The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has stated that same rate tax and ...

The issue pertaining to levy of interest and penalty on Integrated Goods and Services Tax (“IGST”) payable on imported goods ...

The assessee contested the Show Cause Notice, arguing that the normal ex-factory sale price should be the basis for valuation under Section 4 of the Central Excise Act, with only transportation costs ...

CESTAT Kolkata held that ‘Works Rolls’ are Capital Goods and not spare parts and hence eligible to be imported against full utilization of Status Holder Incentive Scheme [SHIS Scheme]. Accordingly, ...

Philippine businesses are also bracing for other issues, like the increasing audit efforts of the Bureau of Customs. In 2024, the BoC’s Post Clearance Audit Group (PCAG) generated P2.710 billion ...

Once this software is implemented in your back office, you’ll have the capacity to calculate a wide range of indirect taxes ...

Foreign trade zones allow companies to store imports without paying tariffs, and they are becoming more popular as President ...

U.S. Customs duty collections soared more than 60% in April, marking the highest monthly revenue haul in terms of dollars ...

An executive order the president signed Wednesday will eliminate the “de minimis provision” for goods from China and Hong Kong on May 2. The tax exemption, which applies to packages valued at $800 or ...

The South African Revenue Service intends to scrap over 140 concessions supporting simplified import and export clearance ...

Currently, a U.S. loophole allows duty ... on goods at ports of entry is currently the responsibility of U.S. Customs and Border Protection. Whether the new External Revenue Service would fully ...

US shoppers will face higher prices to purchase goods from China after the de minimis exemption — a tax-free loophole that ...