July 13, 2022 The tech firm wrongfully used duty exemptions for items imported for use in mobile phone production, said India’s Directorate of Revenue Intelligence Chinese smartphone manufacturer Oppo evaded $551 million worth of Indian customs duty, a government statement said on Wednesday. A probe by India’s Directorate of Revenue Intelligence found that the smartphone maker wrongfully…
22 June 2021 – Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies The Centre is planning fresh guidelines for e-commerce companies, including appointment of a chief compliance officer, giving preference to the sale of locally produced goods, mandatory registration of e-tailers with Department for Promotion of Industry and Internal Trade (DPIIT),…
14 June 2021 – The EU, together with the UK, was India’s largest vacation spot (as a bloc) in FY20, with a 17% share within the nation’s general exports. Importantly, the UK accounted for 16% of India’s $53.7-billion exports to the EU in FY20. As India and the European Union (EU) put together to resume…
10 June 2021 – Indonesian coal exports rose in April from a year earlier led by strong Indian demand. Indonesian authorities are expecting the momentum in shipments to continue this year, helping the country to meet its output target. Indonesia shipped 33.15mn t of coal in April, up from 31.61mn t a year earlier, the…
08 June 2021 – Indian customs officials at the Delhi Airports seized an impressive haul of electronics goods and other miscellaneous items a few days ago. Among the items confiscated were 10 Sony PS5 consoles (review), 173 used laptops and 222 Apple iPhones. It also included lots of food supplements and cosmetics too, but we…
13 May 2021 – Some Indian ports are feared to face shutdowns during the country’s devastating wave of COVID-19 cases, including major ports handling shipments from China. Chinese logistics companies worry that the suspended operations might cause further delays in shipments of emergency medical equipment and cargo. Chennai port has significantly reduced its operations, the…
7 May 2021 – In India, there has been a clampdown on Chinese companies since last year. Huawei is one of the first companies to be hit with the hammer. Subsequently, several Chinese apps have been banned in India. Even popular apps like Tencent (PUBG Mobile) and TikTok are currently not usable in India. Now, another ban…
7 May 2021 – India has blocked imports of China-made bluetooth speakers, wireless earphones, smartphones and more: Reuters. India has held up approvals for import of wifi modules from China for months, driving companies such as United States-based computer makers Dell and HP and China’s Xiaomi, Oppo, Vivo and Lenovo to delay product launches in…
6 May 2021 – The Central Board of Indirect Taxes and Customs (CBIC) mentioned that it is in fact expediting all consignments and this news is factually incorrect and has no basis Amid reports that a consignment of oxygen concentrators is awaiting clearance from the Customs authorities, the Central Board of Indirect Taxes and Customs…
3 May 2021 – MUMBAI The Central Board of Indirect Taxes and Customs, through a notification, recently provided clarity besides further simplifying procedures for clearances of certain items. The recent steps taken by the CBIC for customs clearance of emergency medical equipment will help logistics companies in faster delivery of the consignments amid a huge…
