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 : 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 : Delhi High Court rules that a Customs Broker license cannot be suspended as a penalty for not physically verifying the exporter's ...
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,...
Circular No. 15/2023-Customs discusses the introduction of mandatory additional qualifiers in import/export declarations for certain products, effective from 1st July 2023. Circular No. 15/2023-Customs refers to the earlier Circular 55/2020-Customs, which encouraged importers to voluntarily provide comprehensive product descriptions and additional parameters for imported goods. The intent was to minimize queries and optimize assessment efficiency. […]
CESTAT Delhi held that demanding the duty drawback unsustained as payment for goods exported is duly supported by BRC and re-certified after verification by the Bank. Further, revenue has not brought on record any evidence relating to diversion of goods or return of any remittance.
Explore the CAAR Delhi ruling on the classification of Optoma Creative Touch 3-Series Interactive Flat Panel (IFP) under Customs Tariff Act, 1975, Sub-heading 84714190.
Explore the Customs Authority of Advance Ruling (CAAR Delhi) decision on the re-import of goods from SEZ/FTWZ, analyzing the implications under Notification No. 45/2017-Cus.
CBIC Circular No. 14/2023-Customs dated 3rd of June, 2023 introduces the Electronic Repairs Services Outsourcing (ERSO) initiative. ERSO aims to extend the lifespan of defective or damaged electronic goods by allowing designated repair service entities in India to import and repair them before re-exporting. The circular outlines the regulatory environment for ERSO, including the General […]
HC held that limitation period for GST refund application should be considered from date of online filing, not the date of manual filing
Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 39/2023 – Customs (N.T.) on June 1, 2023, regarding the exchange rates for import and export transactions. These rates will come into effect from June 2, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS […]
CESTAT Delhi held that as appellant failed to produce document proving discharge of customs duty liability, it can easily be concluded that gold so procured has passed the customs area in concealed manner and accordingly the same is smuggled goods.
Apex Court in case of ITC LTD Vs. CCE, Kolkata held that self assessment orders are also assessment orders and are appealable just like other orders, like re-assessment orders.
CBIC issued Notification No. 38/2320-Custom (N.T.) on 31st May, 2023 which amends notification No. 36/2001-Customs (N.T.), dated 3rd August, 2001. The amended tables include revised tariff values for various goods such as Crude Palm Oil, RBD Palm Oil, Crude Palmolein, Brass Scrap, Gold, Silver, and Areca nuts. The notification will be effective from 1st June, […]
