'The biggest task before the CBIC now is that the vision embodied in policies is actually realised and genuinely felt by the industry at the grassroots,' says Arvind Shrivastava
High-value shipments can now move via courier mode; returns and reverse logistics rules eased. Direct-to-consumer brands, apparel, lifestyle products, electronics, engineering goods and jewellery likely gainers
Major domestic IT services players, including Infosys, Tata Consultancy Services, and HCLTech are expected to participate in the bidding process
The proposed integration is aimed at easing business processes and improving India’s global trade ranking.
CII calls for a trust-based, technology-enabled tax system; proposes simplified TDS regime, statutory taxpayers’ charter, and paper-free customs roadmap in pre-Budget 2026-27 proposals
The top court said denying the mother her share in her father’s property, when the custom was silent, would violate her right to equality vis-à-vis her brothers or those of her legal heirs vis-à-vis their cousin.
The industry body representing non-ferrous metal traders plans to file a writ petition against penalty notices issued by the customs department, saying they militate against ASEAN FTA provisions.
Copper importers have received retrospective show-cause notices from the customs department, prompting industry to send a representation to the Finance Ministry seeking relief for the traders.
India’s Customs Authority for Advance Rulings (CAAR) has improved timelines since 2021. However, procedural delays persist. A shift to CAAR 2.0, with internal technical units and digital reforms, can achieve rulings within 30 days, enhancing global trade efficiency
As part of an internal study by the Finance Ministry and NITI Aayog, the government is analysing tariff lines between India and the US to identify areas where the former can lower duties irrespective of domestic capacities. However, this is not related to the April 2 deadline for Trump’s reciprocal plan.
While most customs processes have already transitioned to digital platforms, the refund process remains manual.
If the government strikes the right balance between domestic industry needs and international trade obligations, Budget 2025 could lay the foundation for a more efficient, self-reliant, and globally competitive India.
Agarwal pointed out that logistics costs in developed nations are typically 8-9 percent of the GDP to stress on India’s need to narrow the gap further
The clearance time for AEO-certified businesses is approximately 40 percent lower compared to non-certified entities
The global cross-border e-commerce exports are projected to grow from USD 1 trillion in 2023 to USD 8 trillion by 2030 on account of the ability of online firms to deliver overseas products to consumers within 1-2 days, matching the speed and convenience of local supplies.
The ministry has set a target of increasing GST collections by 11 percent in FY25, against a GDP growth of 10.5 percent.
Under customs, inverted duty structure is seen for several items including leather and textiles and engineering goods.
'Upon inspection, customs officers discovered that the pockets of the trousers the passenger was wearing were packed with six canvas drawstring bags and sealed with tape,' the China customs department stated.
From deforestation and carbon emissions to biodiversity loss, the impact of illicit substances on ecosystems is significant.
India will allow imports of laptops and tablets without licences where the shipment has been ordered before Aug 3 and the customs has been ordered to clear such consignments.
The accused was intercepted after her arrival from Addis Ababa, Ethiopia on June 25.