While the original and appellate customs authorities accepted the Revenue's view, the Customs, Excise and Service Tax ...

Courts held that enforcement must respect statutory boundaries, curbing aggressive classification and extended limitation without evidence of ...

The Gujarat High Court upheld ruling of Customs Authority for Advance Rulings granting exemption from payment of Basic ...

The bench also addressed concerns that taxpayers were being forced to make voluntary payments under threat of arrest. The Supreme Court last week upheld the rights of authorised officers to make ...

Today, on December 13, the Government of India and the Central Board of Indirect Taxes and Customs (CBIC) are celebrating 60-years of The Customs Act. It was enacted on 13-December, 1962 and came into ...

ISLAMABAD: In a major move, the government may abolish the concessional customs duty regime in the coming budget to generate over Rs100 billion in revenue, as it faces a gigantic task of imposing over ...

The new Customs Act-2023 recognizes daily exchange rates of foreign currencies, or floating rates, ensuring transparency in customs assessments and transactions. A floating exchange rate is a regime ...

Customs brokers and freight forwarders are appealing to be relieved of some of the liabilities imposed on them under the proposed new Customs Act, and to instead have those responsibilities focused on ...

The CBIC has issued revised guidelines for prosecution, arrest and bail for offences under the Customs Act and hiked the monetary threshold for penalising such violations. The guidelines of the ...