Custom Duty Notifications

Simplified processing of AEO-T1 application & Documentation

Custom Duty - PROCESSING OF ACCREDITATION OF AEO-T1 SIMPLIFIED In terms of Customs circular 33/2016 dated 22.07.2016 as amended by the Circular No. 3/2018- Customs dated January 17, 2018 & Circular No. 26/2018- Customs dated 10th August 2018 processing of AEO-T1 application is simplified. ANNEXURE REQUIRED FOR AEO-T1 APPLICATION AS PER OLD CIRCULAR...

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Big Relief to 100% EOU on account of Waiver of Bank Guarantee for Imports

Custom Duty - It has been noticed that the customs department was insisting to furnish the Bank Guarantee from 100% EOU units by virtue of circular no. 48/2017 Customs dated 8th Dec 2017. However, Foreign Trade Policy 2015-20 provides reverse view as below. “Unit will not be required to furnish bank guarantee at the time of import or […]...

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Customs – Provisional Release of Seized Imported Goods Latest Guidelines

Custom Duty - The Central Board of Excise & Customs (CBEC), vide Circular No. 35/2017 – Customs, dated 16th August 2017 issued guidelines for provisional release of seized imported goods pending adjudication under Section 110 of the Customs Act, 1962 Section 110A  Any goods, documents or things seized under Section 110, may, pending the order of...

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Tax Incidence – High Sea Sales of Imported Goods – GST

Custom Duty - As provided in GST Laws, all inter-state transactions are subject to IGST. Further, High sea sales of imported goods are akin to inter-state transactions. ...

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Direct and Indirect tax updates for 16st March to 31st March 2017

Custom Duty - CBDT has vide notification No. 21/2017 released ITR forms for Assessment Year 2017-18 / Financial Year 2016-17. The number of ITR Forms have been reduced from the existing nine to seven forms. The existing ITR Forms ITR-2, ITR-2A and ITR-3 have been rationalized and a single ITR-2 has been notified in place of these three forms. Consequen...

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Custom dept. proposes simplified procedures for exports through India Post

Custom Duty - Customs and Postal Department hold First ever Joint Conference to deliberate on streamlining imports and exports by post; To cater to the SMEs and to boost the Make in India program, Customs Department proposes new simplified procedures for exports through India Post. Customs Department proposes new simplified procedures for exports throu...

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Guidelines for grant of rewards to officers, informers & other persons, 2017

Custom Duty - The Government of India has issued new reward guidelines called The guidelines for grant of rewards to be paid to the officers, informers and other persons, 2017 on October 10, 2017 to regulate the grant and payment of reward to informers and government officers....

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CBEC invites Comments on “Know Your Customer (KYC) norms”

Custom Duty - Board has also decided to simplify the norms for KYC verification in the light of introduction of Goods & Services Tax (GST) and in view of the emphasis of government on adoption of a unified identifier. Accordingly, in modification of the earlier instructions...

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Customs Clearance Facilitation Committee Established

Custom Duty - Customs Clearance Facilitation Committee (CCFC) set up under the chairmanship of Chief Commissioner of Customs/Commissioner of Customs. CCFC expedites clearance of imported and export goods, and helps resolve grievances of trade and industry members.CCFC operating in Seaports, Airports, Inland Container Depots and Land Customs Stations...

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Draft Customs Brokers Licensing and Revocation Regulations, 2017

Custom Duty - CBEC released on 19th August 2017- Draft Customs Brokers Licensing and Revocation Regulations, 2017 which will be apply on approval to shall apply to a Customs Broker who has been licensed under these regulations or regulations preceding thereto and also such other persons who have been employed or engaged by the said Customs Broker unde...

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Customs Rate of Exchange of Foreign Currency wef 18.01.2019

Notification No. 05/2019-Customs (N.T.) - (17/01/2019) - Customs Rate of Exchange of Foreign Currency Conversion wef 18.01.2019 notified vide Notification No. 05/2019 – Customs (N.T.) dated 17th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 05/2019-Cust...

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Tariff Notification in respect of Fixation of Tariff Value of Edible Oils etc

Notification No. 04/2019-Customs (N.T.) [S.O. 302(E)] - (15/01/2019) - Tariff Notification No. 04/2019-CUSTOMS (N.T.) dated 15th January, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver....

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Notification No. 03/2019-Customs (ADD), Dated: 15.01.2019

Notification No. 03/2019-Customs (ADD) [G.S.R. 32(E)] - (15/01/2019) - Seeks to further amend notification No. 1/2017-Customs(ADD) dated 5th January, 2017 to prescribe ADD on exports from Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation on the basis of final findings of the Designated Authority in this regard. Government of Ind...

