The January-March 2023 issue of the newsletter includes coverage of the following:Major changes to the Customs Act, 1962 and tariffs resulting from the Union Budget 2023;Notification of the Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023 which aim to reduce undervaluation in transactions between related parties;The introduction of the Foreign Trade Policy, 2023, which now includes a framework for cross-border transactions in the digital economy; andOther changes in customs and foreign trade policy:General trade facilitation measures;Changes to the import/export policy;Other changes in the FTP; andNews on levy of anti-dumping duty.
Source: taxathand.com
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