CUSTOMS
CBIC Issues Simplified Procedure For Export Cargo Returning To India After Strait Of Hormuz Closure
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular prescribing a simplified procedure for handling export cargo that is returning to Indian ports after vessels were unable to reach their destinations due to the closure of the Strait of Hormuz. Shipping through the Strait of Hormuz has been disrupted amid ongoing conflict in the Gulf region, forcing several commercial vessels to turn back before reaching their destination ports.CBIC said it received representations from...
CBIC Extends Deferred Import Duty Facility To Compliant Businesses From March 2026
On 1 February 2026, the Central Board of Indirect Taxes and Customs (CBIC) proposed extending the deferred payment of import duty facility to compliant businesses from 1 March 2026 through Notification No. 13/2026. Per the Notification, the facility will be available until 31 March 2028, and payments will be monitored through Indian Customs Electronic System (ICES) dashboards.The move is aimed at encouraging domestic manufacturers to obtain the Authorised Economic Operator (AEO)...
Baggage Rules 2026 Allow Returning Indians To Bring Jewellery Upto 40 Gram Duty-Free
The Central Government has notified the Baggage Regulations, 2026, giving a limited category of international passengers a special duty-free allowance for jewellery. Under the Regulations , Indian residents and tourists of Indian origin who have lived abroad for more than one year can bring jewellery over and above their personal effects into India without paying customs duty, within specified limits. The allowance is upto 20gms for male passengers a 40gm for female passengers. Jewellery...
DGFT Revises Bulk Drug Policy, PEN-G, Amoxycillin Subject To Minimum Import Price Till Jan 2027
In a Notification dated 29 January 2026, the Directorate General of Foreign Trade (DGFT) has revised the import policy for certain bulk drugs, including Penicillin G-Potassium (PEN-G) and its salts. According to the notification, specific antibiotics such as PEN-G, Amoxycillin and its salts, and 6-APA have been moved from the 'Free' category to the 'Restricted' category. Further, the notification prescribes a Minimum Import Price (MIP) for certain imports. It is the lowest price at which a...
CBIC Revises Tariff Values For Gold, Silver, Edible Oils And Brass Scrap
The Central Board of Indirect Taxes and Customs (CBIC) has updated tariff values for edible oils, brass scrap, gold, silver and areca nuts. By a notification issued on 15 January 2026, the CBIC notified revised tariff values effective from 16 January 2026, fixing the tariff value of gold at USD 1,483 per 10 grams and silver at USD 2,950 per kilogram. The CBIC has also notified that there is no change in the tariff value of areca nuts falling under tariff item 080280. Further, revised tariff...
New Tariff Values Set For Imported Gold And Silver
The Central Board of Indirect Taxes and Customs (CBIC) issued a notification on 13 January 2026, updating the tariff values for several imported commodities. These changes, which were made under the powers of the Customs Act, 1962, officially came into effect on 14 January 2026.According to the sources, the tariff value for gold has been set at US $1485 per 10 grams. Silver is now valued at US $2724 per kilogram.The notification also clarifies that for many other essential imports, there has...