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Another measure to facilitate traders, importers! Central Board of Indirect Taxes and Customs (CBIC) allows this
Sun, May 09, 2021
Central Board of Indirect Taxes and Customs (CBIC) has restored the facility for trade to provide an undertaking in lieu of bond for customs clearance of their goods.
Faceless assessment of Customs to roll out countrywide from Oct 31
Sun, Sep 06, 2020
The Central Board of Excise and Customs (CBIC) has decided to roll out the faceless assessment at an all India level in all ports of import and for all imported goods by October 31.
Delhi, Mumbai Customs to start faceless cargo assessment from Aug 3
Sun, Aug 02, 2020
Delhi and Mumbai Customs will begin faceless assessment of certain imported goods beginning Monday, the CBIC has said.
Turant Customs: Exporters alert! Secure QR coded Shipping Bill is here from CBIC - All about new customs clearance process
Tue, Jun 23, 2020
This eliminates in one stroke the requirement of the exporters having to approach the Customs officers for proof of export.
Direct tax collection records growth of nearly 11% in April-February; indirect tax collection up 22%
Fri, Mar 10, 2017
The Government of India's net refunds of direct tax collection from April to February 2016-17 has risen 10.7% to Rs 6.17 lakh crore as compared to same period last year.
Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough
Thu, Jan 26, 2017
Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.
Tax collection to exceed budget estimates this fiscal: Arun Jaitley
Wed, Jan 04, 2017
Finance Minister Arun Jaitley on Wednesday expressed confidence that direct and indirect tax mop-up will surpass Budget estimate of Rs 16.3 lakh crore by March-end.
Indirect tax collection rose by 25.9% in Sept: FinMin
Mon, Oct 10, 2016
Till September, 52.5% of the Budget Estimates (BE) of indirect taxes for the current financial year has been achieved, Ministry of Finance said.
Indirect tax collections up over 27%; at Rs 3.36 lakh crore till August
Mon, Sep 12, 2016
Indirect tax collections for the current fiscal up to August 31, 2016 has increased 27.5% to Rs 3.36 lakh crore. This is nearly half of the Budget Estimates (BE) of indirect taxes for Financial Year 2016-17 Ministry of Finance said.
India's tax collections for the current year shoot up smartly
Wed, Aug 10, 2016
Direct tax collections, or corporate and income tax rose by over 24%, at Rs 1.59 lakh crore upto July 2016. "Till July, 2016, 18.82%of the Budget Estimates of direct taxes for FY 2016-17 has been achieved," the statement said.
India's ranking in World Bank's logistics index improves by 19 places
Fri, Jul 01, 2016
India has gone past countries like New Zealand, Thailand, Saudi Arabia, Iceland, Latvia and Indonesia who were ahead of it in the index.