Conditions and Safeguards for furnishing a of Letter of Undertaking in place of a bond for export without payment of integrated tax

CBEC through Notificatio No. 16/2017 specifies the conditions and safeguards for the registered person who intends to supply goods or services for export without payment of integrated tax, for furnishing a Letter of Undertaking in place of a Bond.   For Notification Please Refer: http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-16-central-tax-english.pdf

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CBEC amends list of Land Customs Stations on Bhutan border

The Central Board of Excise and Customs vide Notification No. 02/2017- Customs (N.T.) dated January 6, 2017 has removed ‘Loksan’ as Land Customs Station. It has specified ‘Kamardwisa (Rangapani)’ in Baksa District of Assam in India and ‘Birpara’ in the Alipurduar District of West Bengal as Land Customs Stations. Further, road connecting Bokajuli in Assam to Motanga Industrial Estate […]

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CBEC notifies importers who can pay deferred payment of import duty

Notification No. 135/2016-Customs (N.T.), New Delhi, Dated the 2nd November, 2016 CBEC defines the eligible importer in reference to deferred payment of Import Duty Rules, 2016, Notification No. 134/2016-Customs (N.T.), New Delhi, Dated the 2nd November, 2016. In exercise of the powers conferred by proviso to sub-section (1) of section 47 of the Customs Act, […]

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Deferred Payment of Import Duty Rules, 2016

Notification No. 134/2016-Customs (N.T.), New Delhi, Dated the 2nd November, 2016 In exercise of the powers conferred by the proviso to sub-section (1) of sections 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules, namely :- 1. Short title and commencement: (1) These rules […]

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Department of Commerce-Launch of dedicated website for DGAD

Press Release: 07-October-2016 Ms. Rita Teaotia, Commerce Secretary, launched a more informative, user-friendly, dedicated website http://www.dgtr.gov.in/ for DGAD for disseminating information/activities being performed by DGAD. She also inaugurated the additional office space developed by NBCC to meet the requirements of increased work responsibilities and to ensure optimal functioning of the Directorate. The Commerce Secretary appreciated […]

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REFUND OF TED UNDER DEEMED EXPORTS WHERE DUTY HAS BEEN PAID FROM CENVAT CREDIT

As per DGFT Trade Notice No. 17/2016 dated September 22, 2016 DGFT clarified that the refund of Terminal Excise Duty (TED) as per FTP, subject to all other conditions, shall continue to be available where the ab initio exemption was not provided and duty had been paid using CENVAT credit. However Department of revenue has […]

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