CBIC, CBDT sign MoU

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

CBIC favours extending fiscal incentives based on job creation, investments

The Central Board of Indirect Taxes and Customs (CBIC) has favoured extending incentives based on parameters like job creation and committed investments across the country, sources said. Continue Reading