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

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 ...

Customs Authority for Advance Ruling (CAAR) in Mumbai has ruled that imported Interactive Flat Panels will be classified ...

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

Child Tax Credits and Working Tax Credits. HMRC also handles Customs Duty charges on imported goods, as well as similar import fees on alcohol and tobacco and a duty on the sale of fuel.

US President Donald Trump has escalated his trade war with China. Standing in his way are tens of thousands of Chinese ...

The elimination of the "de minimis" exemption, allowing duty-free imports under $800 ... Initially, the company sold other people's goods, but as it grew, Shein developed its own products and ...

New US tariffs and the end of tariff-free access for low-value parcels from China are projected to cause a significant ...

28AB of Customs Act not justified. Facts- The appellant had imported and cleared goods using 13 Advance Authorisations without paying either the basic customs duty or the integrated goods and services ...

Trump to end a customs ... to eliminate a tax loophole, known as the "de minimis" exemption, beginning May 2. This exemption allows goods worth less then $800 to enter the U.S. duty-free, however ...

and Service Tax Appellate Tribunal (CESTAT) has stated that 'digital still image video cameras' imported by assessee is entitled to basic customs duty exemption. The Bench of Justice Dilip Gupta ...

If you’ve purchased something from Chinese e-commerce giants Shein, Temu or Alibaba, then you may have benefited from a trade loophole called the de minimis exemption.