The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) on Tuesday signed a Memorandum of Understanding (MoU), for data exchange between the two organisations. Continue Reading

Government unveils two new IT initiatives

The government unveiled two new IT initiatives, ICEDASH and ATITHI, for improved monitoring and pace of customs clearance of imported goods. These initiatives will also facilitate arriving international passengers with e-filing of baggage and currency declarations. Continue Reading

Commerce Ministry working on new payment methods

The commerce ministry is working on a proposal to allow domestic companies to make payments in the rupee currency for services obtained from special economic zone units, sources said. Continue Reading

Revenue department sends notice to customs for stricter e-cigarettes ban

The revenue department has asked customs officials to ensure strict implementation of prohibition on import of e-cigarettes after the country banned production, import and sale of these electronic devices and similar products citing health risk to people, especially youth. Continue Reading