Latest Breaking News On - Indirect taxes - Page 1 : comparemela.com
The new rates will be effective June 15, 2024, Central Board of Indirect Taxes and Customs ( CBIC) said in a late night notification Friday.
IndiaCentral-boardIndirect-taxesCBIC clarifies on display assembly of mobile phones for levy of 10 pc import duty
dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
Pankaj-mohindrooCentral-boardIndirect-taxesRevenue-intelligenceWhite goods, chemicals, pharmaceuticals, and FMCG companies face import delays or higher duties as customs authorities scrutinize third-party invoicing at various ports. This practice, used for tax optimization, allows invoicing through a country different from the goods origin and is permitted under FTAs. However, customs officials suspect abuse of FTA provisions, withholding consignments and denying lower duty benefits at ports like Nhava Sheva. Authorities demand differential duty payments and invoke rules addressing potential duty evasion through third-party invoicing, leading to potential supply disruptions.
IndiaMumbaiMaharashtraNhava-shevaCentral-boardIndirect-taxesTrade-agreements