India Customs Act & IGST

HEADLINE: Complex tax structure hindered India's trade efficiency and compliance.

Key Obligations

Bill of Entry filing, IGST payment, BIS certification for regulated goods, FSSAI for food

Penalty Ranges

Up to 5x duty value; criminal prosecution

Mandatory Deadline: 2022-01-01

Affected HS Codes: All HS chapters

Issuing Authority: Central Board of Indirect Taxes and Customs (CBIC)

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