Blogs

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...