Withdrawal of export duty on iron ore & steel products: The Central Board Indirect Taxes and Customs (CBIC) Seeks to amend Notification No. 27/2011- Customs, dated the 1st March, 2011 in order to withdrawal export duty on iron ore & steel products. In this Notification No. 58/2022-Customs, the CBIC has amended the earlier notification in […]
The M/s Xiaomi Technology India Private Limited evaded customs duty of Rs. 653 crore. Based upon an intelligence that M/s Xiaomi Technology India Private Limited (Xiaomi India) was evading customs duty by way of undervaluation, an investigation was initiated by the Directorate of Revenue Intelligence (DRI) against Xiaomi India and its contract manufacturers. During the […]