duty news
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Indian goods will also be duty-free at airports
Mumbai :: India | 2 days ago
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In a bid to promote Brand India', the government on Thursday allowed sale of goods manufactured in India, sans excise duty, to incoming and outgoing international passengers and crew at duty-free shops (DFSs) at airports. The notification has already
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Stiff fines
Port of Spain :: Trinidad and Tobago | 15 days ago
Credibility
Clause 9 of the Customs (Amendment) Bill 2013 proposes to make customs officers who accept bribes and persons who give them bribes liable to a fine of $200,000. The provisions mark a significant increase over current law where Section 217 of the
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Retrial for air steward 'smuggler'
Seoul :: South Korea | 19 days ago
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Li Xiaohang, 30, the former airline stewardess, bought cosmetic products from duty-free shops in South Korea and brought the items through customs as her personal belongings on several occasions from 2010 to August 2011, according to the verdict
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Sanya's duty-free shop attracts tourists
Shanghai :: China | 25 days ago
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Tourists select goods at a duty-free shop in Sanya, a famous tourist destination in South China's Hainan province, May 1, 2013. Promotions in the duty-free shop attracted numerous customers during the three-day public holiday for the International
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Govt's attempts to rein in gold imports fuel smuggling
New Delhi :: India | 1 month ago
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The government's attempts to rein in gold imports by increasing the customs duty seem to have resurrected the ' tola ' bars or unnumbered bars, a favourite of smugglers and money launderers . The directorate of revenue intelligence (DRI) late on
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FinMin mulls new intel wing to check service tax evasion
Mumbai :: India | 1 month ago
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Concerned over mounting cases of service tax evasion, the Government is mulling to create a separate intelligence unit to check the menace and stop leakage of revenue...Rs 9,800 crore during April-December period of the last fiscal (2012-13) against
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China: A different hat
Auckland :: New Zealand | 1 month ago
Credibility
Fonterra and Zespri being the highest-profile recent examples. Hardened observers of the Far East market portray a Wild-West environment where lies, bribes, rorts and rip-offs are a "normal" part of business culture. The message: if getting into bed
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Rs 30 crore duty dues: Properties of Bharat Shah, partner attached
Mumbai :: India | 1 month ago
Credibility
Andheri, said a senior Customs official. "The jewel firm paid Rs 5 crore sometime back. We are yet to receive about Rs 30 crore, which includes duty, fine, penalty and interest amount. If the duo does not pay up, their attached properties would be
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IPL 2013: DRI probes duty evasion by Singapore-based broadcaster
Singapore :: Singapore | 1 month ago
Credibility
The Directorate of Revenue Intelligence ( DRI ) has begun a probe into alleged customs duty evasion of hundreds of crore by a Singapore-based firm in bringing broadcasting equipment for the upcoming IPL T-20 cricket tournament. The firm, a leading
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Container case SC orders FBR chief, FTO to submit reports
Islamabad :: Pakistan | 3 months ago
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Expressing disappointment over the performance of Federal Board of Revenue in the recovery of customs duties in the missing Nato containers case, the Supreme Court ordered the FBR chairman and the Federal Tax Ombudsman on Wednesday to submit
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