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Custom Duty Notifications

Provisions of Warehousing Under Customs Law

Custom Duty - The provisions for warehousing have been mentioned under Chapter IX of the Customs Act, 1962 and other subsequent rules and regulations. The process of warehousing and its related provisions have been elaborated below. What is Warehousing? Warehousing is the process of storing physical goods before they are sold further or distributed. Wa...

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Challenge to Enhancement of Value (Re-Assessment) Under Section 17(4) of Customs Act, 1962

Custom Duty - 1. Whether an Importer/Assesse Can Challenge the Enhancement of Value (Re-Assessment) Under Section 17(4) of the Customs Act, 1962 by way of an appeal under section 128 of the Customs Act, 1962 Pursuant to Acceptance of Value Enhanced by The Assessing Authority in Terms of Section 17(5) of The Act? 2. Whether Such Appeal Filed […]...

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Tax Amicus | GST, Customs, Excise, Service Tax & VAT | August 2021

Custom Duty - Goods and Services Tax (GST) Notifications and Circulars Requirement of GST audit and reconciliation statement by professionals removed with effect from 1 August 2021: The Ministry of Finance has appointed 1 August 2021 as the date on which the provisions of Sections 110 and 111 of the Finance Act, 2021 have come into force. These [&helli...

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Direct & Indirect Tax Updates July 2021

Custom Duty - DIRECT TAXES UPDATES Recent circulars/ notifications/ rules/ clarifications/News ♦ CBDT Notified Income Tax Rule 8AC so as to provide for computation of short term capital gains and written down value u/s 50 where depreciation on goodwill is received.  (Notification No. 77/2021-Income Tax [G.S.R. 472(E)]qvc) ♦ CBDT further extends th...

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Amendment can be done of Bill of Entry/ Bill of Shipping/ Bill of Exports: Post clearance of goods for domestic consumption or export

Custom Duty - Amendment can be done of Bill of Entry/ Bill of Shipping/ Bill of Exports: Post clearance of goods for domestic consumption or export Legal provisions are meant to help the business and not otherwise. The provisions are not legislated to deny the legitimate benefit rather they should be interpreted in a way to help the […]...

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Join our Courses on GST, Customs, Excel & Income Tax at 40% Discount till 26.01.2022

Custom Duty - Join Self-Learning Certification Course on GST, GST Compliances, Excel For professionals, Income Tax and Customs including Import & Export by TaxGuru Edu at 40% till 26th January 2022...

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HDFC Bank goes live for Customs Duty payments

Custom Duty - HDFC Bank today announced that its integration with Central Board of Indirect Taxes and Customs (CBIC) ICEGATE platform has gone live. With this, the Bank will offer customers the convenience of directly paying Customs Duty by selecting HDFC Bank. This follows authorisation by the Principal Chief Controller of Accounts of CBIC to collect ...

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Cabinet approves Agreement between India and Spain on Cooperation and Mutual Assistance in Customs Matters

Custom Duty - The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Agreement between India and Spain on Cooperation and Mutual Assistance in Customs Matters....

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Govt clarifies on increase in rate of duty on imports against certain commodities

Custom Duty - Clarification regarding factually incorrect tweets claiming that the government has increased the rate of duty on imports against certain commodities post alignment of Customs Tariff to the Harmonized System of Nomenclature (HS)-2022 of World Customs Organisation. CLARIFICATION Effective 01.01.2022, the Customs Tariff has been aligned to ...

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Customs officials detect around 1 kg of cocaine

Custom Duty - Customs officials detect around 1 kg of cocaine ingested as pellets by passenger at IGI Airport, one arrested In a display of tremendous alacrity, the Customs officers at Indira Gandhi International Airport (IGIA), New Delhi, unravelled yet another case of cocaine smuggling by detecting a case of human ingestion of specially designed pell...

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I-MAS POS consisting of Nickle/Cobalt Hydroxide, Graphite & moisture classifiable under CTH 28254000

In re Smartage Projects Pvt ltd (CAAR Mumbai) - In re Smartage Projects Pvt ltd (CAAR Mumbai) Thus, it is in terms of the chapter note 1 of chapter 28 read with Rules 1, 2 and 3(a) of the GIR, the goods proposed to be imported i.e. I-MAS POS, consisting of Nickle Hydroxide (78-80%), Cobalt Hydroxide (2-2.5%), Graphite (12-18%) and moisture (2.8%)...

