Custom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
Custom Duty : Instead of a formal signature, some documents are marked with S/d- (an abbreviation for signed) as a form of attestation. This rai...
Custom Duty : Excessive credit card spending may attract tax notices. Learn how to manage credit card transactions to avoid scrutiny and ensure ...
Custom Duty : Explore the jurisdictional conflicts in recovery proceedings under Customs Act Section 28AAA and FTDR Act, highlighting key issues...
Custom Duty : Comprehensive review of Indian 2024 Budget reforms on Customs & GST, highlighting impacts on manufacturing, exports, and tax admin...
Custom Duty : Discover the key changes in customs and excise duties proposed in the Union Budget 2024-25, including updated rates and legislativ...
Custom Duty : Government seeks suggestions on mandatory qualifiers in import/export declarations for synthetic diamonds to improve identificatio...
Custom Duty : Discover key amendments in Customs duties and tariff rates effective July 2024, including changes in Basic Customs Duty, Health Ce...
Custom Duty : Ministry of Finance unveils reforms in customs duties to support manufacturing, boost exports, and simplify taxation. Includes exe...
Custom Duty : CBI arrests Customs Superintendent at Sahar Airport, Mumbai for accepting Rs 80,000 bribe to clear an imported consignment. Invest...
Custom Duty : Explore the API integration between ICEGATE and IECs/CBs, its impact on document filing efficiency, challenges addressed, and futu...
Custom Duty : Delhi HC reduces pre-deposit requirement for Shubh Impexs appeal in customs duty dispute over imported goods classification....
Custom Duty : CESTAT Delhi held that imposition of penalty and revocation of customs broker license justified as customs broker abetted the ille...
Custom Duty : Rajasthan High Court orders adjudicating authority to reconsider the dual classification of Aerosol Valves under Customs Tariff He...
Custom Duty : Customs brokers must perform their duties with diligence, they should not be held responsible for penalties arising from misdeclar...
Custom Duty : CESTAT Chennai rejection of refund claim merely for non-mentioning of period particulars in CA’s certificate unjustifiable as re...
Custom Duty : The CBIC revises customs tariff values for crude and refined oils, brass scrap, gold, silver, and areca nuts effective August 15, ...
Custom Duty : Chennai Customs introduces ERAM on ICEGATE for automated exchange rate publication, effective from 4th July 2024. Access rates onl...
Custom Duty : Notification 53/2024 updates tariff values for edible oils, brass scrap, gold, silver, and areca nuts. Effective from August 1, 20...
Custom Duty : The Ministry of Finance has updated Customs Notification No. 50/2017 with a 10% BCD on laboratory chemicals. New rules apply from ...
Custom Duty : Learn about the new regulations for amending import documents under Section 149 of the Customs Act, 1962. Understand the timeline,...
During the review of Exim Policy for the year 1999-2000, Ministry of Commerce have recommended that under DEPB Scheme, imports may be allowed to clear goods stored in a custom bonded warehouse by adjusting customs duty in a DEPB scrip. Similar facility is already available under the Advance Licensing Scheme
M/s Air-India has requested to carry domestic Cargo on International flights on the grounds that the majority of Air-India Flights originate at Mumbai and touch another Domestic point on its way to foreign airport. It has ample capacity to uplift domestic Cargo between these two ports. M/s Air India has also requested that to allow them to carry domestic Cargo in the domestic leg of the
Therefore, in exercise of the powers conferred by sub-section (1) of section 9A of the said Customs Tariff Act, read with rule 18 and rule 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, after considering the aforesaid findings of the Designated Authority, hereby imposes on Fused Magnesia falling under Chapter 25 of the First Schedule to the said Customs Tariff Act.
Instances have come to notice of the Department where DEPB scrips were obtained by unscrupulous exporters by presenting S/Bs with forged examination reports and “let export” orders alongwith forged BRCs, etc. In some of such cases even the verification endorsements by Customs authorities on DEPB scrips have been apparently forged. It has, therefore, become necessary to revise and
Representations from trade Associations and references from the field offices have been received in the Board to extend additional various facilities under DEPB Scheme to various Customs Stations
I am directed to refer to custom Notification No. 18/99-Cus. dated 11.2.99, wherein second-hand computer and computer peripherals including printer, plotter, scanner, monitor, key-board and storage unit has been exempted from custom duties, when received as donation by a schools run by Central Government, State Government, Government of Union Territory or a local body
Reference have been received from the field to clarify the date on which a DEPB scrip must be valid in order that the applicable customs duty may be debited in the scrip
Circular No. 6/99-Cus. dated 17.2.99 has been issued to clarify that the DEPB rate for processed cotton made-ups other than grey” would be admissible for cotton made-ups made from yarn dyed fabric where the yarn dyed fabric has undergone any of the processes mentioned in that Circular, after weaving . However, representation has been received in the Board from Handloom Export
The Comptroller and Auditor General of India, in para 3.2 of its report for the year ended March, 1997 has pointed out the lapses on the part of Commissionerate in communicating Board”s instructions having financial implications to its attached filed offices/units which had caused loss of revenue worth Rs. 5.92 lakhs. The said instruction was issued by the Board on 5.8-92 whereas field units of
It has been brought to the notice of the Board that the Customs Commissionerate, Pune has recently detected a case of Customs Duty evasion of over Rs. 27 crores by M/s HPCL, Loni, Pune, who receive petroleum products like HSD, Kerosene, etc. from M/s IOC through pipeline from Mumbai to Pune. It was found that the price declared by M/s IOC at Mumbai in the warehousing bill of entry
