Tag: CBEC Advisory

Initiatives by Indian Customs for reduction in transaction cost CBEC in its latest advisory has listed out the followingh initiatives taken for reduction of transaction costs. Relaxation for cargo service Providers to take insurance cover for goods stored in customs area for 10 days instead of 30 days. Merchant …

CBEC Advisory to follow prescribed law-Instructions for collection of duty in view of Delhi High Court taking serious note of illegal practice of collecing undated cheques.  Recently, the Delhi High Court took a serious note of collection of undated cheques by Anti Evasion Wing of the Excise Department. The undated …