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Searched Tag: central board of indirect taxes and customs cbic

While the government has been nudging companies and industry bodies to ensure that the prices are lowered in line with the reduction in rates, companies have started separately announcing price reductions

GST rejig: CBIC to monitor prices of 54 daily-use items

September 13, 2025, 01:18 PM - 2 min read

From September 22, CBIC officials will prepare comparative logs of prices of items of everyday use for the next six months to ensure GST rate cut benefits are being passed on to customers

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Post the slashing of Goods and Services Tax (GST) rates on nearly 375 items by the GTS Council, any complaints against failure of any industry to pass on the benefits of price reduction to consumers will be taken by the Central Board of Indirect Taxes and Customs (CBIC), said the body’s chairman, Sanjay Kumar Agarwal

CBIC to take up complaints against non-reduction in prices

September 7, 2025, 12:27 PM - 3 min read

The GST law stipulates that trade and industry need to pass on GST cut benefits to customers, for which an anti-profiteering authority has also been set up where consumers can file complaints regarding any non-reduction in prices post GST implementation

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CBIC imposes 10% import duty on mobile display components

CBIC imposes 10% duty on mobile displays

June 8, 2024, 12:41 PM - 2 min read

CBIC announced that certain components of mobile phone display assemblies will attract a 10% import duty, while integrated assemblies with specified components will benefit from a concessional duty rate, aiming to clarify industry confusion and mitigate misdeclaration issues.

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