Categories: Business

Lockdown: Rs 2.14 lakh crore worth of imports approved in 49 days, government gets Rs 28,810 crore in duty

Photo: GOOGLE

Customs clears Rs 2.14 lakh cr worth import orders, collects Rs 28,810 cr duty

new Delhi. The Customs Department approved import of Rs 2.14 lakh crore amid lockdown restrictions for prevention of corona virus epidemic and collected a fee of Rs 28,810 crore during this period. The Central Board of Indirect Taxes and Customs (CBIC), giving details of export and import (EXIM) trade between March 23 and May 10, said that over 2.90 lakh Bill of Entries were filed by importers, while exporters shipped 2.85 lakh shipping. Filed the bill.

CBIC said in a tweet, `2,14,710 crore was imported during this period, while Rs 28,810 crore was charged. The board said that during this period more than 2.47 lakh export orders were issued, while export profit of Rs 7,055 crore was distributed.

In a tweet with the National Technology Day hashtag, CBIC said, "CBIC has leveraged technology to promote ease of business and hassle-free trade during the lockdown period, ensuring compliance with precautions to prevent corona virus infection." It is noteworthy that the lockdown is in force in the country from 25 March. It has been extended twice.

This post was published on May 12, 2020 10:58 am

Content Team

Recent Posts

Domestic fuel demand recover in June Up 11 percent over may

Photo: GOOGLE Fuel demand recover new Delhi. Fuel demand continues to improve after the lockdown imposed in the country due…

Higher off take by FCI due to covid 19 scheme can boost procurement agencies liquidity

Photo: GOOGLE FCI Procurement new Delhi. The operating cash flow (CFO) of the States procurement agencies (SPA) is expected to…

India now second biggest investor in UK

Photo: AP FILE India now second biggest investor in UK new Delhi. Among the countries investing in Britain, India has…