Loading...

⚠ âś•
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedbackâś•

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search âś•
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
âś•
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close âś•
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Advisory on “Multistate Registration” Facility for GST Registration
    Forward-Looking Survey on Private Corporate Sector CAPEX Investment Intentions (Survey period: October–December 2026)
    CRIT and IIFT Organise Three-Day Orientation Course on Trade Negotiations
    Union Minister of Commerce and Industry Shri Piyush Goyal Participates in Opening Day of G20 Trade Ministers’ Meeting in Milwauke, U.S
    Insolvency and Bankruptcy Code has strengthened credit discipline, improved recovery climate and contributed to ease of doing business: Harsh Malhotra...
    Central Bureau of Narcotics, DNC office, conducts drug abuse and addiction awareness campaign under Operation Jagriti in Lucknow
    Commerce and Industry Minister Piyush Goyal Calls for WTO-Compliant Approach to Correcting Global Trade Distortions at the Concluding Day of G20 Trade...
    APEDA Facilitates Export of Bihar’s Makhana from Purnea to Greece
    APEDA Facilitates FPO-led Export of Frozen Food Products from Haryana to Canada
    Government Extends Operational Timelines of RELIEF (Resilience & Logistics Intervention for Export Facilitation) Intervention to Support Exporters Ami...
    Government Extends Remission of Duties and Taxes on Exported Products ( RoDTEP) Scheme upto 31st December 2026
    DRI cracks down on illegal wildlife trafficking; elephant ivory, leopard skin, live pangolins and tiger parts seized; 11 persons arrested
    DRI busts two-way gold-diamond smuggling syndicate at Mumbai airport
    CBN Madhya Pradesh Unit destroys over 10.84 tonnes of seized narcotic drugs and deposits 154.375 kg of seized opium at GOAW, Neemuch
    CBN Rajasthan Unit seizes 1.080 kg hydroponic weed (ganja) concealed in international parcel from Thailand
    CBN Madhya Pradesh Unit seizes 4.240 kg opium; one person arrested
    Gross and Net GST revenue collections for the month of September, 2026
    Release of the Annual Survey of Industries (2024-25) results
    5th Kautilya Economic Conclave to be held in New Delhi from 3 to 5 October 2026 under the theme “Resilience in an Age of Flux”
    CCI approves the acquisition of certain equity share capital in IndiaFirst Life Insurance Co. Ltd. by BNP Paribas Cardif
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
October 3, 2026
Show AI Summary
Multistate GST registration enables normal taxpayers to submit common information once for simultaneous State and UT applications.
Multistate Registration enables normal taxpayers seeking GST registration under the same PAN in more than one State or Union Territory to apply simultaneously. A Master TRN is generated after selection of the intended jurisdictions and must be submitted with Common Registration Information. Individual TRNs are then generated for each selected jurisdiction, with common information auto-populated and editable. Applicants must provide principal and additional places of business, State-specific information, and Aadhaar authentication.
October 3, 2026
Show AI Summary
Private corporate CAPEX survey collects forward investment data through secure self-reporting while protecting enterprise-level confidentiality.
CAPEX 2026 collects information from selected large private corporate enterprises on past, provisional and intended capital expenditure across asset groups and sectors, including investment strategies, financing, green energy and robotics. Responses are self-compiled through a secure portal with bilingual and digital assistance. Complete, accurate and timely reporting supports validation and aggregate investment indicators. Individual enterprise information is protected through confidentiality safeguards, and unit-level CAPEX data are not disseminated.
October 3, 2026
Show AI Summary
International trade negotiations training addressed WTO rules, dispute settlement, sustainability, trade remedies, digital trade, and services.
Trade-negotiation capacity-building introduced foundational trade theory and the WTO framework, followed by instruction on treaty interpretation, trade data and dispute settlement. Specialised sessions addressed trade remedies, rules of origin, non-tariff measures, intellectual property rights, digital trade and services. It also considered labour, environmental and sustainability issues, including carbon border adjustment and deforestation requirements, within an increasingly complex global trade environment.
October 3, 2026
Show AI Summary
Food security safeguards distinguish transparent public stockholding measures from coercive trade actions within multilateral trade cooperation.
India maintains public stockholding, procures food from small and marginal farmers, and may adopt temporary, transparent measures during harvest shortfalls to preserve food availability and affordability. These food-security measures are identified as recognised within the WTO framework. A distinction is advanced between legitimate food-security interventions and coercive trade actions used to exert pressure on other countries. G20 Trade Ministers reached consensus on a statement addressing the weaponization of food through coercive trade actions and committed to continued cooperation.
October 3, 2026
Show AI Summary
