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A critique on ‘Sea Cargo Manifest & Transhipment Regulations, 2018’

The Government of India Central Board of Indirect Taxes and Custom vide their notification No. 38/2018- Customs (N.T.) have announced Sea Cargo Manifest and Transshipment Regulations 2018, which were supposed to come into force on August 1, 2018. Following a number of extensions and amendments, the Regulations are finally scheduled fro...

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Posted Under: Custom Duty |

9 Suggestions on Customs Laws

All Odisha Tax Advocates Association has  made Suggestions for review of existing Customs duty exemption notifications / Customs laws and procedures to CBIC. Text of the Submission id as follows- 21’st August’ 2020 To, Shri S. W. Haider, OSD (TRU). Central Board of Indirect Taxes and Customs, Government of India, Ministry of Finance,...

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Posted Under: Custom Duty |

Authorised Economic Operator-Logistics Operator

Circular No. 33/2016-Customs dated 22nd July, 2016 1. AEO-LO Certificate– This certificate may be granted to categories of economic operators other than importers and exporters, namely Logistics Providers, Custodians or Terminal Operators, Customs Brokers and Warehouse For the purpose of this certificate: (i.) the economic operator sho...

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Posted Under: Custom Duty |

Options to EOU? ‘Manufacture & Other Operations in Bonded Warehouse’

New Foreign Trade Policy was expected w.e.f. 1st April 2020 addressing the issues, which was raised by USA against India before WTO Authority and WTO Authority have held the EPCG Scheme, DFIA Scheme, EOU Scheme and SEZ Scheme violating the principles of WTO. Albeit Govt of India have filed the appeal against the same and […]...

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Posted Under: Custom Duty |

Manufacturing & other operations in a bonded manufacturing facility

India allows manufacturing and other operations in a bonded manufacturing facility With the Government’s continuous efforts to promote India as the manufacturing hub globally and the commitment towards ease of doing business, another initiative in this direction by the Central Board of Indirect Taxes (CBIC) is allowing import of raw ma...

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Posted Under: Custom Duty |

Bonded Manufacturing scheme in Customs – A Feasibility Study

Government of India through the Central Board of Indirect Taxes and Customs (CBIC) has announced a scheme of Customs Bonded manufacturing cum warehousing commonly known as MOOWR i.e. Manufacturing and other operations in a Warehouse....

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Posted Under: Custom Duty |

Manufacture & Other Operations in Customs Warehouse- FAQs

Manufacture and Other Operations in Customs Warehouse Frequently Asked Questions Central Board of Indirect Taxes and Customs (CBIC) has launched a revamped and streamlined program to attract investments into India and strengthen Make in India. This program is based upon Section 65 of the Customs Act, 1962, which enables conduct of manufac...

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Posted Under: Custom Duty |

FAQs- Sanchit application For Import Export Users

Q: What is eSanchit application? The Central Board of Indirect Taxes & Customs (CBIC) has launched eSanchit (e-Storage and Computerized Handling of Indirect Tax documents) for paperless processing, uploading of supporting documents and to facilitate the trading across Borders. It has already been made available to importers and export...

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Posted Under: Custom Duty |

Provisions of Refunds under Customs Act, 1962

Section 26 of the Customs Act, 1962 prescribes provision for refund of export duty, Section 26A of the Customs Act, 1962 deals with refund of import duty in certain cases and Section 27 of the Customs Act, 1962 prescribes claim for refund of duty in case of excess payment duty on importation. The relevant provisions […]...

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Posted Under: Custom Duty |

Electronic Transmission of Out of Charge copy of Bill of Entry & eGatepass

Two major reforms for reduction in Physical Interface and enhancing Ease of Doing Business Electronic Transmission of Out of Charge copy of Bill of Entry (eOoC) Electronic Transmission of E- Gate pass (eGatepass) *This presentation is only for training purposes – For details please refer to CBIC Circular No. 19/2020-Cus dated 13.04....

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Posted Under: Custom Duty |