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Ministry of Corporate Affairs and CBIC sign MoU Delhi for data exchange

Ministry of Corporate Affairs and CBIC sign MoU Delhi for data exchange

  • The Ministry of Corporate Affairs and Central Board of Indirect Taxes and Customs signed a Memorandum of Understanding in New Delhi for data exchange between the 2 organisations. 
  • It is in line with the vision of both organisations to harness data capabilities to ensure effective enforcement. 
  • Both are going to benefit from access to each other’s databases which include details of import-export transactions and consolidated financial statements of companies registered in the country.