Importer Exporter Code News Today

While challenges persist, the compliance levels of Indian MSMEs in terms of export have been gradually improving, say experts.

The Reserve Bank of India (RBI) on Thursday issued a notification to all the banks, stating that the government has allowed the extension of the Interest Equalisation Scheme for Pre and Post Shipment Rupee Export Credit (Scheme) up to June 30, ...

According to DRI, the perpetrators not only manipulated cargo descriptions but also provided false information about the non-existent importer's premises in the Importer Exporter Code (IEC) records. Further investigation is underway.

The Delhi High Court has held that as a customs broker, the petitioner cannot be held liable because exporters were not traceable after the issuance of Let Export Orders and the export of the goods...

Delhi High Court CENVAT Credit Refund Can’t Be Denied In Absence Of Self-Assessed Return Having Been Questioned, Reviewed Or Re-Assessed: Delhi High Court Case Title: BT (India) Private...

Citations 2023 LiveLaw (Del) 1063 to 2023 LiveLaw (Del) 1114NOMINAL INDEXMINOR L THR GUARDIAN J v. STATE & ANR. 2023 LiveLaw (Del) 1063Commissioner of Customs Versus ICS Cargo 2023 LiveLaw (Del)...

The Delhi High Court has held that there was proper verification on the part of the Customs House Agent (CHA) with regard to the genuineness of the Importer-Exporter Code (IEC) as well as GSTIN.The...

Going forward, the exporter will not be required to apply to the office of Directorate General of Foreign Trade (DGFT) for a Status Certificate and the export recognition will be provided by the IT system based on available Directorate General of Commercial Intelligence and Statistics (DGCIS) merchandise export electronic data and other risk parameters

The Directorate of Revenue Intelligence seizes areca nuts worth R4.43 crore after busting a gang that sent them to Mumbai from Dubai, concealed under declared c

The Directorate of Revenue Intelligence (DRI) has sent notices to seven exporters who were allegedly exporting restricted products. The directorate has confiscated some shipments of chemicals, minerals, metal and alloys and some essential commodities, which were under the special chemicals, organisms, materials, equipment and technologies (SCOMET) list, officials said. The shipments were confiscated by the Mumbai, Gujarat and Chennai zones, they said.