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Self-declaration to ease biz

Mint Kolkata

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February 04, 2025

The amendment enables businesses to self-assess tax obligations and make corrections in case of errors

- Gireesh Chandra Prasad & Rituraj Baruah

The Centre has introduced a major simplification to customs procedures through an amendment in the Finance Bill 2025, aimed at enhancing ease of doing business for importers and exporters. The reform allows businesses to voluntarily revise customs declarations after clearance—either to pay additional duty or claim refunds—without undergoing time-consuming appeal processes.

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Mint Kolkata

Mint Kolkata

Founder Bhavish Aggarwal's changing tunes shake investors' trust in Ola Electric

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Humain invests $3 bn into Elon Musk's xAI

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Mint Kolkata

Mint Kolkata

HUL plans to invest ₹2k cr in 2 yrs to add capacity

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time to read

1 min

February 19, 2026

Mint Kolkata

Mint Kolkata

First foundational Indian AI models launched on Day 3

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time to read

2 mins

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Mint Kolkata

Maruti's EV foray

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1 min

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Mint Kolkata

Mint Kolkata

U.S. hardens allegation that China conducted a secret nuclear test

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time to read

2 mins

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Mint Kolkata

Good rain, GST cut, early Chaitra Navratri to drive record tractor sales

Tills ringing

time to read

2 mins

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Mint Kolkata

Mint Kolkata

JM Financial's new ₹1,500 crore fund eyes pre-IPO bets

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time to read

1 mins

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Mint Kolkata

ICE MT leases GCC space in Pune

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time to read

1 min

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Mint Kolkata

Mint Kolkata

Lagarde set to make early exit from ECB

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time to read

1 min

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