Tag: cbic

CBIC Eased Compliance Formalities by Extending Eligibility of AEO to Facilitate Better Export Output
Exports, InFocus

CBIC Eased Compliance Formalities by Extending Eligibility of AEO to Facilitate Better Export Output

SMEStreet Edit Desk- May 30, 2021

CBIC has extended the validity of all AEO certificates expired or expiring between April 1 and May 31, 2021 to June 30. Read More

Trade Formalities Enhanced Under the Customs Rules 2017
LimeLight

Trade Formalities Enhanced Under the Customs Rules 2017

SMEStreet Edit Desk- May 19, 2021

Accordingly, the Central Board of Customs and Indirect Taxes (CBIC) had immediately enhanced the scope of these rules on 2nd February 2021. Read More

CBIC Steps Up To Boost Manufacturing Sector MSMEs
Global, LimeLight

CBIC Steps Up To Boost Manufacturing Sector MSMEs

SMEStreet Edit Desk- May 19, 2021

CBIC has also permitted import of capital goods at a concessional customs duty even if such goods are cleared in the domestic market on payment ... Read More

CBIC Urged For Proper Due Diligence Before Issuing SCNs
Finance, InFocus

CBIC Urged For Proper Due Diligence Before Issuing SCNs

SMEStreet Edit Desk- May 9, 2021

The matter pertains to financial year 2015-16 by when service tax regime was prevalent before the introduction of GST in 2017. The tax department can ... Read More

Dedicated Helpdesk by CBIC for Handholding Trade and Industry
LimeLight

Dedicated Helpdesk by CBIC for Handholding Trade and Industry

SMEStreet Edit Desk- April 26, 2021

Shri Gaurav Masaldan, Joint Secretary, Customs will be the nodal officer in the CBIC for appropriate resolution of grievances and expeditious clearances of goods, relating ... Read More

Liberalised Authorised Economic Package for MSMEs Approved by CBIC
LimeLight

Liberalised Authorised Economic Package for MSMEs Approved by CBIC

SMEStreet Edit Desk- January 8, 2021

Under the package, MSMEs, which become Authorised Economic Operators (AEOs), will avail various benefits including relaxed compliance criteria on the condition that units have a ... Read More

CBIC Granted 30-Day Grace Period for Those Businesses Which are Not Ready for GST e-Invoicing
GST, Banking & Finance

CBIC Granted 30-Day Grace Period for Those Businesses Which are Not Ready for GST e-Invoicing

SMEStreet Edit Desk- October 1, 2020

The Central Board of Indirect Taxes and Customs (CBIC) has announced a 30 day grace period for those businesses which are not yet ready for ... Read More