Insolvency resolution reform prioritises timely, value-maximising outcomes through technology adoption, mediation, and legislative responsiveness across the insolvency ecosystem.
The Insolvency and Bankruptcy Code seeks faster, value-maximising resolutions through legislative responsiveness, technology adoption and adherence to prescribed timelines. Reform priorities include reducing case-disposal delays, speeding consideration of resolution plans, revising admission thresholds, mediation and sector-specific carveouts. The framework is associated with creditor recoveries, rescue of viable businesses and changed debtor-creditor behaviour.
October 3, 2026
Show AI Summary
Drug abuse prevention awareness promotes student education, peer outreach, and youth responsibility for a drug-free society.
Operation Jagriti promotes drug abuse and addiction awareness among students by addressing the harmful effects of substance use and practical prevention measures. Students are encouraged to avoid drugs, spread prevention awareness among peers and communities, and contribute responsibly to the Nasha Mukt Bharat objective of a drug-free India.
October 3, 2026
Show AI Summary
Forced-labour border measures require verifiable evidence, due process and WTO consistency while preserving cooperation without unilateral trade action.
Global trade distortions should be addressed through WTO-consistent, evidence-based anti-dumping and countervailing measures, without restricting developing countries' policy space for industrialisation. Most-Favoured-Nation treatment, consensus decision-making, special and differential treatment, and a two-tier dispute-settlement system remain central to multilateral trade governance. Imports produced using forced labour are prohibited, while border measures must rely on specific, verifiable evidence, observe due process and WTO rules, and avoid presumptions concerning entire countries, regions or sectors.
October 3, 2026
Show AI Summary
Export-led market access for Makhana expands overseas buyer linkages, supports higher producer returns, and promotes European market diversification.
Export-oriented market access for Bihar's Makhana is being expanded through a facilitated shipment of popped Makhana from Purnea to Greece. APEDA's support connects producers and exporters with international buyers and strengthens the export value chain. Higher price realisation than domestic selling prices indicates scope for improved producer returns, wider farmer and producer-group participation, and diversification into European markets. Export promotion is linked to a proposed Agri Export Policy and packhouse development.
October 3, 2026
Show AI Summary
FPO-led export market access links processed food producers with global buyers and strengthens agricultural value-chain participation.
APEDA facilitated an FPO-led export of frozen food products to Canada by Aterna Foods Producer Company Limited, with support under its Financial Assistance Scheme. The export included frozen vegetables, sweet corn, samosa and other processed food products. Market-linkage initiatives connect Farmer Producer Organisations and Farmer Producer Companies with exporters and global buyers, promoting export-oriented value chains and integrating agricultural produce with processing and international markets.
October 3, 2026
Show AI Summary
RELIEF timeline extension preserves credit-insurance support and premium protection for exporters facing West Asia maritime disruptions.
Component II of the RELIEF intervention extends operational timelines for exporters affected by West Asia maritime-logistics disruptions. It encourages eligible exporters to obtain ECGC cover for upcoming shipments to specified regions with 95% risk coverage. Benefits apply to qualifying Stand Alone Policies and Whole Turnover Policies, covering full container load, less than container load, and reefer containers, but excluding energy shipments. Eligible exporters' insurance premium cannot increase beyond the pre-disruption level during the relevant period.
October 3, 2026
Show AI Summary
RoDTEP duty remission continues for eligible exporters, preserving existing rates and value caps through the extended period.
RoDTEP Scheme continuation is extended until 31 December 2026 for exports made by Domestic Tariff Area units, Advance Authorisation holders, Special Economic Zone units and Export Oriented Units. The scheme remits embedded, un-rebated Central, State and local duties, taxes and levies borne on exported products. Existing RoDTEP rates and value caps remain unchanged throughout the extension.
October 3, 2026
Show AI Summary
Wildlife trafficking enforcement targeted unlawful possession, transport and proposed sale of ivory, leopard skin, pangolins and tiger parts.
Illegal wildlife trafficking operations addressed alleged possession, transportation, and attempted sale of elephant ivory, leopard skin, live pangolins, and tiger parts. Possession without licence and trade in elephant ivory or ivory articles are prohibited under the Wild Life (Protection) Act, 1972. Leopards, pangolins, tigers, and their body parts receive Schedule I protection, while pangolins are also listed in CITES Appendix I, prohibiting international trade. Recovered wildlife articles, live animals, and vehicles were transferred or seized for action by forest and specialised wildlife enforcement agencies.
October 3, 2026
Show AI Summary
