Custom Duty Notifications

Direct and Indirect tax updates for 1st March to 15th March 2017

Custom Duty - Application for allotment of Permanent Account Number(PAN) will be filed in SPICe (INC-32) form using Digital Signature of the applicant as specified by the Ministry of Corporate Affairs. After generation of Corporate Identity Number (CIN). MCA will forward data in form 49A to prescribed Income Tax Authority through digital signature. ...

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Winding up of companies by a tribunal- Comparison with Earlier Act

Custom Duty - Article compares differences between Companies Act 2013 and Companies Act, 1956 in respect of wound up of a Company by National Company Law Tribunal. Article Compares Section recently notified Section 271, 273, 274, 275, 277, 280, 281,287,302,332,336,337,338, 339(3), 342, 344, 348(7), 352, vide notification no. S.O. 3677(E) dated 07.12.20...

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All about Single Window Concept in Indian Customs

Custom Duty - Indian Customs has introduced the concept of single window for the clearance of import and export goods. In simple terms, Single Window essentially means providing a common platform to import or export trade to meet requirements of all regulatory agencies...

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Difference between Tariff and Non-Tariff Notifications

Custom Duty - Tariff Notification is a notification which contains matters relating to tariff i.e. rate of duty. In other words, any notification having impact on effective rate of duty or in other words, providing for lower rate of duty (i.e. effective rate of duty) than the prescribed tariff rate of Central Excise duty/Customs duty, would be termed a...

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Interim Budget 2014 – Amendment in Central Excise Duty

Custom Duty - The general excise duty on all machinery & equipment, appliances etc and parts thereof falling under Chapters 84 and 85 of the Central Excise Tariff has been reduced from 12% to 10%. The existing duty concessions, whether by way of tariff entry or notifications, will continue to be available as before [Sl.No.345 and 346 of the Table of no...

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Proposal to amend Customs Valuation (Determination of Price of Imported Goods) Rules, 2007

Custom Duty - The Central Govt. proposes to consider the following amendments to the Customs Valuation (Determination of Price of Imported Goods) Rules, 2007...

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Delayed, incomplete or incorrect filing of Import Manifest or Import Report

Custom Duty - It was provided that need for adjudication will arise only in cases of major amendment involving fraudulent intention or substantial revenue implication. It was the view of the CBEC that the penal action is not initiated mechanically in all cases of IGM amendment and that due consideration may be given to the circumstances of amendment....

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Advisory on the Rebate of State Levies on Textiles Scheme (ROSL)

Custom Duty - In the ROSL scheme, the Central Govt. provides rebate of State levies comprising of State VAT/CST on inputs including packaging, fuel, duty on electricity generation and duties and charges on purchase of grid power, as accumulated through the stages of production from yarn to finished garments. ...

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Advisory on Special Advanced Authorisation Scheme

Custom Duty - Attention of Importers/Exporters/Trade/CBs is invited to CBEC Board Circular No.037/2016-Cus dt.13th August 2016 on introduction of Special Advanced Authorisation Scheme in combination with AIR drawback under para 4.04A of FTP 2015-20...

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Survey funds CSI Airport, Mumbai better than Airports across the world

Custom Duty - Asked to rate their experience of Mumbai Customs vis-a-vis other international Airports across the world, 69% rated their experience with Mumbai airport customs as better or somewhat better than other international airports, 15% rated on par and about 16% felt, it was worse....

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Notification No. 10/2017-Customs (ADD), Dated: 24.03.2017

Notification No.10/2017-Customs (ADD) - (24/03/2017) - Seeks to order provisional assessment on imports of 1,1,1,2-Tetrafluoroethane or R-134a, originating in or exported from People's Republic of China by M/s. Zhejiang Sanmei Chemical Ind. Co., Ltd....

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Anti-dumping duty on imports of Indolinone from China

Notification No. 9/2017-Customs (ADD) - (24/03/2017) - Seeks to impose anti-dumping duty on the imports of Indolinone originating in or exported from the People's Republic of China up to and inclusive of 20th November, 2019....

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Reduction in basic customs duty from 30% to 10% on sunflower seeds

Notification No. 9/2017-Customs - (23/03/2017) - Amendment to Notification No.12/2012-Customs, so as to reduce the basic customs duty from 30% to 10% on sunflower seeds falling under tariff item 1206 00 90 [i.e. other than of seed quality] for the purposes extraction and refining of oil subject to actual user condition, for the period from 1st Apr...

