CBIC allows voluntary post-clearance revision of Bill of Entry/Shipping Bills via new regulations (Sec 18A). Importers and exporters can correct errors; Rs.1,000 fee ...

China has approved rare-earth magnet imports to Indian companies, which may support India's domestic electrification plans ...

Duty on capital goods removed from MOOWR units should be calculated by allowing depreciation, or duties should be waived or reduced for fully depreciated goods.

The new mechanism aims to ensure fairness, improve transparency, and provide equal opportunities for all eligible jewellers, preventing the concentration of quota benefits among a few dominant players ...

Steel tycoon Lakshmi Mittal’s energy joint venture in India has said it has stopped buying Russian crude oil, shortly after ...

CESTAT upholds the denial of EPCG benefit for used machinery but reduces the redemption fine and sets aside the Section 114A penalty due to bona fide ...

CII has also proposed a phased road-map toward Paper-Free Customs by 2028 encompassing e-refunds, e-adjudication and ...

The Confederation of Indian Industry (CII) on Friday suggested a comprehensive set of tax reform proposals for the forthcoming Union Budget 2026-27, calling for a decisive move towards a compliance ...

The Confederation of Indian Industry (CII) urged the Union Budget 2026-27 to implement tax reforms promoting trust, simplicity, and technology. Key proposals include fast-tracking high-value dispute ...

HMEL, the equal joint venture of Mital group and Hindustan Petroleum Corporation Ltd (HPCL), the first Indian company to ...

Industry body CII on Friday suggested a set of reforms, including fast-tracking all high-demand tax cases above ₹ 100 crore ...

The company said it was not aware of the specific vessels that transported the cargo from Murmansk in Russia's far northwest, ...