- SC : Copy of SC judgment affirming CESTAT ruling on 'export' of services by MNC giants
- SC upholds Rs 50 lakhs recovery from Customs Officers for red-tapism/lackadaisical approach
- SC : Copy of SC judgment overturning HC-ruling on taxing motor vehicles used in restricted/private spaces
- ‘Redemption fine’ constitutes as duty-interest-penalty under SVLDRS; Delhi HC directs refund with interest
- Upholds law denying foreign subsidiaries from availing SFIS-benefits; Dismisses Cummins Tech. SLP
CBIC from September 01, decides to implement automation under Customs through the IGCR (Import of Goods at Concessional Rate of Duty or for Specified End Use Rules); Thus, requires all Export Oriented Units (EOUs) to obtain IGCR Identification Number (IIN) on ICEGATE portal and register their IGCR bond for filing a bill of entry with IGCR benefit; The aims at Customs automation by allowin clearances to EOUs under IGCR; Once this module is activated, the same process would be used for clearances from SEZ to EOUs, as well: CBIC Circular
CBIC Circular No. 11/2024- Customs dated August 25, 2024.
To download click here