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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...
Read MoreCustom 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. ...
Read MoreCustom 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...
Read MoreCustom Duty - Application for allotment of Permanent Account Number(PAN) will be filed in SPICe (INC-32) form using Digital Signature of the applicant as specified by the Ministry of Corporate Affairs. After generation of Corporate Identity Number (CIN). MCA will forward data in form 49A to prescribed Income Tax Authority through digital signature. ...
Read MoreCustom Duty - Article compares differences between Companies Act 2013 and Companies Act, 1956 in respect of wound up of a Company by National Company Law Tribunal. Article Compares Section recently notified Section 271, 273, 274, 275, 277, 280, 281,287,302,332,336,337,338, 339(3), 342, 344, 348(7), 352, vide notification no. S.O. 3677(E) dated 07.12.20...
Read MoreCustom 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...
Read MoreCustom Duty - Stakeholder consultation/comments are invited on Draft Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2017 for electronic clearances along with proposed electronic forms, namely,new Form Courier Bill of Entry-XII (CBE-XII), new Form Courier Bill of Entry-XIII (CBE-XIII), new Form Courier Bill of Entry-XIV...
Read MoreCustom Duty - Stakeholder consultation/comments are invited on draft notification for amendment to Bill of Entry(Forms) Regulations, 1976 for Non-EDI locations or for Manual clearance along with New Form I, New Form II & New Form III for manual Bill of Entry incorporating provisions for IGST....
Read MoreCustom Duty - Stakeholder consultation/comments are invited on Draft Shipping Bill & Bill of Export regulations for Non-EDI locations or for Manual clearance and proposed Manual Shipping Bills Forms- SB I, SB II, SB III & SB IV....
Read MoreCustom Duty - Managing Director of a popular hotel of Visakhapatnam was arrested and remanded to judicial custody today for the failure to remit to the government an amount of Rs. 3 crores of service tax which was collected during the years 2011-16....
Read MoreNotification No. 45/2017- Customs (ADD) - (18/09/2017) - Notification No. 45/2017- Customs (ADD)- Levy of anti dumping duty on New/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having normal rim dia code above 16 originating in, or exported from China PR ...
Read MoreNotification No. 87/2017- Customs (N.T.) - (15/09/2017) - Notification No. 87/2017- CUSTOMS (N.T.) Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver ...
Read MoreNotification No. 76/2017- Customs - (15/09/2017) - G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby amends the following notifications of the Government of India in the Min...
Read MoreNotification No. 86/2017- Customs (N.T.) - (14/09/2017) - Notification No. 86/2017- Customs (N.T.)- Amendment to notification no 82/2017-Cus (N.T.) dt 24.08.2017 and notification no 85/2017-Cus (N.T.) dt 07.09.2017...
Read MoreNotification No. 75/2017-Customs - (13/09/2017) - G.S.R. __ (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (2) of the Tabl...
Read MoreNotification No. 45/2017- Customs (ADD) - (18/09/2017) -
Notification No. 87/2017- Customs (N.T.) - (15/09/2017) -
Notification No. 76/2017- Customs - (15/09/2017) -
Notification No. 86/2017- Customs (N.T.) - (14/09/2017) -
Notification No. 75/2017-Customs - (13/09/2017) -
Notification No. 44 /2017-Customs (ADD) - (12/09/2017) -
Notification No. 84/2017-Customs (N.T.) - (07/09/2017) -
Notification No. 85/2017-Customs (N.T.) - (07/09/2017) -
Notification No. 1/2017-Customs (CVD) - (07/09/2017) -
Notification No. 74/2017-Customs - (07/09/2017) -
