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 Bangalore rules Montanide ISA 206 VG is not classifiable as a veterinary vaccine. Penalty on Bharat Biotech under Customs A...
Custom Duty : CESTAT rules that supervision and efficiency test charges paid to overseas suppliers can't be included in the assessable value for...
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 : 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 clause (aa) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 12/97-Customs (N.T.), dated the 2nd April, 1997, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number G.S.R. 193(E), dated the 2nd April, 1997 namely:-
Joint Commissioner or Additional Commissioner of Customs, Custom House, Opposite Old High Court, Navrangpura, Ahmedabad, for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s Ratnaveer Stainless Products Pvt. Ltd. E-77/121, GIDC, Savli (Manjusar), Dist: Vadodara (Gujarat) issued vide, F.No. DRI/AZU/INV-30/2009 dated the 17th January, 2011, by the Additional Director, Directorate of Revenue Intelligence, Ahmedabad Zonal Unit, Ahmedabad.
Notification No. 20/2011-Customs (N.T.)- Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Preventive), Kolkata, to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on- (i) Commissioner of Customs (Preventive), Delhi; (ii) Additional Commissioner or Joint Commissioner of Customs (Preventive), Patna; for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s Shri Bhimendra Kumar Goyal V/s. Munna Goyal and others, issued vide F.No.126/KOL/APP/2009/3251-3266 dated the 7th/12th October, 2010, by the Additional Director, Directorate of Revenue Intelligence, Kolkata Zonal Unit, Kolkata-700071.
Notification No. 30/2011-Customs,- Whereas in the matter of imports of Glass Fibre and articles thereof (hereinafter referred to as the subject goods), falling under heading 7019 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred as the said Customs Tariff Act), originating in, or exported from, People’s Republic of China (hereinafter referred to as the subject country or China PR) and imported into India, the designated authority in its preliminary findings vide notification No.14/28/2009-DGAD, dated the 2nd June, 2010, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 2nd June, 2010, had come to the conclusion that
Whereas, the designated authority vide notification No. 15/8/2010-DGAD, dated the 26th July,2010, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 26th July,2010, had initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act) and in pursuance of rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995
Notification No. 28/2011-Customs, New Delhi, the 4th March, 2011 . Whereas, the designated authority vide notification No. 15/9/2010-DGAD, dated the 26th July,2010, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 26th July,2010, had initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act) and in pursuance of rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter referred to as the said rules), in the matter of continuation of anti-dumping duty on imports of Certain Rubber Chemicals (MBTS) falling under tariff item 2925 20 or 2934 20 or 3812 of the First Schedule to the said Customs Tariff Act, originating in, or exported from People’s Republic of China, imposed vide notification of the Government of India,
The Finance Minister has in Budget 2011-12 proposed to introduce self-assessment in Customs. In it speech the Finance Minister had said that this is done to quicken the clearance of the cargo by Customs authorities and to further modernize the Customs administration. It was further stated that under this, importer and exporters will themselves assess their duty liabilities while fighting declarations in the EDI system. The Department will verify such assessments on a selective system driven basis.
The Finance Minister has introduced the Finance Bill, 2011 in Lok Sabha on 28th February, 2011. Changes in Customs law and rates of duty have been proposed through the Finance Bill, 2011 (clauses 35 to 58 for customs). In order to prescribe effective rates of duty and to carry out changes in the Rules made […]
The rate of customs duty on the import of Stainless Steel Scrap under exemption Notification No. 21/2002-Cus dated 01.03.2002 has always been surrounded by controversies. There has been an amendment in the rate of duty on the import of SS scrap in almost all the Budgets announced in the recent years. We wrote article earlier on this controversy titled as “Non- Melting Controversy on Melting Scrap”
As a measure of rationalization of duty structure the rates of 2% and 3% are being unified with the median rate of 2.5%. Accordingly basic customs duty on all goods currently attracting 2% has been increased to 2.5% and basic customs duty on those goods attracting 3% has been decreased to 2.5%.(S. No. 1 & 2 of Notification No. 21/2011-Cus dated the 1st March 2011 refers)
