Beware the quantum computers
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
The Central Board of Indirect Taxes & Customs (CBIC) has relaxed the norms for import and export of Covid-19 vaccines through courier.
CBIC operates under the Finance Ministry and is responsible for formulation and implementation of policies related to Central Goods & Service Taxes (CGST), Central Excise Duty and Custom/Import Duty.
The board has amended the Courier Imports and Exports (Electronic Declaration and (Processing) Amendment Regulations. Accordingly, import and export of Covid-19 vaccines have been allowed without any value addition. Since the vaccines will be imported in durable containers equipped with the requisite temperature and monitoring and tracking devices, provision has been made to facilitate temporary importation and re-exportation of durable containers.
“Care should be taken to ensure compliance with the procedure, including execution of continuity bond, declaration of the durable containers and accessories as a separate item in the Customs declarations during import and re-export,” the circular said. Further, importers have been advised to indicate unique identifier of the containers and accessories.
It has also been decided to form a Task Force for efficient clearances of vaccines. “Since multiple stakeholders will be involved in the process of clearance of the vaccines, effective co-ordination among the stakeholders would be necessary. Commissioners in charge of the International Courier Terminals, where ECCS (Express Cargo Clearance System) is in operation, are therefore requested to immediately form a Task Force, headed by an officer of the rank of Joint/Additional Commissioner and comprising officials from various stakeholders,” the circular said.
India is getting ready for vaccination. Though most of the supply is expected to arise from domestic manufacturers, imports will also play a key role in this process. Major international airports have already put a system in place for storage and transportation of the vaccines.
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Rocketship’s Anand Rajaraman on getting pitches from places like Rameswaram and Patna
Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies
Ably skippered by N Srinivasan, India Cements is upping its post-Covid-19 game by expanding capacity
Three-in-one: Passive debt funds come at a low cost and have high-quality portfolios. Some offer return ...
Trend in the rupee movement and Q4 earnings can give direction to the market
There is room for improvement in fund transfer options
Silver looks positive but lacks the higher volumes required to substantiate bullishness
Murder is a theme that is unlikely to darken and yellow with time, the writer Truman Capote had once said.
Expect the unexpected when musicians of different traditions come together for a duet
On Ugadi, the Telugu New Year Day, a chronicler recalls slices of an isolated year gone by and realises that ...
In her novel based on the life of Rani Jindan Kaur, author Chitra Banerjee Divakaruni crafts a hero for the ...
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor