CBIC vide Circular Number 26/2020 dated 29th May, 2020 has clarified following broadly The Board has decided to further extend the facility of accepting undertaking in lieu of bond till 15th June, 2020 The Date of Submission of Bond In lieu of which the undertaking…
Late filing of Bills of Entry (BOE) attracts late fees. Therefore, keeping in view the exigency due to outbreak of Corona Virus. Late Fees will not be charged for those Bills of Entry filed for clearance of import consignments which have arrived at ICD, TKD…
Case Study: Procedure to be followed for Activity of sending / taking the goods out of India for exhibition or on consignment basis (hereinafter referred to as said activity) for export promotion. Such goods sent / taken out of India crystallise into exports, wholly…
CBIC has issued Circular No.22/2020-Customs on Circular No.22/2020-Customs w.r.t. IGST refunds on exports-extension in SB005 alternate mechanism SB005 is an error due to Inconsistent Invoice Number between GST Returns and Shipping Bill. Kind reference is invited to Board`s Circulars 08/2018- Cus dt 23.03.2018, 15/2018- Cus…
CBIC has issued Circular No. 19/2020- Customs dated April 13, 2020 for electronic communication of PDF based Gatepass and Out of Charge (OOC) Copy of Bill of Entry to Custom Brokers/Importers. I. Final Out of Charge (eOoC) Copy of Bill of Entry: As of…