Bihar Prohibition and Excise Amendment Rules, 2023

By virtue of the present amendment the fixation of the amount of penalty levied on a seized conveyance would be at the discretion of the Collector or the Officer authorized by him. However the penalty shall not be less than 10% of the insured value of the vehicle, but shall not be more than Rs. five lakh.

Customs (Waiver of Interest) Third Order, 2023

The CBIC is waiving the interest payable for the period from 14th April, 2023 till the date of removal of such system inability and thereafter up to three days (including holidays), in respect of such goods relating to those Bills of Entry.

Customs (Waiver of Interest) Second Order, 2023

CBIC has waived the whole of interest payable under sub-section (2) of section 47 of the said Act, for the period from 11th April, 2023 up to and including the 13thApril, 2023. This waiver is applied in respect of goods, where the payment of import duty is to be made from the amount available in electronic cash ledger.

Update in AEO application processing for AEO-T2 and T3 on the web-based

The new version (V 3.0) of the web application is designed to ensure continuous, real-time, and digital monitoring of the physically filed AEO-LO applications for timely intervention and expedience. From 1st May, 2023, it will be mandatory for AEO-LO applicants to register on the portal for AEO certification.

Customs (Waiver of Interest) Order, 2023

CBIC has waived the whole of interest payable on failure to pay import duty within the specified time in terms of sub-section (2) of section 47 of the Customs Act, 1962. This waiver will apply for the period from 1st April, 2023 up to and including the 10th April, 2023.

Punjab Liquor License (Second Amendment) Rules, 2023

The rules revise the amount of fixed annual license fee and security in respect of different kinds of licenses. They also introduce a special license fee on Punjab Medium Liquor, Indian Made Foreign Liquor and Imported Foreign Liquor.

Revised Custom Duty Exemptions in Excess of Standard Rates

The notification also extends the exemption to a new category of goods, ‘Drugs, Medicines or Food for Special Medical Purposes (FSMP) used for treatment of rare diseases specified in List 38.’ The notification substitutes the terms “drugs or medicines” with “Drugs, Medicines or Food for Special Medical Purposes (FSMP)”.