Browsing Tag
Customs Act
Insolvency and Bankruptcy Code To Take Precedence Over Customs Act: SC
The Supreme Court on Friday held that the Insolvency and Bankruptcy Code (IBC) will take precedence over the Customs Act. It added that customs authorities cannot start recovery proceedings, they can only assess the quantum of duties.
The…
Centre raises thresholds for prosecutions, arrests under Customs Act
However, thresholds will not apply for offences relating to fake currency notes, arms, ammunitions and explosives, antiques, art treasures, wildlife items and endangered species of flora and fauna
However, thresholds will not apply for…
Explained | Why will airlines have to share PNR data?
What are the pros and cons of Customs wanting more information on international travellers? How will the process work?
What are the pros and cons of Customs wanting more information on international travellers? How will the process…
Customs Act clause to criminalise ‘illicit’ publication of data
The government has said a provision proposed in the Customs Act making publication of details of export data a punishable act was aimed at hackers and criminals, and not towards legally published information.
The Central Board of Indirect…
Xiaomi India evaded customs duty worth ₹653 crore: DRI
Based upon intelligence that Xiaomi Technology India Private Limited (Xiaomi India) was evading customs duty by way of undervaluation, an investigation was initiated by the Directorate of Revenue Intelligence (DRI) against…