Browsing Tag

Custom clearances

Customs Duty Update – Foreign Ecommerce Purchases Will Now Attract 41.49% Duty, Books Included In…

Mohul Ghosh Apr 21, 2017 3

Central Board of Excise and Customs (CBEC) has made some sweeping changes in the customs duty framework, for imported items. If you are a shopper who uses foreign online shopping portals such as AliExpress, ThinkGeek and others, then be…

Gadget

[Updated] Now, No Custom Duties on Consumer Electronics, Including Mobiles of Up To Rs. 50,000

Anand Karwa Aug 19, 2016 5

Update: There seems to be a lot of confusion and questions in regards to whether or not custom duties are completely removed. From what we understand, the standard custom duties which are applicable to goods will still be applicable.…

Business

Custom Clearances Will Go Paperless From 2017; Processing Time Will Reduce from 12 Days to Few Hours

Mohul Ghosh Jul 18, 2016 0

In a big boost for importers in India, Central Board of Excise and Customs (CBEC) has decided to make all cargo and custom clearances to go paperless effective 2017. This will bring down the dwell time (time required to clear a cargo at…