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India needs a comprehensive overhaul of its import tariff structure and customs administration to reduce trade costs, improve manufacturing competitiveness and revive export growth, think tank Global Trade Research Initiative (GTRI) said on Saturday, PTI reported. In a report titled A Blueprint for Modernizing India’s Import Tariffs and Customs Regime, GTRI recommended a gradual move…
One of Buddha’s core teachings is the principle of impermanence (anicca). Nothing stays the same – our emotions, relationships, possessions, even our body and mind. Holding on too tightly – to success, comfort, identity, or people – often leads to suffering. But when we accept that change is natural, we become more flexible, resilient, and…
The Central Board of Indirect Taxes and Customs (CBIC) is working on a mechanism to introduce a monetary limit for issuing GST demand notices, in a bid to reduce unnecessary disputes and avoid notices being issued on flimsy grounds, PTI reported citing a senior official on Tuesday.Shashank Priya, Member, CBIC, said the board will soon…
