Custom Duty Articles, News, Notification and Circular
It has come to the notice of the Board that field formations are insisting on the exporter/owner to submit the BRC/negative statements in person, that even after the exporter has proof of having submitted BRC/negative statement, these documents are asked repeatedly; that the exporter is asked to attend personal hearing despite having submitted BRC/negative statement; and that only the exporter/owner should attend hearing in person.
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Circular No.13 / 2013 – Customs, Dated- 5th April, 2013 Subject: Classification of “Low Noise Block” (LNB) down converter in the harmonised Customs Tariff – regarding. Doubts have been raised regarding classification of Low Noise Block (LNB) down converter which is designed to be mounted on aerial (dish) of a system for receiving satellite broadcasts [...]
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Notification No. 35/2013-Customs (N.T.) , Dated the 4th April, 2013 S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.31/2013-CUSTOMS (N.T.), dated the [...]
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Notification No. 20/2013 – Customs, New Delhi, dated 3rd April, 2013 G.S.R. 203 (E) In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following [...]
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The government has increased the tariff value of gold to 521 dollar per 10 grams, making import of gold in any form costlier. According to an official release however, the tariff value for silver has been lowered to 920 dollar per kg. The base price on which the customs duty is determined to prevent under [...]
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The Department related Parliamentary Standing Committee on Commerce has emphasized that in order to promote export of Agriculture and Processed Food products, the Customs authorities must be sensitized to accord priority clearance to perishable agro products cargo. Accordingly, the Board reiterates that export consignments of perishable agricultural goods should not be examined in a routine manner
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Notification No. 19/2013-Customs New Delhi, dated the 2nd April, 2013 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments [...]
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We have perused the balance sheet of the company placed on record. Year after year company continued to incur huge loss. Balance sheet suggests that there is no manufacturing or other activity being undertaken by the company and with each successive year, accumulated loss swell. In fact net profit of the company is in negative [...]
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NOTIFICATION NO. 3/2013-Cus., (ADD), Dated : March 26, 2013 WHEREAS the designated authority vide notification No. 15/22/2011-DGAD, dated the 24 th February, 2012, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 24th February, 2012, had initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, [...]
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Seeks to amend the notification No.69/2011-Customs, dated 29th July, 2011 – Exemption to goods when imported into India from Japan Notification No. 17/2013 – Customs, dated 26th March, 2013 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on [...]
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