|
|
|
CBIC draws plans for cargo evacuation post-lockdown
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 28 Apr, 2020
The Central Board of Indirect Taxes and Customs (CBIC) is drawing up
plans for systematic evacuation of cargo, as and when the goods
transportation gets normal post-lockdown.
In a letter to officers
and other employees dated April 27, CBIC Chairman M. Ajit Kumar said,
"The foreseeable future is likely to see transportation of goods move
towards near normalcy. The surge for clearance of containers on the
grant of 'out of charge' (OOC) should not catch us unawares at any of
seaports, airports, inland container depots (ICDs) or container freight
station (CFSs)."
Calling for a contingency plan for systematic
evacuation of cargo without traffic snarlups at the port or in the city,
Kumar said the Zonal Chief Commissioners might like to set up special
team under an ADC or JC and make them go through the drill to meet any
eventuality. "The active involvement of the port authorities may also be
required right away," he said.
The department had expeditiously cleared refund, drawback claims during the special refund drive, he said.
The
board had processed around 300,000 refund applications of GST, customs
and drawback claims, leading to sanction of Rs 10,733 crore in 15 days
since April 8, he said and added, it would provide immediate relief and
liquidity to business entities, especially MSMEs.
Kumar said the
CBIC's intelligence units and field formations had continued to thwart
attempts to evade duty or smuggle goods and it was evident from major
cases booked last week.
The Delhi zonal unit of the Directorate
General of GST Intelligence (DGGI) has filed a case involving
non-payment of IGST on free-of-cost import of software by a major IT
firm, whose sister company is based abroad, and recovered Rs 22.68 crore
duty for July 2017 to March 2020.
Similarly, the Lucknow zonal
unit of the Directorate of Revenue Intelligence (DRI) has prohibited
goods of a syndicate indulging in import of grossly overvalued fragrance
oil (perfumery compound), storing them in duty-free warehouses or SEZs
without payment of duty and exporting them directly or through front or
dummy companies.
"Investigations have revealed almost Rs 5,500
crore foreign exchange component in this carousel fraud. The extent of
overvaluation is more than 100 times. Goods having a declared value of
more than Rs 150 crore, relating to the firms involved, have been
seized. Further investigation is in progress," the letter read.
The
Chennai Air Customs during its vigil at the foreign post office
narrowed on a parcel that had arrived from the USA and was destined to
the East Godavari district. 1.7 kg cannabis of foreign origin worth Rs 9
lakh was found concealed in sleeping bags in the carton and was seized
under the NDPS Act, 1985, it said.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|