Notification No. 07/2023-Central Excise [G.S.R. 81(E).] -
03/02/2023
Vide Notification No. 07/2023-Central Excise, Dated: 03.02.2023 Government increases Special Additional Excise Duty on Diesel to Rs. 6.00 per litre with effect from 4th day of February, 2023 from existing Rs. 3.50 per litre....
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Notification No. 06/2023-Central Excise, [G.S.R. 80(E).] -
03/02/2023
Government increases Special Additional Excise Duty from 4th day of February, 2023 on production of Petroleum Crude to Rs. 5050 per tonne from 1900 per tonne and to Rs. 6 per litre from Rs. 3.50 per litre on export of Aviation turbine Fuel vide Notification No. 06/2023-Central Excise, Dated: 03.02.2023 MINISTRY OF FINANCE (Department ...
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1. Background: 1.1 Prior to adoption of the SAFE Framework by WCO in 2005, Customs administration all over the world including India, were already implementing various forms of Customs compliance programmes which focused on traditional areas of Customs requirements, and which can also be considered as trade facilitation programmes, based...
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1. Introduction: 1.1 Central Board of Indirect Taxes and Customs (CBIC), In exercise of the powers conferred by clause (k) of section 157, read with section 99A and clause (ii) of subsection (2) of section 158, of the Customs Act, 1962 (52 of 1962) and in supersession of the On-site Post Clearance Audit at the […]...
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1. Introduction: 1.1 The Citizen’s Charter of the Department envisions that the Customs & Central Excise officers shall carry out their assigned tasks with integrity and judiciousness; courtesy and understanding; objectivity and transparency; promptness and efficiency. The officers are committed to providing every possible assis...
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1. Introduction 1.1 Like any other taxation statue, the Customs Act contains detailed provisions for judicial review, for resolution of disputes, by way of appeals and review. The various appellate authorities are Commissioner (Appeal), Revision Authority, Customs Excise and Service Tax Appellate Tribunal (CESTAT), High Court and the Supr...
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1. Introduction: 1.1 Persons involved in import or export activity in violation of prohibitions or restrictions in vogue or with the intent to evade duties or fraudulently claim export incentives are liable for strict penal action under the Customs Act, 1962. The offending goods can be confiscated and heavy fines and penalties imposed on ...
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1. Introduction 1.1 Section 146 of the Customs Act, 1962 states that no person shall carry on business as an agent relating to entry or departure of a conveyance or the import or export of goods at any Customs station unless such person holds a licence granted in this behalf in accordance with regulations made […]...
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1. Introduction: 1.1 The Public Accounts Committee (PAC) in its 27th Report (2005-06) recommended formulating appropriate legal provisions and guidelines to control the activities of custodians. In pursuance of these recommendations, the Government inserted a new Section 141(2) to the Customs Act, 1962 and thereafter under its authority ...
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1. Introduction 1.1. An Inter-Ministerial Committee (IMC) under ministry of Commerce and Industry was constituted in 1992 to act as a single window for clearance of proposals to set up Inland Container Depots (ICDs), Container Freight Stations (CFSs) and Air Freight Stations (AFSs). The Ministry of Commerce and Industry Guidelines, 1992 p...
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