Tax Submissions Customs- US-India Tax Forum

Recommendations to address difficulties emerging from Customs Circular on classification of telecommunication products and equipment submitted to Department of Telecommunications

Inputs for 17th meeting of All India Customs Consultative Group

Request for extension of implementation of Circular requiring additional declarations for import/ export of specified chemicals

Amendments to MOOWR Scheme under Customs: Submission highlighting industry feedback and consequent impact on manufacturing-related investments in India.

Issues in availing benefits under RoDTEP Scheme.

Forum makes submission to office of Directorate of International Customs summarising on-ground challenges at various ports.

US-India Tax Forum submitted its Pre-Budget Memorandum(s) to the Tax Planning Legislation Unit (for Direct Taxes) and Tax Research Unit (for Indirect Taxes – Customs) of the Ministry of Finance based on inputs received from more than 30 member companies across various sectors. Our recommendations cover duty rate changes, ease of compliance, ease of doing business, suggestions to reduce tax litigation, leveraging technology for tax administration etc., amongst other procedural and legislative changes. For further details, please write to Anikha Ashraf at aashraf@usinfoundation.org

The Forum submitted industry feedback/comments on the draft Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2022 framed by the Central Board of Indirect Taxes & Customs. The Rules would operationalize an amendment made by the Finance Act, 2022 to the provisions governing valuation of certain categories of goods being imported.

The Forum submitted inputs on behalf of its members for listing in the agenda of 16th meeting of All India Customs Consultative Group.