Customs Act 1962 Current Affairs, GK & News

Ordinance passed for 100% Tax Exemption on donations to PM Cares Fund

April 1, 2020

On March 31, 2020, the Government of India passed an ordinance to allow 100% exemption on donations made on PM Cares Funds. The ordinance has also extended the time limit of direct and indirect tax filings to June 30, 2020. Key Features on Direct Taxes The last date for filing Income Tax returns has been ..

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February 24: Central Excise Day

February 24, 2020

Every year, on February 24, the Central Excise Day is being celebrated by Central Board of Excise and Customs all over India. The day is being celebrated to honour the service of Central Board of Excise and Custom (CBEC) to the country. Highlights The day is also celebrated to honour the officers associated with CBEC ..

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Indian Coast Guard can now legally search & seize vessels in EEZ

December 6, 2019

Union Ministry of Defence has authorized every member of Coast Guard under Coast Guard Act 1978, to visit, board, search and seize any suspicious vessel and arrest people for offences within Exclusive Economic Zone (EEZ) and continental shelf of country. The permission also includes seizing of any artificial island/ any floating or moored object/ any ..

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CBIC launches programme to strengthen Make in India

October 16, 2019

Central Board of Indirect Taxes and Customs (CBIC), India’s nodal national agency responsible for administering Central Excise, Service Tax, Customs, GST, & Narcotics has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India through manufacture and other operations. The programme is launched under bond scheme of Customs Act, ..

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