Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The notification amends Notification No. 63/1994-Customs (N.T.) to include a new railway line connecting Raxaul (India) and Birganj (Nepal) as a traffic-in-transit route. The amendment, issued by the Central Board of Indirect Taxes and Customs under section 7(1) of the Customs Act, 1962, adds a new entry (d) to the existing table, establishing an official cross-border rail transit point. The modification aligns with the Transit Treaty between India and Nepal dated 1st June, 2023, facilitating enhanced cross-border transportation infrastructure and regulatory framework for bilateral trade and movement.
The notification amends Notification No. 63/1994-Customs (N.T.) to include a new railway line connecting Raxaul (India) and Birganj (Nepal) as a traffic-in-transit route. The amendment, issued by the Central Board of Indirect Taxes and Customs under section 7(1) of the Customs Act, 1962, adds a new entry (d) to the existing table, establishing an official cross-border rail transit point. The modification aligns with the Transit Treaty between India and Nepal dated 1st June, 2023, facilitating enhanced cross-border transportation infrastructure and regulatory framework for bilateral trade and movement.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
