The Central Board of Indirect Taxes and Customs (CBIC) on June 1, 2020, allows the 24×7 clearance due to COVID-19 pandemic. The 24×7 clearance was brought in considering the surge or delay in the reach of customs during the COVID-19 pandemic. Since, the conditions are still worse considering the pandemic, the customs clearance date hasContinue reading “CBIC allows 24×7 clearance of customs under COVID-19 pandemic”
Tag Archives: CBIC UPDATES
CBIC has extended the validity of AEO certificates till 30.06.2020
The Central Board of Indirect Taxes and Customs vide Circular dated 02.06.2020 has extended the validity of the AEO certificates for the ease of renewal process. The Validity of AEO certificates like AEO-T1, AEO-T2, AEO-T3 & AEO-LO has been extended. All the AEO certificates expiring between 01.03.2020 and 31.05.2020 shall remain valid till 30.06.2020, exceptContinue reading “CBIC has extended the validity of AEO certificates till 30.06.2020”
CBIC notifies the enforcement of Section 128 of the Finance Act, 2020
The Central Board of Indirect Taxes and Customs (CBIC) on May 16, 2020, appoints May 18, 2020, as the date on which the provisions of section 128 of the Finance Act, 2020 will come into force, in order to bring amendment in Section 140 of Central Goods and Services Tax Act, which specifies transitional arrangements for input tax credit,Continue reading “CBIC notifies the enforcement of Section 128 of the Finance Act, 2020”
CBIC rescinds Circulars regarding deposit in and removal of goods from Customs Bonded warehouses in electronic sealing
The Central Board of Indirect Taxes and Customs (CBIC) on May 18, 2020, rescinds Circular No. 19/2018-Customs dates June 18, 2018 and Circular 10/2020-Customs dates February 07, 2020 regarding Radio Frequency Identification (RFID) sealing of goods to be deposited in or removed from Customs Bonded Warehouses. However, a comprehensive circular is under consideration and shall be soon placed inContinue reading “CBIC rescinds Circulars regarding deposit in and removal of goods from Customs Bonded warehouses in electronic sealing”
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