Blog Archives

Nodal officers for COVID 19 Customs Cargo assistance to trade

Nodal officers for COVID 19 Customs assistance to trade Nodal Officer for all Customs matters: Shri. Gaurav Masaldan, Mob 9810619628, email –[email protected] SL no. Office/City Name Phone number Email Designation Nodal officer from CBIC Board office 1 Ahmedabad Shankesh Mehta 95869 92221 [email protected] Joint Commissioner Eric C Lallawmpuia, OSD, 88009 04259, uscus4.dor @ 2 […]

SOP for claiming exemption from GST on imports for covid relief material

SOP for claiming exemption from GST on imports for covid relief material has been issued. Anyone who wants to claim such exemption may please contact any of the nodal officers below. Government of Haryana Excise and Taxation Department F NO: FTD-070001/47/2021-ADDL. ETC (GST)-ETD Dated 7Th May 2021 E-office No. 225547 Standard Operating Procedure for claiming […]

Analysis of Ad hoc Exemption Order No. 4/2021& related CBIC FAQs

Ad hoc Exemption Order No. 4/2021-Customs read with FAQs issued by CBIC dated 7th May, 2021 Earlier CBIC issued Ad hoc Exemption Order No. 4/2021-Customs dated 03-05-2021 to providing the relief/exemption from IGST on imports of specified COVID-19 relief material. Certain procedural clarification was untouched in the said order. For answers all such queries of […]

Indian economy now, and its bright future: RBI Governor

RBI Governor’s statement dated May 5, 2021: Indian economy now, and its bright future RBI Governor in his statement dated May 5, 2021 has dealt with the performance of Indian economy for the financial year 2020-2021 mentioning its appreciable position at the end of the year gaining its original position of growth, flattening of infections […]

CBIC Draft Authorization form for IGST Exemption for Covid Material

In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials such as Remdesivir, its API, Diagnostic Markers, Medical Oxygen, Oxygen concentrators and other oxygen storage and transportation equipment, for a limited period.

Ad hoc Exemption Order No. 4/2021-Customs – FAQs

FREQUENTLY ASKED QUESTIONS Ad hoc Exemption Order No. 4/2021-Customs dated 3 May, 2021 (said Order) exempting IGST on imports of specified COVID-19 relief material subject to conditions – regarding Last Updated: 7th May, 2021 Q.1 Whether exemption from IGST under the said Order is available in case the importer buys the goods from abroad, but […]

Nodal officer for clearance of COVID-19 relief materials imported by IRCS

Reference is made to the Standing Order No. 09/2021 dated 28.04.2021. In order to ensure seamless clearance of COVID relief materials imported by M/s Indian Red Cross Society (IRCS), in shortest possible time, a team of officers have been appointed, who will monitor and coordinate the functions of various wings of the Customs House.

RBI Resolution Framework 2.0 | Resolution of stress of MSMEs

In view of the uncertainties created by the resurgence of the Covid-19 pandemic in India in the recent weeks, RBI  decided to extend the facility for restructuring existing loans to MSMEs without a downgrade in the asset classification subject to the some conditions. RESERVE BANK OF INDIA RBI/2021-22/32 DOR.STR.REC.12/21.04.048/2021-22 May 5, 2021 All Commercial […]

Banks can deduct new Loan to MSME from NDTL till 31.12.2021

Scheduled Commercial Banks allowed to deduct amount equivalent to credit disbursed (up to ₹ 25 lakh per borrower) to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR) up to the fortnight ending December 31, 2021. Reserve Bank of India RBI/2021-22/30 DoR.RET.REC.09/12.01.001/2021-22 May 05, 2021 […]

Punjab Govt appoints Nodal officer in line with Ad hoc Exemption Order

Nodal officer appointed by Punjab Government to speed up the process of import in line with Ad hoc Exemption Order No. 4/2021-Customs which provides exemption on custom duty on covid relief material imported from outside India for free distribution. In order to claim the exemption, the importer needs to produce a certificate to Customs authorities […]

Extension of GST Compliance due to 2nd Wave of COVID-19

GST & Customs relief announced considering COVID-19 Introduction: 1. COVID–19 situation has been absolutely alarming and the Central & State Governments alongwith local authorities are trying their level best to combat the current To ease the burden, there are certain relaxations announced by the CBIC like the relaxations announced in 2020. The present note explains […]

Value declaration not sought by customs in respect of Covid-19 relief Material

Union Government Did Not Waste Time in Effective Allocation and Distribution of COVID Pandemic Relief material Coordination Cell in Health Ministry started working from 26th April 2021, for receipt and coordination of effective allocation of foreign COVID relief and support material Effective Allocation by Government of India of COVID -19 supplies received from the Global […]

IGST Exemption on imports of COVID19 relief material donated from abroad

Central Government Has Today Granted Exemption From IGST Vide Ad Hoc Exemption Order 4/2021-Customs on Imports Of  specified Covid-19 Relief Material received free of cost for free distribution for covid relief. On Such goods Custom Duty was Already Been Exempted vide Custom Duty Notification Nos. 27/2021, 28/2021 And 29/2021. The exemption order shall apply to […]

IGST reduced to 12% on oxygen concentrators

IGST on Import of Oxygen Concentrators for personal use has been reduced from 28% to 12% to bring IGST rate on such personal imports at par with commercial imports of the same. This reduced IGST rate for imports of concentrator for personal use shall be applicable upto the 30/6/2021. Notification No. 30/2021-Customs Dated 1st May, […]

Govt relaxes COVID-relief material import norms for Indian Red Cross Society

It was decided that in all cases of covid related imports facilitated by Ministry of External Affairs and/ or imported by Indian Red Cross society, permissions/ licences/ authorizations required from other Government Department/Agencies prior to the clearance of goods, if any, would be deemed to have been given. In other words, such cases need not be referred to those agencies or the requirement may be suitably waived.