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Disclaimer:-This material and the information contained herein prepared by Hiregange & Associates is intended for clients and other Chartered Accountants, to provide updates under GST and is not an exhaustive treatment of such subject. We are not, by means of this material, rendering any professional advice or services. It should not be relied upon as the sole basis for any decision which may affect you or your business.

INDEX

1. Notifications extending due dates for furnishing...

The Finance Act, 2018 had inserted provisions under the Customs Act, 1962 to provide for the issuance of a supplementary notice under circumstances and manner as may be prescribed. In this regard, the Customs (Supplementary Notice) Regulations, 2019 has been enacted that would be effective from 18^th Jun ’19.

Applicability

The said regulations shall apply to the notices issued:

1. For recovery of duties or interest, not levied or not paid or short levied or short paid or...

CBIC through its circular No 35/2018 dated 1^st Oct ’18 provided an advisory for registration of the beneficiaries. Single Window Interface for facilitating Trade (SWIFT) was introduced as part of ease of doing business initiative to integrate Customs and other Participating Government Agencies (PGAs) for seamless processing of import and export clearances. 

One of the components of SWIFT is e – SANCHIT wherein, under the import side, the system allows the beneficiary importer to...