Two-way airport smuggling: airport staff allegedly facilitated clandestine gold entry and illicit diamond export through transit and outbound passengers.
An alleged two-way smuggling arrangement involved airport staff receiving foreign-origin gold dust in wax capsules from transit passengers for clandestine removal into India and transferring diamonds to an outbound passenger for illicit export to Dubai. Seizure included 23 capsules of 24-carat foreign-origin gold dust in wax form and natural and lab-grown diamonds. The modus operandi used the same airport employee to facilitate import-side gold smuggling and export-side diamond smuggling.
October 3, 2026
Show AI Summary
Seized narcotic-drug disposal prevents contraband re-entry through supervised destruction, lawful opium deposit, and environmentally safe incineration.
Authorised disposal of seized narcotic drugs under the Narcotic Drugs and Psychotropic Substances Act, 1985 involved destruction of 10,842.150 kg of contraband through an approved process supervised by the Drug Disposal Committee and attended by a pollution-control representative. Seized opium was separately deposited with the Government Opium and Alkaloid Works as part of the disposal process, aimed at preventing contraband from returning to illicit drug trafficking and ensuring environmentally safe incineration.
October 3, 2026
Show AI Summary
International postal narcotics trafficking: hydroponic ganja concealed in cake pouches was seized under NDPS procedures.
Seizure under the relevant provisions of the Narcotic Drugs and Psychotropic Substances Act, 1985, covered hydroponic weed (ganja) recovered from an international parcel received from Thailand. The contraband was concealed in cake pouches placed among other packets and articles to camouflage its presence. Specific intelligence prompted examination, recovery, weighing and seizure following due legal procedure, with further investigation in progress.
October 3, 2026
Show AI Summary
NDPS enforcement enabled opium and vehicle seizure, with arrest after an intelligence-led roadside interception operation.
Intelligence-based enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, resulted in the interception of a motorcycle and recovery of 4.240 kg of opium. The opium and motorcycle used for transportation were seized after legal formalities, and one person was arrested. Investigation continues to trace the contraband's source and intended destination and identify other persons connected with the suspected trafficking network.
October 1, 2026
Show AI Summary
GST revenue accounting distinguishes gross collections, refunds, net domestic and customs revenue, and SGST-IGST settlement reporting.
Gross GST revenue for September 2026 distinguishes domestic collections and IGST on imports; after domestic and ICEGATE refund adjustments, net revenue is calculated separately for domestic and customs GST. Cumulative collections through September similarly distinguish gross receipts, refunds and net revenue. SGST reporting compares pre-settlement receipts with post-settlement amounts that include the SGST portion of IGST settled to States and Union Territories. State and Union Territory revenue comparisons exclude GST on imported goods, while April-September domestic collections are split between Central and State formations.
October 1, 2026
Show AI Summary
Annual Survey of Industries results record broad manufacturing growth and define survey coverage, enumeration, digital data collection, and reliability limits.
ASI 2024-25 records broad-based growth in registered manufacturing, including establishments, output, Gross Value Added, employment, emoluments, fixed capital, invested capital, net income and net profit. The survey covers specified registered factories, bidi and cigar establishments, certain electricity undertakings, and qualifying large units in State-maintained business registers. Data are collected electronically under the statutory framework for collection of statistics using an establishment-based approach, with quality checks and caution required because the estimates arise from a sample survey.
October 1, 2026
Show AI Summary
Economic resilience policy dialogue examines financial stability, digital governance, trade fragmentation, and investment priorities amid global uncertainty.
The fifth Kautilya Economic Conclave will examine economic resilience amid global shocks through discussions on macroeconomic stability, monetary policy, financial stability, investment, fiscal federalism and capital-market development. Its agenda also covers digital economy governance, artificial intelligence, trade fragmentation, strategic autonomy, climate resilience, food systems, demographic change and global health security. Plenaries, parallel sessions and closed-door roundtables will consider policy responses and mobilisation of domestic and foreign capital for long-term investment.
September 30, 2026
Show AI Summary
Equity acquisition in a life insurer receives competition clearance for BNP Paribas Cardif's proposed investment.
Competition Commission of India approval covers a proposed combination under which BNP Paribas Cardif will acquire certain equity share capital in IndiaFirst Life Insurance Company Limited. The transaction is an acquisition of an ownership interest in an Indian life insurer. IndiaFirst Life Insurance Company Limited is incorporated in India, is an IRDAI-licensed insurer, and provides life insurance in India.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Customs, DGFT & SEZ

