VATupdate
VAT

Central Board of Indirect Taxes (CBIC) invites suggestions on reviewing customs exemptions

In the Indian Budget 2020-21 it was announced that a review of existing Customs exemption notifications would be undertaken. The Central Board of Indirect Taxes (CBIC) has now invited suggestions from stakeholders on aligning the rules with the needs of changing times and ease of doing business.

Duty rate changes are considered usually as part of the Budget proposals and hence this review would not cover this.

Source Moneycontrol

* click here if you have interesting news to share *