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Tax treatment of imported goods stored in a warehouse and sale made therefrom, has always been an apple of discord in Indirect Taxation which continues to trouble our courts very bitterly. It has been witnessed that stand of Department in this issue has remained fairly unchanged as they have always maintained the position that in such sit...
Read MoreWhen India is going through a period of economic slowdown, it faces another setback as the World Trade Organisation (WTO) dispute settlement panel has held that the country’s domestic export subsidy programmes under Foreign trade policy are illegal and violates, WTO rules. The three member dispute settlement panel rejected IndiaR...
Read MoreCentral Board of Indirect Taxes and Customs (CBIC) has recently issued Notification Notification 69/2019-Customs (N.T.) dated 01 October 2019. Please find below brief of the update for your reference. This notification has been issued to issue new regulation namely “Manufacture and Other Operations in Warehouse (no. 2) Regu...
Read MoreAEO is a voluntary programme. It enables Indian Customs to enhance and streamline cargo security through close cooperation with the principle stakeholders of the international supply chain viz. importers, exporters, logistics providers, custodians or terminal operators, custom brokers and warehouse operators. The Circular 33/2016 – Cust...
Read MoreAbout AEO AEO is a program under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate Global Trade. The programs aim is to enhance international supply chain security and facilitate movement of legitimate goods. AEO is a voluntary compliance program. It enables Indian Customs to enhance an...
Read MoreGovernment has removed 5% Basic Custom Duty (BCD) on open cell (15.6 and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV Panels vide Notification No. 30/2019-Customs dated 17.09.2019, till September 2020....
Read MoreFinance Minister Launches two new IT Initiatives -ICEDASH & ATITHI for improved monitoring and pace of Customs clearance of imported goods and facilitating arriving international passengers. ICEDASH : Ease of Doing Business monitoring dashboard of the Indian Customs helping public see the daily Customs clearance times of import cargo. ATI...
Read MoreCentral Board of Indirect Taxes and Customs has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India through manufacture and other operations under bond scheme, under Customs Act, 1962. Section 65 of the Customs Act, 1962 enables conduct of manufacture and other operations in a cus...
Read MoreThe Central Bureau of Investigation has arrested an Appraising officer, Duty Drawback Section, Air Cargo Complex, Mumbai for demanding and accepting a bribe of Rs.10,000/- from the complainant....
Read MoreGovernment of India compulsorily retires 15 Senior Officers of the Indian Revenue Service (C &CE) with immediate effect In exercise of the powers conferred by Clause (j) of Rule 56 of the Fundamental Rules, the President of India has retired 15 officers of Indian Revenue Service (IRS)(C&CE) in public interest with immediate effe...
Read MoreGlobal United Shipping India (P) Ltd. Vs Assistant Commissioner of Customs (Refund) (Madras High Court) - It is to be noted that right to credit or forfeit such deposit would arise only after determination of the liability to pay the 'duty'. On the other hand, the right over the duty so paid is instant on the revenue and not a postponed entitlement....
Read MoreTexool Wastesavers Vs C.C (CESTAT Ahmedabad) - Texool Wastesavers Vs C.C (CESTAT Ahmedabad) Relying on the permission which was granted in terms of project report made before the Development Commissioner, which stated that the SEZ unit was permitted to import garments that were almost new but could be out of fashion in terms of time as far as th...
Read MoreShri. Haji Sumar Vs The Commissioner of Customs (CESTAT Chennai) - Shri. Haji Sumar Vs Commissioner of Customs (CESTAT Chennai) CESTAT Chennai has held that the transaction value adopted by the importer cannot be rejected merely based on export declarations received from Turkish Customs, public ledger and Commodity Trade Statistics Data (Comtrade). Shri. Haji Sum...
Read MoreM/s Genuine Copier Systems Vs Union of India and Ors. (Punjab and Haryana High Court) - The issue in these writ petitions is whether multi-function devices (MFDs) are covered under the term 'printers'. This dispute has arisen in view of the document Annexure P-12 by a clarification which was issued by way of Circular No.1 of 2019 dated 2.5.2019 as per which it was 'clarified' that mult...
Read MoreM/s. ECOM Gill Coffee Trading Pvt. Ltd. Vs Commissioner of Customs (CESTAT Chennai) - CESTAT Chennai has held that late fee imposed on the appellant for delay in filing of Bill of Entry was not proper, since the delay had occurred only because the original importer had failed to clear the goods....
Read MoreInstruction No. 05/2019-Customs - (11/12/2019) - In order to meet the international Anti-Money Laundering (AML) obligations and FATF recommendations the Union Government has brought several legislative changes to streamline the enforcement of PLMA and to make it more effective. In view of the above, ED has devised new reporting formats, namely, ML...
Read MoreNotification No. 65/2019-Customs (N.T./CAA/EXTENSION/DRI) - (11/12/2019) - Notification No. 65/2019-Customs (N.T./CAA/EXTENSION/DRI) – Dated: 11th December, 2019- Appointment of CAA by DGRI – reg Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 65/201...
Read MoreInstruction No.-05/2019-Customs - (11/12/2019) - Attention is invited to this office letter of even no. dated 02.03.2017 vide which it was requested that cases involving action under Section 135 of Customs Act, 1962, where total value involved is Rs. 30 lakhs or more, may be reported to Enforcement Directorate (ED) in the prescribed ML-I and ML-II...
Read MoreNotification No. 45/2019-Customs (ADD) / G.S.R. 905(E) - (10/12/2019) - Seeks to impose anti-dumping duty on imports of Clear float glass originating in or exported from Pakistan, Saudi Arabia and UAE in pursuance of Final findings of Designated Authority in sunset review of notification No. 48/2014-Customs (ADD) dated 11.12.2014 vide Notification No. 45/2019-Customs (A...
Read MoreNotification No. 89/2019 – Customs (N.T.)/G.S.R. 904(E) - (10/12/2019) - Appointing the date for enforcing section 88 (b) of the Finance (No. 2) Act, 2019 to bring out the changes in the First Schedule to the Customs Tariff Act, 1975 vide Notification No. 89/2019 – Customs (N.T.) Dated 10th December, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (...
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Instruction No. 05/2019-Customs - (11/12/2019) -
Notification No. 65/2019-Customs (N.T./CAA/EXTENSION/DRI) - (11/12/2019) -
Instruction No.-05/2019-Customs - (11/12/2019) -
Notification No. 45/2019-Customs (ADD) / G.S.R. 905(E) - (10/12/2019) -
Notification No. 89/2019 – Customs (N.T.)/G.S.R. 904(E) - (10/12/2019) -
Case No. (O.I.) 21/2019 - (09/12/2019) -
Notification No. 88/2019-Customs (N.T.) - (05/12/2019) -
Global United Shipping India (P) Ltd. Vs Assistant Commissioner of Customs (Refund) (Madras High Court) -
Texool Wastesavers Vs C.C (CESTAT Ahmedabad) -
