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Changes in Custom Duty Made in Budget 2008-09

  13 Mar 2008   0 comment
There is no change in the peak rate of the custom duty in the current budget. Exemption from 4% additional duty of customs has been withdrawn :- The exemption from 4% additional duty of custom leviable under section 3(5) of the Custom Tariff Act has been withdrawn from Power generation projects, (Other than mega power projects) transmissi...
Posted Under: Custom Duty |

Export fraud – Action against Customs Officers – Notice to be issued within three months, Commissioner correct in dropping proceedings against Officer

  18 Dec 2007   0 comment
M/s. Pashupathi Traders, Secunderabad, filed 8 Shipping Bills, all dated 03rd January, 2001 declaring the goods exported by them as "NAPROXEN" under the DEPB Scheme. The goods were stuffed after examination by the customs at ICD Hyderabad for export to UAE via Nhava Sheva port. The DRI Officers intercepted two consignments of cargo in two...
Posted Under: Custom Duty |

Preloaded operating system software is an integral part of a laptop and cannot be classified separately

  06 Sep 2007   0 comment
the short question for determination is, Whether operating systems (software) which controls the working of the computer and which is preloaded in the laptop (notebook) is classifiable as a separate entity under CTH 85.24 at 'nil' rate of duty or as an integral part of the laptop under CTH 84.71 at the appropriate rate of duty....
Posted Under: Custom Duty |

Conversion of Shipping Bills and relevant legal provision for such conversion under the Customs Act, 1962

  16 Jan 2004   0 comment
Circular No. 4/2004-Custom Duty (16/01/2004)  
Recently the Central Board of Excise and Customs issued a circular, Circular No. 4/2004 dt. 16-01-2004 [2004 (163) ELT T29], saying that conversion of Shipping Bills from free Shipping Bill to drawback Shipping Bill or from one export incentive scheme to other should not be encouraged. The said circular imposes conditions which have ma...

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