Here in this Article let us discuss how to generate E-Way Bill in case of Import Transactions. E-Way bill is required in the following cases : 1. When Imported Goods are Cleared by Customs from Inland Container Depot (ICD) / Container Freight Station (CFS) for Home Consumption and are being Transported to any of the Business Places of Importer.
e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of Section 68 of the Goods and Services Tax Act read with Rule 138 of the rules framed thereunder.
Impressive gains scored by India on the Ease of Doing Business Index for 2018, by broking into the top 100 in the World Bank’s latest rankings, notching up the biggest improvement among all countries on the back of big gains on a number of measures. The rise to the 100th position from 130th the previous year made India one of the top 10 best-improved countries, which the Modi government celebrated as an emphatic endorsement of its economic reforms. The ranking is made considering various factors like starting a business, dealing with construction permits, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
Job work is a well-established norm where a large number of industries are dependent on outside support for completing their manufacturing activities. Job work is the processing or working on goods supplied by another person / entity to complete a part or whole of the process. Job work can be undertaken for the initial process, intermediate process, assembly, packing or any other completion process or complete manufacturing.
Duty Free Shops (or stores) are retail outlets at Departure or Arrival Terminals of International Airports that stocks a wide range of products and brands in the categories of liquors, chocolates, perfumes and cosmetics, tobacco, fashion accessories and electronics
Customs Procedure for Export of Cargo in Containers and Closed bodied Trucks from ICDs/CFSs through Land Customs Stations (LCSs) for Export to Nepal, Bangladesh, Bhutan Adoption of ECTS Seal.
Cost of Quality (COQ) can be defined as Costs associated with quality-related efforts and deficiencies – these include assuring, preventing, detecting, and remediating product issues related to quality. Quality involves in creating, maintaining, upgrading and delivering a product having some standards that meets or exceeds the expectations of the customers.
The GST Council at its 24th meeting held on 16th December’2017 on an urgent meeting through video conferencing to discuss implementation of e-way bill system under the Goods and Services Tax (GST) regime approved Mandatory Compliance of e-Way Bill.
Goods and Services Tax (GST) is a Value Added, Multi-Point, Destination Based, Dual Taxation System aim to eliminate Double Taxation / Cascading Effect of several indirect taxes like VAT, CST, Central Excise Duty, Service Tax etc.
Chapter IX of the Customs Act, 1962 provides for deposit of goods into a customs bonded warehouse licensed under section 57 or 58 or 58A without payment of duty and the procedures to be followed with respect to the warehoused goods. Sub-section (5) of section 59 provides that the importer is at liberty to transfer the ownership of such goods to another person while the goods remain deposited in the warehouse. Trade has expressed doubts over applicability of GST when such Transfer of Ownership takes place, while the goods remain deposited in the warehouse. To clarify the issue CBEC issued a Circular No. 46/2017-Customs; Dated 24th November 2017. The essence of the Circular decoded here in this article:
