Central Board of Indirect Taxes and Customs : In News
In line with the Union Budget 2025–26, the Central Board of Indirect Taxes and Customs (CBIC) has introduced major trade facilitative measures for Air Cargo and Transhipment to enhance logistics efficiency and simplify customs procedures.
- CBIC is part of the Department of Revenue, under the Ministry of Finance.
- It administers:
- Customs, Central Excise, CGST, IGST, and Narcotics (where applicable).
- Policy formulation related to levy and collection of indirect taxes.
- Custom Houses, Excise & GST Commissionerates, and Revenue Laboratories.
- CBIC manages customs at: International Airports, Seaports, Air Cargo Stations, ICDs, LCSs, CFSs, and SEZs
- The CBIC is headed by a Chairman, supported by Chief Commissioners and Director Generals across various zones.
- It also operates a GST Intelligence Wing to monitor and prevent tax evasion.
