Customs

With hundreds of economic offence cases pending for 2 decades, SIT calls for special courts to punish lawbreakers within year

While there is a sharp increase of 226 percent in the number of complaints against economic offences, the prosecution of offenders is hit by delays and hundreds of cases have been pending for more than two decades

Don't overreach, overstate; act with a bit of restraint, says Finance Minister Nirmala Sitharaman to tax authorities

Meeting targets within deadlines was achievable even if they go about it with a bit of a "restraint", Nirmala Sitharaman said

Central Administrative Tribunal stays sacking of 2 customs, central excise officers; govt transfers CAT judicial member

A single-judge bench of the Central Administrative Tribunal (CAT) has stayed sacking of two of the 15 senior tax officials who were compulsorily retired over charges of corruption and inefficiency, an order that the government saw as not good in law and transferred the judicial member of the tribunal

Govt sacks 15 senior customs, central excise officers on charges of corruption, bribery

After sacking errant income tax officers, the government on Tuesday dismissed from service 15 senior customs and central excise officials, including one of the ranks of principal commissioner, on charges of corruption and bribery

Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny

Since the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.

Direct tax collection exceeds target in FY19, pegged at Rs 13.80 lakh cr in FY20; mop-up from customs crosses target

As per the 2019-20 Budget estimates, out of the Rs 13.80 lakh crore direct taxes, the government aims to raise Rs 7.60 lakh crore from corporate tax and Rs 6.20 lakh crore from PIT.

Commerce ministry to soon seek Cabinet nod for national logistics policy for seamless movement of goods across country

The proposed policy will also focus on increasing the warehousing capacity, and identify gaps that could be bridged to bring down the cost of logistics for traders.

Brexit negotiations: UK says it may seek 'temporary' customs union with EU

Britain might seek to remain in a customs union with the European Union for a time to avoid border chaos after leaving the bloc, the government's Brexit department said on Tuesday

Govt looks to boost domestic cruise industry, plans regulatory reforms on security on customs

The Ministry of Shipping, in conjunction with the Ministry of Tourism, has announced reforms simplifying the rules and procedures pertaining to various aspects of cruise port operations like security, immigration and custom

India, Bangladesh to construct bridge over river in Mizoram to improve trade

India and Bangladesh have decided to construct a bridge over Mizoram's Khawthlangtuipui river to facilitate trade and improve communication between the two.