Custom Duty Notifications

Direct and Indirect tax updates for 16st March to 31st March 2017

Custom Duty - CBDT has vide notification No. 21/2017 released ITR forms for Assessment Year 2017-18 / Financial Year 2016-17. The number of ITR Forms have been reduced from the existing nine to seven forms. The existing ITR Forms ITR-2, ITR-2A and ITR-3 have been rationalized and a single ITR-2 has been notified in place of these three forms. Consequen...

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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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Director of Visakhapatnam hotel arrested for failure to pay Service Tax

Custom Duty - Managing Director of a popular hotel of Visakhapatnam was arrested and remanded to judicial custody today for the failure to remit to the government an amount of Rs. 3 crores of service tax which was collected during the years 2011-16....

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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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Exemption from drawal of samples to grant drawback to AEO certificate holders

Circular No. 18/2017-Customs - (29/05/2017) - It has been decided to extend the exemption from the requirements of drawal of samples for the purpose of grant of drawback to Authorized Economic Operator (AEO) holding Tier-I certificate, except in case of any specific information or intelligence....

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CBEC notifes Valmikinagar in West Champaran, Bihar as a Land Customs Station

Notification No. 50/2017-Customs (NT) - (24/05/2017) - Amendment to notification 63/94-Customs (N.T), dated 21.11.1994 so as to notify Valmikinagar in West Champaran District, Bihar as a Land Customs Station....

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Notification No. 21/2017-Customs, Dated: 22.05.2017

Notification No. 21/2017-Customs - (22/05/2017) - Whereas the notification no. 09/2012-Cus dated the 9th March, 2012 of the Government of India, Ministry of Finance, Department of Revenue did not allow benefit of duty free import of cut and polished diamonds exported abroad for certification and grading, by authorised offices/ agencies in India of ...

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Customs Rate of foreign currency exchange WEF 19th May, 2017

Notification No. 49/2017-Customs (N.T.) - (18/05/2017) - Indian currency or vice versa, shall, with effect from 19th May, 2017, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods....

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Anti-dumping duty, on imports of Aluminium Foil from China

Notification No. 23/2017-Customs (ADD) - (16/05/2017) - Seeks to levy definitive anti-dumping duty, on imports of Aluminium Foil originating in or exported from China PR vide Notification No. 23/2017-Customs (ADD) dated 16.05.2017 ...

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Recent Posts in "Custom Duty Notifications"

Exemption from drawal of samples to grant drawback to AEO certificate holders

Circular No. 18/2017-Customs (29/05/2017)

It has been decided to extend the exemption from the requirements of drawal of samples for the purpose of grant of drawback to Authorized Economic Operator (AEO) holding Tier-I certificate, except in case of any specific information or intelligence....

Read More

CBEC notifes Valmikinagar in West Champaran, Bihar as a Land Customs Station

Notification No. 50/2017-Customs (NT) (24/05/2017)

Amendment to notification 63/94-Customs (N.T), dated 21.11.1994 so as to notify Valmikinagar in West Champaran District, Bihar as a Land Customs Station....

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Notification No. 21/2017-Customs, Dated: 22.05.2017

Notification No. 21/2017-Customs (22/05/2017)

Whereas the notification no. 09/2012-Cus dated the 9th March, 2012 of the Government of India, Ministry of Finance, Department of Revenue did not allow benefit of duty free import of cut and polished diamonds exported abroad for certification and grading, by authorised offices/ agencies in India of laboratories mentioned under para 4.74 o...

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Director of Visakhapatnam hotel arrested for failure to pay Service Tax

Managing Director of a popular hotel of Visakhapatnam was arrested and remanded to judicial custody today for the failure to remit to the government an amount of Rs. 3 crores of service tax which was collected during the years 2011-16....

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Posted Under: Custom Duty |

Customs Rate of foreign currency exchange WEF 19th May, 2017

Notification No. 49/2017-Customs (N.T.) (18/05/2017)

Indian currency or vice versa, shall, with effect from 19th May, 2017, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods....

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Anti-dumping duty, on imports of Aluminium Foil from China

Notification No. 23/2017-Customs (ADD) (16/05/2017)

Seeks to levy definitive anti-dumping duty, on imports of Aluminium Foil originating in or exported from China PR vide Notification No. 23/2017-Customs (ADD) dated 16.05.2017 ...

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Anti-dumping duty on import of Amoxycillin

Notification No. 21/2017-Customs (ADD) (16/05/2017)

Seeks to levy definitive anti-dumping duty on import of Amoxycillin originating in or exported from China PR for a period of five years (unless revoked, superseded or amended earlier) in pursuance of final findings of the Directorate General of Anti-Dumping and Allied Duties....

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Notification No. 20/2017-Customs Dated: 16th May, 2017

Notification No. 20/2017-Customs (16/05/2017)

Seeks to amend notification no. 12/2012-customs dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega po...

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Expanded schedule of tariff preferences under India-Chile PTA)

Notification No. 19/2017-Customs (16/05/2017)

Seeks to amend Notification No. 101/2007 – Customs dated 11th September 2007 so as to notify the expanded schedule of tariff preferences under the India-Chile Preferential Trade Agreement (PTA)....

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Notification No. 48/2017 – Customs (N.T.) Dated: 16.05.2017

Notification No. 48/2017 - Customs (N.T.) (16/05/2017)

Seeks to amend the Customs notification No. 84/2007-Customs (N.T.) dated 17th August, 2007 to give effect to the amendments to Rules of Origin of India-Chile PTA...

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