOMS
Bombay HC ruling may shield importers from charges on deteriorated goods
A recent judgment by the Bombay High Court (HC) quashing a Customs adjudication order after seized goods deteriorated during a prolonged dispute is expected to provide relief to importers, with experts saying the ruling could set a precedent for waiving demurrage and other charges when goods perish or lose value while in official custody.
Circular No. 10/2026- Customs dated 10.03.2026
CBIC issued Circular no. 10/2026-Customs dated 10.03.2026 regarding levy of fee for amendment or cancellation of export documents in cases of ..
Circular No. 9/2026- Customs dated 08.03.2026
CBIC issued Circular no. 9/2026-Customs dated 08.03.2026 regarding Return of export cargo from international waters due to closure of the Strait of Hormuz – Section 143AA of the Customs Act, 1962
Circular No. 8/2026- Customs dated 28.02.2026
Central Board of Indirect Taxes and Customs (CBIC) issued Circular no. 8/2026-Customs dated 28.02.2026 regarding Extension of Deferred Payment of Customs Duty benefits to ‘Eligible Manufacturer Importer (IEM)’
Notification No. 24/2026-Customs (N.T.) dated 27.02.2026
CBIC issued Notification No. 24/2026-Customs (N.T.) dated 27.02.2026 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.
Export benefits for agri sector restored after a day
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.
Trump Launches Fresh Tariff War Panic Among Traders, Solar-Linked Stocks Decline
The United States has imposed a preliminary duty of 126 percent on solar panels imported from India amid allegations of subsidies, triggering panic among traders. Following the tariff announcement, solar-related stocks witnessed a sharp decline.
CBIC to launch SWIFT 2.0, revamped Atithi app
The Central Board of Indirect Taxes and Customs (CBIC) will on Thursday launch single-window platform SWIFT 2.0, release the Digital Travellers Guide; and the revamped Atithi app.
Eligible manufacturer-importers to get duty deferment facility from March
The revenue department will roll out the 30-day duty deferral facility for eligible manufacturer-importers from next month, which will help such importers to better manage their liquidity, a senior official said on Thursday.