Topic: CBIC
Advance and EPCG Authorisation Scheme
The finance ministry has introduced an amnesty scheme aimed at offering relief to traders who have defaulted on their export obligations. This scheme provides an opportunity for traders...
Central Excise Day 2023
Central Excise Day is an annual event celebrated in India on February 24th to honor the works of Central Board of Indirect Taxes and Customs (CBIC) and mark...
Digital Forensic Laboratories
Digital Forensic science identifies, processes, acquires and reports electronic evidence. This includes data capturing, emails, smartphone analytics, hard disk retrieval, and other computer analysis tools. With the GST...
CBIC -Customs Automated System
The Central Board of Indirect Taxes and Customs (CBIC) has announced that it will come out with a list of “identified goods” that will be subject to stricter...
CBIC launches Compliance Information Portal (CIP)
Central Board for Indirect Taxes & Customs (CBIC) have launched the Indian Customs Compliance Information Portal (CIP) at www.cip.icegate.gov.in/CIP. Key Points Portal will provide free access to information... HSN Code: New rules
The Ministry of Finance recently announced that the businesses with annual turn over of more than Rs 5 crores will have to furnish six-digit HSN code on their...
What is 1% Cash Payment Norm in GST?
The Department of Revenue recently announced that the GST tax payers should compulsorily pay at least 1% of their tax in cash. This is to come into effect...
What is HSN Code?
The Central Board of Indirect Taxes and Customs (CBIC) has made it mandatory to mention the 8 digit HSN code in tax invoices for 49 chemical-based products while...
Safety of explosives at warehouses in India being checked
The Central Board of Indirect Taxes and Customs has directed the field offices to verify within 48 hours that all explosive materials lying in Customs warehouses and ports...
CBDT and CBIC Sign MoU for Exchange of Data
A memorandum of understanding has been signed between the Central Board of Direct Taxes and the Central Board of Indirect Taxes and Customs in order to ensure the...
Second National GST Conference of Central and State Tax Commissioners held
On January 7, 2020, the second National GST Conference and Central and State Commissioners was held to streamline the Goods and Services Tax. The Revenue Secretary of Ministry...
