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Central Board of Excise and Customs News

Customs duty on wheat

24 May 2018

Govt hikes customs duty on wheat to 30% to curb cheaper imports

The import duty on walnut shell has also been increased from 30 percent to 100 percent, according to a late night notification issued by the Central Board of Excise and Customs (CBEC).

13 Aug 2017

18% GST on food takeaway from non-AC area at AC restaurant

A uniform GST rate of 18 percent will be charged on takeaways as well as food served from a non-AC area of a hotel or restaurant if any of its part has a facility of air conditioning, the government has said.

Central Board of Excise and Customs

27 Jun 2017

'War room' set up to deal with GST crises

A team of tech-savvy young officers will be manning the "war room" to assist officials in resolving their GST-related queries, sources said.

Central Board of Excise and Customs

25 Jun 2017

GST switchover: Renaming CBEC as CBIC may take a while

Finance Minister Arun Jaitley in late March had approved the re-organisation of field formations of the CBEC for implementation of GST, as per which the body is being renamed as the Central Board of Indirect Taxes and Customs (CBIC).

29 May 2017

Revision of rates left to GST Council's discretion: CBEC Chief

The decision on revising the tax rates fixed on various goods and services has been left to the discretion of the GST Council, Central Board of Excise and Customs Chairperson Vanaja Sarna said on Monday.

28 May 2017

Revenue dept sets up twitter handle to answer GST queries

With just over a month left for GST implementation, the revenue department on Sunday started a new twitter handle to answer industry queries related to the new indirect tax regime.

Revenue Department

03 Mar 2017

CBEC asks tax officers to speed up GST migration

The Revenue Department has expressed "serious concern" over delay in migration of excise and service tax assessees to the new GST regime and asked field officers to complete the process by March 31.

Finance Ministry

06 Feb 2017

Finance Ministry warns employees of action for critising govt policies

The Finance Ministry has warned employees of disciplinary action if they criticise the government or its policies.

03 Nov 2016

ONGC, Cairn India face Rs 730 crore service tax on royalty payments

In a setback to energy firms like ONGC and Cairn India, the government will from this fiscal levy service tax of about Rs 730 crore on royalties they pay to the exchequer on oil and gas they produce.

28 Sep 2016

CCEA clears Rs 2,256 crore project for CBEC's GST integration

CCEA Wednesday cleared a Rs 2,256 crore IT project Saksham of the Central Board of Excise and Customs, which will help integrate CBEC's system with the GST network before the rollout in April next year.

26 Sep 2016

GST Council to finalise registration, other rules on September 30

Moving on fast track to meet the April 2017 GST rollout deadline, the tax department on Monday came out with draft rules relating to registration, invoice and payment which will be finalised by the GST Council on Friday.

17 Jul 2016

Customs clearances to get paperless from 2017

Imports will become easier from the next year as the CBEC is planning to go paperless and move towards a completely integrated Customs system for facilitating documentation and fast-tracking clearances of consignments.

Duty free shoping

12 Jul 2016

Purchase limit on goods at duty free shops at airports hiked to Rs 25,000

A new excise and customs board order increased the purchase limit on goods from duty free shops at international airports from Rs 5,000 to Rs 25,000.

Duty free shops

11 Jul 2016

Flyers can now buy duty-free goods worth Rs 25,000

Flyers coming in from abroad can buy goods upto Rs 25,000 from duty-free shops in international airports across the country, a five-time jump from the current limit.

05 Jul 2016

Relief for taxpayers: No recovery during pendency of stay

In a relief to tax payers, the government has asked taxmen not to proceed with recovery of a 'confirmed' demand in relation to indirect taxes during pendency of stay applications.

Prime Minister Narendra Modi

12 Jun 2016

PM Modi to hold interactive session with taxmen at Revenue 'Gyan Sangam'

Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government -- CBDT and CBEC -- during a first-of-its-kind 'Rajasva Gyan Sangam' to be held here on June 16.

India chemical imports

05 Jun 2016

Anti-dumping duty imposed on import of chemical from US, China

Anti-dumping duty of USD 0.277- 0.404 per kilogram has been imposed on a compound, used in the pharmaceutical industry, imported from the US and China to protect domestic makers from cheap shipments.

Central Board of Excise and Customs

09 May 2016

Government notifies roll back of import duties on mobile components

The Central Board of Excise and Customs (CBEC) has issued notifications partly rolling back import duties of 29.441 per cent imposed on key mobile phone components such as chargers and batteries.

Central Board of Excise and Customs

10 Apr 2016

15% duty on certain goods on India return after 1-year foreign stay

Indians returning home after a year-long foreign stay will have to pay 15 percent duty on bringing colour television, home theatre system and bullion other than ornaments into the country

indirect tax collection

02 Apr 2016

Indirect tax mop-up beats revised estimate target of Rs 7.04 lakh

Total indirect tax collection has surpassed the revised estimate target of Rs 7.04 lakh crore for 2015-16, a senior finance ministry official said on Saturday

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