Customs
Customs duties, classification, valuation and trade-related rulings.
Smartphone Screen Protectors Now Need BIS-Standard Certification: CBIC’s Customs Instruction on the New IS 19348:2025 Mandate
CBIC has instructed Customs field formations on MeitY’s new mandatory IS 19348:2025 standard for smartphone screen protectors, effective 1 April 2027. Prepared by Finoscape Editorial Team.
9 Oct 20263 min read
Read MoreSupreme Court Quashes ₹425-Crore Customs Penalty Built on AI-Hallucinated Case Law
The Supreme Court has quashed a ₹425.27 crore Customs penalty after finding the adjudicating officer relied on non-existent, fake-cited and AI-hallucinated case law — the third such ruling Finoscape has covered in 2026.
8 Sept 20268 min read
Read MoreCBIC Eases EMI Scheme Documentation; Sets Mandatory Import Checklists for Cosmetics, Drugs & Medical Devices
CBIC’s Circular Nos. 39/2026 and 40/2026-Customs, both dated 3 September 2026, cut EMI Scheme application documents from 10 to 3 and prescribe mandatory Residual Shelf Life and licensing checklists for importing cosmetics, drugs and medical devices.
7 Sept 20267 min read
Read MoreCBIC Launches National Assessment Centre Portal for Uniform Customs Assessment
CBIC’s Circular No. 41/2026-Customs launches the National Assessment Centre Portal (naccustoms.gov.in), a common digital repository of NAC decisions, CAAR rulings and classification guidance aimed at reducing inconsistent Customs assessment across ports.
7 Sept 20265 min read
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