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Hazira (Surat) Port included in ports mentioned in EP Schemes

Notification No. 08/2017-Customs - (23/03/2017) - Inclusion of Hazira (Surat) Port in the list of ports mentioned in Export Promotion (EP) Schemes Notifications vide Notification No. 08/2017-Customs, dated 23rd March, 2017...

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Leggings (knitted or. crocheted) merit classification under CTH 6115

Instruction no. 4/2017-Customs - (21/03/2017) - CESTAT in the case of Commissioners of Customs, Tuticorin Vs. Go Fashions (I) Pvt. Ltd had held the leggings akin to tights and accordingly classified them under CTH 6115. An earlier ruling of the Government of India also held the same....

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Recent Posts in "Custom Duty Notifications"

Notification No. 10/2017-Customs (ADD), Dated: 24.03.2017

Notification No.10/2017-Customs (ADD) (24/03/2017)

Seeks to order provisional assessment on imports of 1,1,1,2-Tetrafluoroethane or R-134a, originating in or exported from People's Republic of China by M/s. Zhejiang Sanmei Chemical Ind. Co., Ltd....

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Anti-dumping duty on imports of Indolinone from China

Notification No. 9/2017-Customs (ADD) (24/03/2017)

Seeks to impose anti-dumping duty on the imports of Indolinone originating in or exported from the People's Republic of China up to and inclusive of 20th November, 2019....

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Reduction in basic customs duty from 30% to 10% on sunflower seeds

Notification No. 9/2017-Customs (23/03/2017)

Amendment to Notification No.12/2012-Customs, so as to reduce the basic customs duty from 30% to 10% on sunflower seeds falling under tariff item 1206 00 90 [i.e. other than of seed quality] for the purposes extraction and refining of oil subject to actual user condition, for the period from 1st April, 2017 to 30th September, 2017....

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Hazira (Surat) Port included in ports mentioned in EP Schemes

Notification No. 08/2017-Customs (23/03/2017)

Inclusion of Hazira (Surat) Port in the list of ports mentioned in Export Promotion (EP) Schemes Notifications vide Notification No. 08/2017-Customs, dated 23rd March, 2017...

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Leggings (knitted or. crocheted) merit classification under CTH 6115

Instruction no. 4/2017-Customs (21/03/2017)

CESTAT in the case of Commissioners of Customs, Tuticorin Vs. Go Fashions (I) Pvt. Ltd had held the leggings akin to tights and accordingly classified them under CTH 6115. An earlier ruling of the Government of India also held the same....

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Rebate of State Levies (RoSL) on Export of made-up articles

Circular No. 8/2017 - Customs (20/03/2017)

The Government of India has decided to extend the RoSL on garment exports to exports of made-up articles covered under Chapter 63 of the AIR Drawback schedule. ...

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Direct and Indirect tax updates for 1st March to 15th March 2017

Application for allotment of Permanent Account Number(PAN) will be filed in SPICe (INC-32) form using Digital Signature of the applicant as specified by the Ministry of Corporate Affairs. After generation of Corporate Identity Number (CIN). MCA will forward data in form 49A to prescribed Income Tax Authority through digital signature. ...

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Posted Under: Custom Duty |

Errors in bank details given by exporters for claiming export incentives

Instructions no. 3/2017-Customs (16/03/2017)

At times errors exist in Bank account number, IFSC code, etc. given by exporters, which leads to rejection of claim for payment of Duty Drawback by the local bank authorities....

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Rate of exchange of conversion of foreign currency WEF 17.03.2017

Notification No. 22/2017-Customs (N.T.) (16/03/2017)

CBEC hereby determines rate of exchange of conversion of each of foreign currencies WEF 17th March, 2017 vide Notification No. 22/2017-Customs (N.T.) dated: 16/03/2017...

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Provisional assessment on imports of Phosphoric Acid-Technical & Food Grade

Notification No. 8/2017-Customs (ADD) (15/03/2017)

Seeks to order provisional assessment on imports of Phosphoric Acid-Technical Grade and Food Grade (including Industrial Grade), originating in or exported from People's Republic of China by M/s. Guangxi Quinzhou Capital Success Chemical Co. Ltd. (producer or exporter) into India till the finalization of New Shipper Review initiated by DG...

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