Page 7 - Customs
Customs department seeks to allay free-trade agreements misuse concerns
A new provision was introduced in February in the Customs Act for strict verification of rules of origin of imports under FTAs
 "Customs department seeks to allay free-trade agreements misuse concerns")
Provisional assessment allowed when Customs doubt origin of goods: Expert
Compulsory verification of assessment will be discontinued once the importer demonstrates that he has established adequate system of controls to exercise reasonable care
 "Provisional assessment allowed when Customs doubt origin of goods: Expert")
Faceless income tax assessment starts today: Here is all you need to know
Faceless assessment enables an assessing officer, who is physically located in a particular jurisdiction, to assess a Bill of Entry pertaining to imports made at a different Customs station
 "Faceless income tax assessment starts today: Here is all you need to know")
Customs seized goods worth Rs 110 cr in northeast during Covid-19
The customs sleuths have seized various goods worth Rs 110 crore in 710 operations in North East since the COVID-19 pandemic hit the country and the region, a senior official said on Wednesday.
 "Customs seized goods worth Rs 110 cr in northeast during Covid-19")
Customs to raise vigil on electronic items from FTA countries from 21 Sept
Finance ministry sources said misuse of the FTA route has been on the rise for the last few years to escape customs duty on imports
Customs to roll out pan-India faceless assessment for all imports by Oct 31
The CBIC has constituted 11 National Assessment Centres (NACs), consisting of the Principal Commissioners/ Commissioners of Customs.
 "Customs to roll out pan-India faceless assessment for all imports by Oct 31")
Customs to roll our faceless assessment for imported goods from Oct 31
The Faceless Assessment is being rolled out under the umbrella of the next generational Turant Customs programme.
Onerous obligations on importers under new Customs rules
It is meant to strengthen the provisions for checking misuse of exemptions for imports under various trade agreements
Customs department asked to dispose of hazardous goods after Beirut blasts
Revenue department sends letter after report last week 740 tonnes of ammonium nitrate was lying in storage near Chennai.
 "Customs department asked to dispose of hazardous goods after Beirut blasts")
Authorities start clearing 740 tonnes of ammonium nitrate near Chennai
The chemical was lying at a container freight station (CFS) outside the port. The import containers had been confiscated by The Special Intelligence and Investigation Branch (SIB) Customs
 "Authorities start clearing 740 tonnes of ammonium nitrate near Chennai")
No ammmonium nitrate in custody of Customs at Andhra ports: Official
There is no ammonium nitrate in the possession of Customs at Visakhapatnam- Gangavaram, Kakinada and Krishnapatnam ports of Andhra Pradesh
CBIC directs Customs to check safety of explosives in warehouses, ports
The Central Board of Indirect Taxes and Customs (CBIC) said this precautionary step has been taken in view of the recent incident of an explosion in a foreign country caused by such material
 "CBIC directs Customs to check safety of explosives in warehouses, ports")
Those who kept goods moving during Covid deserve praise
Improved money supply helped revive the global demand. However, the demand in the domestic economy did not pick up enough
UK to create 'freeports,' bring massive tax cuts a year into Brexit: Report
The successful bidders designated as freeports will ultimately be legally outside UK customs territory, with goods imported, manufactured or re-exported without incurring national tariffs
 "UK to create 'freeports,' bring massive tax cuts a year into Brexit: Report")
Customs probes 18 commercial fraud cases involving goods worth Rs 170 cr
They said the consignments are under investigation for alleged over-valuation and mis-declaration of goods
 "Customs probes 18 commercial fraud cases involving goods worth Rs 170 cr")
Customs told to clear all Chinese shipments with entry bills till June 30
"The rationale for the June 30 midnight deadline is not very clear," said a government official.
 "Customs told to clear all Chinese shipments with entry bills till June 30")
Auto companies say disruptions in Chinese imports will hurt their recovery
Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).
 "Auto companies say disruptions in Chinese imports will hurt their recovery")
Plea for distributing customs seized PPE kits to health workers rejected
The bench said the owners might come to court seeking release of their goods, so the same cannot be utilised for any other purpose
 "Plea for distributing customs seized PPE kits to health workers rejected")
Chinese shipments await Customs clearance amid border standoff with India
Getting shipments from China may only get tougher going forward, industry fears.
 "Chinese shipments await Customs clearance amid border standoff with India")
Customs dept to launch faceless assessment of consignments from Monday
Faceless Assessment shall be the norm pan India by December 31, 2020, CBIC further said.
 "Customs dept to launch faceless assessment of consignments from Monday")