Finance Minister stresses on the importance of Trade Facilitation, in his opening address at 80th Session of Policy Commission

December 3, 2018

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Finance Minister stresses on the importance of Trade Facilitation, in his opening address at 80th Session of Policy Commission

It is in the larger interest of every country to ensure that trade barriers are brought down and trade facilitation is done to the largest extent possible: FM Shri Arun Jaitley

India has been at the forefront of improving its trade facilitation capacities, as reflected in India’s performance in the World Bank’s Ease of Doing Business rankings: FM

FM has sanctioned a sum of 5 crore rupees towards capacity building in customs matters at the WCO; this is the first ever contribution by India towards the Customs Appropriation Fund of the WCO: Chairman, CBIC

Indian customs has reengineered its processes to enhance trade facilitation and ease of doing business in the country: Revenue Secretary

The meeting will discuss and seek to agree on the future of customs, of trade and hence of the world: Chairperson, WCO Council

Improvement in India’s trade facilitation measures has been remarkable; the Indian experience is going to be very significant for all members: Secretary General, WCO

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has said that it is in the larger interest of every country to ensure that trade barriers are brought down and trade facilitation is done to the largest extent possible, within the domestic legal framework. Trade barriers will have an impact on transactional costs; any delay adds to the costs, takes away competitiveness, and domestic economies themselves start suffering, noted the Minister. He was addressing the opening session of the 80th Session of Policy Commission of World Customs Organization in Mumbai today December 3, 2018. Shri Jaitley joined the session from Delhi, through video conference. The three-day session is being organized by the WCO and hosted by the Central Board of Indirect Taxes and Customs (CBIC), India in Mumbai.

The Finance Minister recalled that there was a lack of clarity on the issue when trade facilitation came up initially in 1996 on the agenda of global trade talks. Despite this, every country was in due course compelled to realize that the matter needs attention. He expressed happiness that by 2014, most countries had come to agree on the importance of trade facilitation and that WTO had finally reached an agreement as regards trade facilitation.

Thanking WCO for inviting him to address the opening session, Shri Jaitley said that the Policy Commission is an extremely important forum of the WCO and that its role has been of great significance to the global economy. As the world economy grows, trade itself is going to increase immensely. He stated that trading across barriers of nations is an economic imperative of our times, which is going to increase in times to come. Further, increase in trade itself gives an impetus to global as well as national economies. Shri Jaitley added that the single biggest factor that dominates global trade is the larger interest of consumers, who are entitled to the best and cost-effective goods and services.

The Finance Minister said that India has been at the forefront of improving its capacities, as reflected in India’s performance in the World Bank’s Ease of Doing Business rankings, which leapfrogged from 142 for 2014 to 77 for 2019. He observed that India’s ranking in the parameter “Trading across Borders” has improved greatly, from 146 to 80 in one year itself. Shri Jaitley informed the gathering that India is investing in infrastructure, using technology to the best extent possible, and is willing to adopt global best practices. He expressed confidence that the Policy Commission meeting will be a great forum to discuss the future roadmap as regards trade facilitation and the policy changes required; nations would be able to learn from each other’s best practices and would stand better informed and educated by the discussions of the forum. He said that the deliberations would be useful not only to participating nations, but also to the WCO’s policy, which will thus be helpful to all emerging and developing countries as well.

Welcoming the delegates from various countries, Revenue Secretary, Shri A.B. Pandey said that right since India became a member of WCO in 1971, India and WCO have evolved towards generating, preserving and sustaining a momentum for promoting legitimate trade as a harbinger of growth. He said that this commonality of purpose has always led to a constructive relationship between India and the WCO.

He said that customs administrations globally envisage a digitally connected technology-driven paperless secure and high velocity customs. With the implementation of GST, India is at the cusp of a transformative moment. He said that the reforms made in Indian customs administration have become visible, with the improvement in India’s position in the World Bank’s Ease of Doing Business rankings.

