Courts held that enforcement must respect statutory boundaries, curbing aggressive classification and extended limitation without evidence of ...

Madras High Court held that seizure of Indian Currency under section 110 of the Customs Act, 1962 without issuance of show cause notice within stipulated time period as prescribed u/s. 110(2) is ...

The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has dismissed appeals thereby upholding the Customs Department's decision rejecting the ...

Today, on December 13, the Government of India and the Central Board of Indirect Taxes and Customs (CBIC) are celebrating 60-years of The Customs Act. It was enacted on 13-December, 1962 and came into ...

ISLAMABAD: In a major move, the government may abolish the concessional customs duty regime in the coming budget to generate over Rs100 billion in revenue, as it faces a gigantic task of imposing over ...

The bench also addressed concerns that taxpayers were being forced to make voluntary payments under threat of arrest. The Supreme Court last week upheld the rights of authorised officers to make ...

The Kerala High Court held that statements recorded under S. 108 of the Customs Act cannot form the basis for imposing penalties unless the mandatory procedural safeguards under Section 138B ...

The new Customs Act-2023 recognizes daily exchange rates of foreign currencies, or floating rates, ensuring transparency in customs assessments and transactions. A floating exchange rate is a regime ...

Customs brokers and freight forwarders are appealing to be relieved of some of the liabilities imposed on them under the proposed new Customs Act, and to instead have those responsibilities focused on ...