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Notification No. 02/2019-Customs (ADD), Dated: 15.01.2018

Notification No. 02/2019-Customs (ADD) [G.S.R. 31(E)] - (15/01/2019) - seeks to rescind notification Nos.30/2018 – Customs(ADD) and 31/2018 – Customs (ADD) both dated 30.05.2018 that provided for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corpor...

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Customs Rate of Exchange of Foreign Currency wef 12.01.2019

Notification No. 3/2019 - Customs (N.T.) - (11/01/2019) - Customs Rate of Exchange of Foreign Currency Conversion wef 12.01.2019 notified vide Notification No. 03/2019 – Customs (N.T.) dated 11th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ******* Notification No. 3/2019 &#...

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Recent Posts in "Custom Duty Notifications"

Customs Rate of Exchange of Foreign Currency wef 18.01.2019

Notification No. 05/2019-Customs (N.T.) (17/01/2019)

Customs Rate of Exchange of Foreign Currency Conversion wef 18.01.2019 notified vide Notification No. 05/2019 – Customs (N.T.) dated 17th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 05/2019-Customs (N.T.) New Delhi, dated the 17th Jan...

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Tariff Notification in respect of Fixation of Tariff Value of Edible Oils etc

Notification No. 04/2019-Customs (N.T.) [S.O. 302(E)] (15/01/2019)

Tariff Notification No. 04/2019-CUSTOMS (N.T.) dated 15th January, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver....

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Notification No. 03/2019-Customs (ADD), Dated: 15.01.2019

Notification No. 03/2019-Customs (ADD) [G.S.R. 32(E)] (15/01/2019)

Seeks to further amend notification No. 1/2017-Customs(ADD) dated 5th January, 2017 to prescribe ADD on exports from Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation on the basis of final findings of the Designated Authority in this regard. Government of India Ministry of Finance (Department of Re...

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Notification No. 02/2019-Customs (ADD), Dated: 15.01.2018

Notification No. 02/2019-Customs (ADD) [G.S.R. 31(E)] (15/01/2019)

seeks to rescind notification Nos.30/2018 – Customs(ADD) and 31/2018 – Customs (ADD) both dated 30.05.2018 that provided for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation (Exporter/ Trader) till the final ...

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Customs Rate of Exchange of Foreign Currency wef 12.01.2019

Notification No. 3/2019 - Customs (N.T.) (11/01/2019)

Customs Rate of Exchange of Foreign Currency Conversion wef 12.01.2019 notified vide Notification No. 03/2019 – Customs (N.T.) dated 11th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ******* Notification No. 3/2019 – Customs (N.T.) Dated the 11th Jan...

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Reg. Removal of Pre-import condition on specified deemed export

Notification No. 01/2019-Customs (10/01/2019)

Notification No. 01/2019-Customs- Seeks to remove pre-import condition and include specified deemed export supplies for exemption from integrated tax and Compensation cess for materials imported against Advance Authorizations and Advance Authorizations for Annual Requirement...

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Customs Post Clearance Audit- reg

Circular No. 02/2019-Customs (08/01/2019)

A new audit approach is envisaged in view of the experience gained over the past years in implementation of Customs Post Clearance Audit, as well as the exposure to international best practices. ...

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Anti-dumping duty on import of Methylene Chloride

Notification No. 01/2019-Customs (ADD) (04/01/2019)

Notification No. 01/2019 - Customs (ADD) dated 04.01.2019 Seeks to impose anti-dumping duty on imports of 'Methylene Chloride originating in or exported from European Union and United States of America...

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Customs Rate of Exchange of Foreign Currency wef 04.01.2019

Notification No. 02/2019 - Customs (N.T.) (03/01/2019)

Customs Rate of Exchange of Foreign Currency Conversion wef 04.01.2019 notified vide Notification No. 02/2019 – Customs (N.T.) dated 3rd January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOAR OF INDIRECT TAXES AND CUSTOMS) ***** Notification No.02/2019 – Customs (N.T.) New Delhi, dated the 3r...

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Duty Drawback can be claimed on export to Nepal from LCS Barhni

Notification No. 01/2019-Customs (N.T.) (03/01/2019)

Inclusion of Land Customs Station (LCS), Barhni in the list of LCSs from which export under claim of Duty Drawback can be made to Nepal vide Notification No. 01/2019-Customs (N.T.) dated 3rd January, 2019...

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