Shri Pandey highlighted that while continuing to perform its traditional role, Indian customs has reengineered its processes to enhance trade facilitation and ease of doing business in the country. There has been a heightened focus on improving efficiency, in reducing time and cost. He said that the trade initiatives have become fast-paced and aligned with WTO’s Trade Facilitation Agreement. As trade facilitation becomes a global priority, simplification of procedures and harmonisation of processes became the way forward for Indian customs. There has been a change in mindset – from that of a regulator, to that of a facilitator.

Focus of customs clearances is now on simplification in procedures, reduction in time and cost and transparency in rules. The WCO theme of “Smart Borders for Seamless Trade, Travel and Transport” aligns well with the whole-of-border approach that is shaping India’s current customs policy, said the Secretary. He underlined the critical importance of communication and collaboration among government agencies at the border, both within the country and between countries.

Shri Pandey said that the key challenge for customs today is creating a convergence of facilitation and enforcement. Leveraging digitization and technology for non-intrusive operations is vital for a data-empowered and digitally enabled customs. Observing that the WCO has been at the forefront of using digital technologies, the Secretary said that the response of WCO in harnessing new technologies such as blockchain and big data should continue to be proactive.

In a media interaction after the opening session, Chairman, CBIC, Shri S. Ramesh informed that WCO is a representative body of 180 customs administrations, representing more than 90% of world trade. India has been an integral member of the organization. The 33 countries present for the meeting represent all 180 countries. He said that India has the unique privilege of hosting the 80th meeting of the Policy Commission, more so since India is at present the Vice-Chair of the Asia Pacific region. Recalling India’s improvement in “Trading across Borders” parameter in World Bank’s Ease of Doing Business Rankings, the Chairman said that the formulation of the National Trade Facilitation Action Plan and the Trade Facilitation Committee headed by Cabinet Secretary shows the Government of India’s commitment to advancing trade facilitation. The Policy Commission will discuss trade facilitation at length and ensure that all customs administrations are geared up on this front, he added.

India feels that it is very important to ensure that small island economies in the Asia Pacific region are brought into the mainstream and integrated into the global economy, said the Chairman. He informed that the Union Finance Minister has sanctioned a sum of 5 crore rupees towards capacity building in customs matters at the WCO; he said that this is the first ever contribution by India towards the Customs Appropriation Fund of the WCO.

Shri Ramesh further informed that active discussion and dialogue with the World Bank on the subject of trade facilitation, for effective implementation of trade facilitation measures, is another discussion point of the meeting.

Chairperson, WCO Council, Mr. Enrique Canon said that the meeting will discuss and seek to agree on the future of customs, of trade and hence of the world. Speaking of the importance of keeping up with the pace of change, Mr. Canon said that technology is the most important change that is happening; if customs and WCO does not keep up to its pace, the people of the world will suffer. He expressed confidence that WCO will deal with the challenge successfully and come up with the best solutions for an ever-changing world.

Secretary General of WCO, Mr. Kunio Mikuriya said that improvement in India’s trade facilitation measures has been remarkable and that the Indian experience is going to be very significant for all members. He said that India has a comprehensive policy which goes beyond customs and trade facilitation. He complimented India’s contribution to the WCO, adding that in the era of knowledge-based customs, Indian professionals both inside and outside WCO have been playing an important role in disseminating knowledge on customs matters.

Mr. Mikuriya stated that consumer protection and security is an important element for competitiveness, which would be discussed at the forum. He informed the media that the meeting is a good opportunity for members, and that many bilateral agreements would be signed and built upon. He appreciated India’s hospitality and leadership, not only in Asia Pacific, but also in the global customs community and hoped that the meeting will be able to chart out a roadmap for the future.

Member, CBIC, Shri Pranab Kumar Das said that the meeting will witness the signing of a customs mutual assistance agreement between India and Peru and a joint action plan with Uganda. Bilateral talks would be held with various customs administrations including USA and Japan. Stating that the future of customs lies in collaboration and cooperation, he informed that the meeting will discuss how technology-driven customs administrations can march ahead.

Some of the important topics to be discussed during the meeting include trade facilitation, controlling illicit financial flow, performance measurement, challenges of small island economies, etc. Hosting of the Policy Commission session will give global presence and leadership role to the country in the area of customs procedures and will also give a boost to India’s thrust in facilitating trade.

Also Read: 80th Session of Policy Commission of World Customs Organization to commence in Mumbai on December 3, 2018

Topics

Acts Income Tax