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Evans Consoles merit classification under heading 8537

In re Evans Consoles Corporation (CAAR Delhi) - In re Evans Consoles Corporation (CAAR Delhi) Product under consideration is described as ‘Evans Consoles’ in the product literature, which is equipped with switches, electric motors and other electronic equipment, meant for performing specialized functions. These Consoles will be design...

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CAA can decide on request for exemption from customs duty on import of e-cycles from China

In re Indian Compressors Ltd. (CAAR Delhi) - Question posed for advance ruling, couched as it is for seeking classification of e-cycle, is essentially a prayer made for exemption from customs duty on import of such e-cycles from China, which is beyond the powers vested with this Authority....

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Clear Float Glass with Absorbent layer classifiable under heading 70.05

In re Chandrakala Associates (CAAR Mumbai) - In re Chandrakala Associates (CAAR Mumbai) The subject goods for which advance ruling has been sought, their characteristics, manufacturing process, utility etc. are already mentioned in the aforementioned paras. The subject goods are clear float glass, with an absorbent layer, which is fluorescent...

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Data projector classifiable under sub-heading 85286200

In re Audio Distribution House Pvt. Ltd (CAAR Mumbai) - In re Audio Distribution House Pvt. Ltd (CAAR Mumbai) The projector under consideration has got certain additional ports such as HDMI, audio, composite, etc. Further, the product is compatible with an aspect ratio of 16:9, though the aspect ratio of 4:3 is native. These facts make it capable of bein...

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Anti-dumping Duty on Import of ‘Axles for Trailers’ from China

Notification No. 04/2022-Customs (ADD) [G.S.R. 43(E)] - (24/01/2022) - CBIC imposed Anti-dumping Duty on ‘Axles for Trailers’ originating in or exported from the People’s Republic of China vide Notification No. 4/2022-Customs(ADD), Dated 24.01.2022. MINISTRY OF FINANCE (Department Of Revenue) New Delhi, the 24th January,2022 Notification No. 04/2022-C...

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Extortion of money in the names of Customs Officers

Public Notice No. 03/2022 - (20/01/2022) - Beware of fraudsters extorting money in the name of Indian Customs! Indian Customs never calls or send SMS for paying Customs Duty in a personal bank account. All communication from Indian Customs contain a DIN which can be verified on CBIC website. Public Notice has been issued as below- OFFICE OF ...

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CBIC rescinds Notification levying ADD on PVC Flex Films

Notification No. 3/2022-Customs (ADD), [G.S.R. 38 (E)] - (24/01/2022) - Seeks to rescind Notification No. 42/2016 – Customs (ADD) dated 8th August, 2016 to remove levy of ADD on PVC Flex Films vide Notification No. 3/2022-Customs (ADD), Dated: 24.01.2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 24th January, 2022 Notification No. 3/2022-Customs ...

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CBIC Notifies Rate of Exchange of Foreign Currencies wef 21.01.2022

Notification No.04/2022 - Customs (N.T.) - (20/01/2022) - CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st January, 2022 vide Notification No. 04/2022- Customs (N.T.) | Dated: 20th January, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** No...

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Alignment of AEO Circulars with CAROTAR, 2020 – Reg

Circular No. 02/2022- Customs - (19/01/2022) - Reference is drawn to Circular No. 33/2016–Customs dated 22.07.2016 as amended, including by Circular No. 54/2020- Customs dated 15.12.2020, vide which relaxation in furnishing of Bank Guarantee was extended to various categories of AEO/AEO (MSME), but would not be applicable in cases where the Co...

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Custom Duty Notifications’s Popular Posts

Recent Posts in "Custom Duty Notifications"

Anti-dumping Duty on Import of ‘Axles for Trailers’ from China

Notification No. 04/2022-Customs (ADD) [G.S.R. 43(E)] 24/01/2022

CBIC imposed Anti-dumping Duty on ‘Axles for Trailers’ originating in or exported from the People’s Republic of China vide Notification No. 4/2022-Customs(ADD), Dated 24.01.2022. MINISTRY OF FINANCE (Department Of Revenue) New Delhi, the 24th January,2022 Notification No. 04/2022-Customs (ADD) G.S.R. 43(E).—Whereas, th...

