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CBEC invites Comments/suggestions on ‘Draft Adjudication Manual’
TG Team
29 Nov 2011
0 comment
Adjudication of offences under the Central Excises Act, 1944, or the Customs act 1962 or the Finance Act, 1994 (Service Tax) are important functions of the officers of the Central Excise, Customs and Service Tax competent to adjudge offences. It seeks to ensure that no economic loss is caused by the alleged contravention by the imposition...
Posted Under:
Service Tax
|
News
Seizure of foreign marked gold biscuits valued at Rs. 69 Lakh by DRI, Bangalore
TG Team
28 Nov 2011
0 comment
DRI, Bangalore Seizes 24 Nos. Of Foreign Marked Gold Biscuits (Weighing 2.4 Kgs), Valued At Rs. 69 Lakh, From Two Passengers Arriving At Bengaluru International Airport From Colombo On 25/26.11.2011. The Biscuits Were Concealed In Their Rectum....
Posted Under:
Custom Duty
|
News
Customs Manual on Self-Assessment – 2011
TG Team
25 Nov 2011
0 comment
'Self-Assessment' in Customs has been implemented w.e.f. 8.4.2011 vide Finance Act, 2011 by suitable changes to Sections 17, 18, 46 and 50 of the Customs Act, 1962. Self-Assessment interalia requires importers / exporters to correctly declare value, classification, description of goods, exemption notifications etc. and self assess the d...
Posted Under:
Custom Duty
|
News
Need to Increase Trade Facilitation in Customs – FM
TG Team
03 Nov 2011
0 comment
The Union Finance Minister , Shri Pranab Mukherjee has emphasized on the need to increase trade facilitation in customs . He was addressing the third meeting of the Consultative Committee attached to the Ministry of Finance during inter-session period of Parliament 2011, here yesterday. The subject matter of the meeting was Trade facilita...
Posted Under:
Custom Duty
|
News
Proposed revised draft format of Exchange Control copy of Shipping Bills
TG Team
11 Oct 2011
0 comment
As a matter of trade facilitation and reduction in use of papers in customs processing, it is proposed to revise the format of Exchange Control copy of Shipping Bills to include only the information which is deemed to be necessary and relevant for the banking as well as compliance with government regulations purposes....
Posted Under:
Custom Duty
|
News
CBEC notifies All Industry Rates of Duty Drawback for all items, including DEPB items
TG Team
23 Sep 2011
0 comment
Govt notifies new duty drawback rates for 4000 export items -Directorate of Drawback has notified the revised All Industry Rates of Duty Drawback or tax refunds on 4,000 export items for the current fiscal which have also been extended to all the DEPB items. The rates are slightly lower than what was provided in 2010-11.The CBEC has not...
Posted Under:
Custom Duty
|
Featured
,
News
India to Reduce Tariff Lines under Sensitive List by 20% by Next Month
TG Team
08 Sep 2011
0 comment
Anand Sharma Peak Tariff Rates to be 8% for Imports from Pakistan by January 2012 . Shri Anand Sharma, the Union Minister for Commerce, Industry and Textiles, has announced that India will meet its commitment of reducing tariff lines under sensitive list by 20% for all by next month. This will fulfil a critical requirement of the SAFTA ag...
Posted Under:
Custom Duty
|
News
Customs amendment bill in LS to validate notices issued by different officials during the past 25 to 30 years.
TG Team
19 Aug 2011
0 comment
FM Pranab Mukherjee on Friday moved a bill in the Lok Sabha to amend the Customs Act to validate the showcause notices given by different officials during the past several years. The bill, which seeks to validate notices rendered invalid by the Supreme Court on technical ground, will be taken up for discussion and passage next week. ...
Posted Under:
Custom Duty
|
News
CBEC requiress Advocates for empanelment as Senior/Junior Standing Counsels to represent before Bombay HC
TG Team
12 Aug 2011
0 comment
The Customs and Central Excise Department requires Advocates for representation before the Hon’ble High Court of Bombay, Mumbai and other Statutory bodies/authorities like Tribunals/BIFR/AAIFR/DRT in the matters relating to Indirect Tax Laws. Practicing Advocates and retired officers of the Customs & Central Excise Department who are e...
Posted Under:
Custom Duty
|
News
16 Imported Luxury Cars Seized between April,2011 to July 2011 for evasion of duty of Rs.4.87 crores
TG Team
06 Aug 2011
0 comment
Sixteen number of imported luxury cars have been seized in the country during the recent past between April,2011 to July 2011.They are valued at Rs.6.75 crores and involves evasion of duty of Rs.4.87 crores. All Customs field formations have been sensitized and alerted to prevent smuggling of imported cars into the country. Action under t...
Posted Under:
Custom Duty
|
News
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