Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Instruction No. 15/2024-Customs, issued by the Central Board of Indirect Taxes and Customs, mandates the transition of Duty Drawback payment process to the Public Finance Management System (PFMS) from 5th June, 2024. The new procedure eliminates printing of Drawback scrolls and issuing cheques, streamlining the process. Customs officers will process Duty Drawback scrolls, which will be automatically transmitted to the Central Nodal eDDO and then to the nodal ePAO for approval. Subsequently, Duty Drawback amounts will be credited directly into exporters' bank accounts linked with PFMS. Prior to the implementation date, all pending Drawback scrolls must be processed, and cheques issued. Jurisdictional authorities must inform the PAO and banks about the last cheque issued and return unused cheque books. A Trade Notice should be issued for awareness, and any implementation challenges should be reported to the Board.
Instruction No. 15/2024-Customs, issued by the Central Board of Indirect Taxes and Customs, mandates the transition of Duty Drawback payment process to the Public Finance Management System (PFMS) from 5th June, 2024. The new procedure eliminates printing of Drawback scrolls and issuing cheques, streamlining the process. Customs officers will process Duty Drawback scrolls, which will be automatically transmitted to the Central Nodal eDDO and then to the nodal ePAO for approval. Subsequently, Duty Drawback amounts will be credited directly into exporters' bank accounts linked with PFMS. Prior to the implementation date, all pending Drawback scrolls must be processed, and cheques issued. Jurisdictional authorities must inform the PAO and banks about the last cheque issued and return unused cheque books. A Trade Notice should be issued for awareness, and any implementation challenges should be reported to the Board.
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