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,...
In exercise of the powers conferred by sub-section (1) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 18 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, on the basis of the final findings of the designated authority, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 27th March, 1998.
Attention is invited to the Board’s Circular No. 5/97-Cus. dated 14.3.97 outlining the procedure for monitoring the fulfilment of export obligation under EPCG Scheme. Thereafter on 1.4.97, two Notification Nos. 28/97-Cus. and 29/97-Cus. both dated 1.4.97 were issued under EPCG Scheme consequent to announcement of new EXIM Policy for the period 1997-2002. Notification No. 28/97-Cus.
Ministry of Commerce have published a revised Export & Import Policy for the period 1997-2002 on 13.4.98. The changes in the Exim Policy take effect from 13.4.98. As a result the Export Promotion Capital Goods Scheme (EPCG Scheme) and Duty Exemption Scheme in the revised Exim Policy have under gone changes. In order to give effect to these changes, Notification Nos. 8/98-Cus,
It has come to the notice of the Board that different yard stick is being adopted at various Customs Houses to Calculate the FOB value of exports undertaken from Land Customs Stations for calculation of drawback/ DEPB entitlement as a percentage of FOB value of exports
In exercise of the powers conferred by sub-section (1) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with Rule 18 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, on the basis of the final findings of the designated authority in the matter of dumping of Purified Terephthalic Acid, published vide notification number 14/1/96-ADD, dated 19th March, 1998 in the Gazette of India, Extraordinary, Part 1, Section 1, dated 19th March, 1998, hereby imposes on Purified Terephthalic Acid, falling under sub-heading 2917.36.
I am directed to refer to the Notification No. 39/1997-2002 dt. 26th February, 19981 issued by the DGFT (copy enclosed for ready reference). The scheme under pare 8.13 of the EXIM Policy provides for setting up Private/ Public Bonded warehouses in EPZ/ DTA for import and re-expot of cut & polished diamonds, cut & polished coloured gemstones, import and re-export of rough diamonds,
As per notification No. 81/ 97-Cus dated 24.10.97 acrylic fibre falling under heading 55.03 of the first schedule to the Custom Tariff Act, 1975 is leviable to anti-dumping duty
I am directed to refer to Board’s F.No.305/52/85-FTT dated the 15th April 1987 wherein the method for calculating the depreciation on ‘Capital goods’ permitted to be taken outside the units, was prescribed, and the over all limit of depreciation was fixed at 70%. Subsequently Board in their F.No. 314/19/94- FTT Part – VI, dated 11th April, 1997 had provided for acclerated rate of
Hangers have been allowed to be imported duty free by bona fide importers under Sl. No.68 of Notification No. 11/97-Cus. It has been brought to the notice of Board that size tabs like M/L/S which are fixed on hangers for easy identification of different sizes/ styles are being imported. Such size tabs are to be exported along with hangers in case of export of readymade garments in hanger
In supersession of Circular No. 17/97- Cus dated 4.6.97 issued by the Directorate of Drawback, Deptt. of Revenue, Ministry of Finance, on the above subject, the following guidelines regarding requirement/ acceptance of certificates of non-acailment of Modvat facility for the purposes of processing the drawback claims may be followed in future
