Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
CBIC implemented significant trade facilitation measures for air cargo and transhipment, effective 24th April 2025. Key changes include waiving transhipment permit fees, introducing simplified procedures for temporary import of Unit Load Devices (ULDs) outside Customs Area, and enabling an All-India National Transhipment Bond at air cargo complexes. Air carriers/console agents can now temporarily import ULDs by executing a Continuity Bond, shifting re-export responsibility from individual importers. These regulatory modifications aim to streamline customs protocols, reduce logistical complexities, and enhance operational efficiency in air cargo and transhipment movements, aligning with international best practices and supporting ease of doing business.
CBIC implemented significant trade facilitation measures for air cargo and transhipment, effective 24th April 2025. Key changes include waiving transhipment permit fees, introducing simplified procedures for temporary import of Unit Load Devices (ULDs) outside Customs Area, and enabling an All-India National Transhipment Bond at air cargo complexes. Air carriers/console agents can now temporarily import ULDs by executing a Continuity Bond, shifting re-export responsibility from individual importers. These regulatory modifications aim to streamline customs protocols, reduce logistical complexities, and enhance operational efficiency in air cargo and transhipment movements, aligning with international best practices and supporting ease of doing business.
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