Page 2 - Debit Note News Today

The Allahabad High Court has quashed demand of Rs. 235.52 Crores raised against Vivo Mobile India Private Limited by GST Authorities vide order under Section 74(9) of the Goods and Service Tax Act...

The increment recorded was as a result of the floating of naira that allowed market forces determine the exchange rate of its currency. When the CBN dictated

KUALA LUMPUR: A director of a rubber manufacturing company pleaded not guilty at the Sessions Court to four counts of submitting false documents to Grant Thornton Malaysia PLT over a non-existent sale of used machines totalling nearly RM3mil two years ago.

On this occasion, additional commissioner of SGST Tanavi Hudda, GST expert Sunil P Jain, CA SN Goyal and writer of the book Saraf were present.

As the Nigerian Customs Service (NCS) resumes implementation of the controversial vehicle identification number (VIN) valuation on imported vehicles, clearing agents under the aegis of the Association of Nigerian Licensed Customs Agents...

There are concerns about the proposed Nigeria Customs Service (NCS) Reform Bill as stakeholders said it negates best practices on administration, control and management of trade/customs.

T he Comptroller General of Customs (CGC) Strike Force Team, Zone A unit in Lagos has intercepted smuggled items and falsely declared items that are worth N1.42 billion in the last four weeks. Speaking on Wednesday while unveiling the seizures, the coordinator of the strike force, Deputy Comptroller Ahmadu Bello Shuaibu, said his unit seized 564 bales of textiles materials falsely declared as machinery and raised Debit Note (DN) on falsely declared cargoes worth N490 million.

Share The Comptroller General of Customs’ (CGC’s) Strike Force Team unit on Wednesday said it has intercepted 564 bales of textiles materials falsely declared as machinery, foreign parboiled rice, footwears and foreign bags worth N895million. Speaking on Wednesday while unveiling the seizure, the co-ordinator, CGC’s Strike Force, Zone A, Deputy Compt. Ahmadu Bello Shuaibu said it also raised Debit Note on falsely declared cargoes worth N490million. According to the coordinator, the unit g...