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Extortion of money in the names of Customs Officers

Public Notice No. 03/2022 20/01/2022

Beware of fraudsters extorting money in the name of Indian Customs! Indian Customs never calls or send SMS for paying Customs Duty in a personal bank account. All communication from Indian Customs contain a DIN which can be verified on CBIC website. Public Notice has been issued as below- OFFICE OF THE COMMISSIONER OF CUSTOMS […]...

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CBIC rescinds Notification levying ADD on PVC Flex Films

Notification No. 3/2022-Customs (ADD), [G.S.R. 38 (E)] 24/01/2022

Seeks to rescind Notification No. 42/2016 – Customs (ADD) dated 8th August, 2016 to remove levy of ADD on PVC Flex Films vide Notification No. 3/2022-Customs (ADD), Dated: 24.01.2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 24th January, 2022 Notification No. 3/2022-Customs (ADD) G.S.R. 38 (E).—In exercise of th...

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I-MAS POS consisting of Nickle/Cobalt Hydroxide, Graphite & moisture classifiable under CTH 28254000

In re Smartage Projects Pvt ltd (CAAR Mumbai)

In re Smartage Projects Pvt ltd (CAAR Mumbai) Thus, it is in terms of the chapter note 1 of chapter 28 read with Rules 1, 2 and 3(a) of the GIR, the goods proposed to be imported i.e. I-MAS POS, consisting of Nickle Hydroxide (78-80%), Cobalt Hydroxide (2-2.5%), Graphite (12-18%) and moisture (2.8%) is classifiable […]...

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CBIC Notifies Rate of Exchange of Foreign Currencies wef 21.01.2022

Notification No.04/2022 - Customs (N.T.) 20/01/2022

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st January, 2022 vide Notification No. 04/2022- Customs (N.T.) | Dated: 20th January, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 04/2022 – Customs (...

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Evans Consoles merit classification under heading 8537

In re Evans Consoles Corporation (CAAR Delhi)

In re Evans Consoles Corporation (CAAR Delhi) Product under consideration is described as ‘Evans Consoles’ in the product literature, which is equipped with switches, electric motors and other electronic equipment, meant for performing specialized functions. These Consoles will be designed according the requirements of the cus...

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Posted Under: Custom Duty | |

Join our Courses on GST, Customs, Excel & Income Tax at 40% Discount till 26.01.2022

Join Self-Learning Certification Course on GST, GST Compliances, Excel For professionals, Income Tax and Customs including Import & Export by TaxGuru Edu at 40% till 26th January 2022...

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Posted Under: Custom Duty | ,

Alignment of AEO Circulars with CAROTAR, 2020 – Reg

Circular No. 02/2022- Customs 19/01/2022

Reference is drawn to Circular No. 33/2016–Customs dated 22.07.2016 as amended, including by Circular No. 54/2020- Customs dated 15.12.2020, vide which relaxation in furnishing of Bank Guarantee was extended to various categories of AEO/AEO (MSME), but would not be applicable in cases where the Competent Authority orders furnishing of B...

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CBIC exempts BCD & IGST on goods imported for AFC Women’s Asian Cup India

Notification No. 1/2022-Customs [G.S.R. 26(E)] 18/01/2022

CBIC exempts BCD and IGST on goods imported for the purpose of AFC Women’s Asian Cup India, 2022 vide Notification No. 1/2022-Customs dated : 18th January, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 18th January, 2022 Notification No. 1/2022-Customs G.S.R. 26(E).—In exercise of the powers conferred by sub-s...

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Retention of ISO Containers to meet future requirements

Circular No. 01/2022-Customs 18/01/2022

CBIC received representations for providing relaxations in the re-export of ISO Containers imported temporarily for combating the COVID Pandemic. Such containers have been used for efficient transportation of Liquid Medical Oxygen due to the inherent advantage related to multi-modal transportation (by Road/Rail/Waterways/Airways)....

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