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Ministry of Textiles had notified a new scheme called Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) on export of garments and made-ups vide Notification No. 14/26/2016-IT (Vol II) dated 7th March, 2019, w.e.f. 7th March, 2019. RoSCTL Scheme shall remain in force up to 31.03.2020. Old scheme ROSCTL shall be discontinued....
Read More1. One of the important feature proposed in the Budget 2020 under Customs Law is the implementation of the system of Duty Credit Ledger. Sec. 51B is proposed to be inserted in the Customs Act, 1962 to implement the same. Said provisions reads as under: “51B. (1)The Central Government may, by notification in the Official […]...
Read MoreHealth Cess on Medical Devices falling under Heading 9018-9022 are being announced in the Budget’2020. The Health Cess @ rate of 5% shall be Levied with effect from 2nd Feb’2020....
Read MoreConsidering the findings of the Apex Court in Commissioner of Central Excise, Bolpur v. Ratan Melting and Wire Industries it is clear that Circulars cannot prevail over the statute. Circulars are issued only to clarify the statutory provision and it cannot alter or prevail over the statutory provision. In such circumstances, it is clear ...
Read MoreTerminal Handling Charge (THC) is currently levied by the port terminals on the shipping lines for services such as unloading cargo containers from the ship and carting them to the storage yard in case of imports and vice versa for exports. THC is charged by both the load port and discharge port and that is […]...
Read MoreNotice calling for suggestions, views, comments etc. from stakeholders on Faceless e-Assessment for imported goods The general public and the trade at large are hereby informed that CBIC is planning to launch Faceless e-Assessment for imported goods. A detailed Concept Paper on Faceless e-Assessment is enclosed. All members of the trade/ ...
Read MoreCentral Board of Indirect Taxes and Customs (CBIC) destroys large quantities of narcotics and psychotropic drugs and substances across the country Dealing a debilitating blow to the smugglers of Prohibited narcotics and Psychotropic Drugs and Substances, the Customs formations under the CBIC carried out an all India destruction of huge qu...
Read MoreKeeping with the Government’s objective of furthering ease of doing business, particularly in trading across borders, the Central Board of Indirect Taxes and Customs has introduced Machine based automated clearance of imported goods....
Read MoreArticle contains Explanatory Memoranda to Notification Nos. 01/2020-Customs to 12/2020-Customs, dated 2nd February, 2020, Explanatory Memoranda to Notification Nos. 09/2020-Customs (N.T.) to 10/2020 and Explanatory Memorandum to Notification No. 01/2020-Customs (SG), dated 2nd February, 2020. Explanatory Memoranda to Notification Nos. 01/...
Read More5% Health Cess proposed to give impetus to the Domestic Medical Equipment Industry; proceeds to be used for creating health infrastructure in aspirational districts Anti-dumping duty on PTA being abolished in the larger public interest Basic customs duty on imports of news print and light-weight coated paper proposed to be reduced from ...
Read MorePrince Spintex Pvt. Ltd. Vs Union of India (Gujarat High Court) - Prince Spintex Pvt. Ltd. Vs Union of India (Gujarat High Court) Chapter 5 of the Foreign Trade Policy, 2015-2020 makes provision for the EPCG Scheme, which is an incentive scheme. The incentive given is that the importer holding a valid authorisation for capital goods covered under the EPCG Scheme w...
Read MoreCommissioner of Customs Vs MMTC Limited (CESTAT Hyderabad) - The sale of goods was not a high sea sales which was affected after clearing from the Customs. Otherwise, NTPC, the buyer would have filed the Bill of Entry and cleared the goods. The mere fact that the bids for import were finalised by the respondent (MMTC) after approval of NTPC, would not change ...
Read MoreSPL Technologies Pvt. Ltd. Vs Principal Commissioner of Customs (Import) (CESTAT Delhi) - CESTAT Delhi has held that mere cabling of various parts of agricultural machine (laser level transmitter, laser receivers, control boxes connecting cables and rechargeable battery packs) so as to let them function as a complete machine does not amount to manufacture and hence benefit of Sl. No. 399...
Read MorePCL Oil & Solvent Limited Vs Commissioner of Customs (CESTAT Ahmedabad) - CESTAT Ahmedabad has held that Para 4.28(f) of Handbook of Procedure, 2004-09 relating to regularization of bonafide default by exporters using Advance Authorisations, cannot be applied straight away to normal imports where export obligations have been fulfilled....
Read MoreMaxim Tubes Company Pvt. Ltd. Vs Union of India (Gujarat High Court) - Gujarat High Court has quashed the ‘pre-import condition’ under Advance Authorisation regarding prior imports for manufacture of export goods. It observed that such condition, after introduction of GST, lead to cash blockage and made imports under Advance Authorisation next to impossible. The co...
Read MoreCircular No. 14/2020-Customs - (21/02/2020) - The transportation of goods from one part of India to another through a foreign territory was hitherto covered by the Transportation of Goods (Through Foreign Territory) Regulations, 1965. Such movements were however uncommon and the regulations were not effectively used due to absence of bilateral ...
Read MoreNotification No. 16/2020-Customs (N.T.) - (21/02/2020) - (1) These regulations may be called the Transportation of Goods (Through Foreign Territory), Regulations, 2020. (2) They shall come into force on the day of their publication in the official gazette....
Read MoreNotification No.15/2020-Customs (N.T.) - (20/02/2020) - Exchange Rate Notification No. 15/2020-Customs (NT) dated 20th February, 2020 Notifying Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 21st February, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification...
Read MoreInstruction No. 02/2020-Customs - (20/02/2020) - Due to ongoing shutdown in China on account of Coronavirus outbreak, there is an apprehension of disruption in supply of raw materials/ inputs to our industrial units which were dependent on these raw materials. There could also be a dip in offtake in exports to China. On the contrary, there is a st...
Read MoreOffice Order No. 01/2020 and 02/2020 - (19/02/2020) - Office Order No. 01/2020 and 02/2020 With the approval of competent authority, the following transfer postings in the Grade of Chief Accounts Officers (CAO) of Customs in Central Board of Indirect Taxes and Customs who were promoted vide Order No. F.No.A-32012/05/2017-Ad.IIA dated 31/01/2019 are he...
Read MorePrince Spintex Pvt. Ltd. Vs Union of India (Gujarat High Court) -
Circular No. 14/2020-Customs - (21/02/2020) -
Notification No. 16/2020-Customs (N.T.) - (21/02/2020) -
Notification No.15/2020-Customs (N.T.) - (20/02/2020) -
Instruction No. 02/2020-Customs - (20/02/2020) -
Office Order No. 01/2020 and 02/2020 - (19/02/2020) -
Circular No. 13/2020-Customs - (19/02/2020) -
