Custom Duty : The Customs Department have recently started obstructing all the imports of alloy containing gold and platinum across the country ...
Custom Duty : Article briefly describe important legal provisions in India relating to Hazardous Chemicals/Dangerous Goods and Precursor Chemic...
Custom Duty : The Central Excise Tariff Act, 1985 prescribes rate of duty which is called as Tariff Rate or statutory rate of Duty. Since this r...
Custom Duty : Article explain about Compulsory Compliance Requirement for Import / Export of Urea [a Precursor Chemical for manufacture of IEDs]...
Custom Duty : n today‟s environment, where the volume of the goods being imported or exported is continuously increasing, the number of Custom...
Custom Duty : Anti Dumping Duty On Chinese Products The Central Government (Department of Revenue, Ministry of Finance), on the basis of the rec...
Custom Duty : Whether it is true that duty on umbrellas is being raised to 20 per cent and exemption to parts of umbrellas is being withdrawn a...
Custom Duty, Income Tax : The decision to reduce import duty on both crude and refined edible oils was taken to reduce the burden of high prices on final co...
Custom Duty : Anti-dumping Duty on the import of Specified Stainless Steel Products for providing relief to the Domestic Steel Industry The Gove...
Custom Duty : With effect from 01.07.2017 Government imposes levy of 10% basic customs duty (BCD) on cellular mobile phone, specified parts ther...
Custom Duty : This appeal is directed against the Order of the Customs, Excise and Gold (Control) Appellate Tribunal, West Zonal Bench [hereina...
Custom Duty : In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government...
Custom Duty : G.S.R. (E). - Whereas in the matter of imports of Sodium Tripoly Phosphate (STPP) (hereinafter referred to as the subject goods), ...
Custom Duty : The drawback rates provided for gold & silver jewellery will only be applicable for exports made through the ports /custom houses ...
How often do we hear exports are zero rated, like whenever an assessee think of doing an export transaction, he perceives it to be duty free, tax free and cess free (pun). Zero rated situs means no tax on inputs and no tax on output. What zero rated miss is tax freeness on intermediate.
The Central Excise duties are duties on manufacture of goods. The Counter vailing duty (CVD) u/s 3(1) of customs Act, 1965 is a customs duty in disguise of central excise duty leviable on importer when the goods are imported instead of domestically procured. More or less these two duties work on similar footings.
The Indian Micro, Small and Medium Enterprises (MSMEs) are facing tough competition from cheap Chinese products as is evident in high growth of India’s imports from China. As per information compiled from Director General of Commercial Intelligence & Statistics in respect of 12 major product groups
On account of unabetting import of areca nut from neighbouring countries originating from countries such as Indonesia and Myanmar taking the advantage of low import duty provided under SAFTA and consequent representations from various stakeholders, the Department of Commerce has decided to increase the Minimum Import Price (MIP) on import of Areca nuts from existing ₹ 110/- per kg. to ₹ 162/- per kg. with immediate effect.
Bicycles attract basic customs duty (BCD) of 30% while specified parts of bicycles attract BCD of 20%. China is the largest exporter of bicycles and parts thereof to India. However, import data for 2013-14 shows no evidence of increase in imports of bicycles and parts from Sri Lanka and in case of Bangladesh, while there […]
COMPOUNDED LEVY SCHEME with reference to the pan masala packing machines (capacity determination and collection of duty) rules, 2008 Introduction Indian taxation system has been split up into direct taxation and indirect taxation. Direct tax is paid by the individual directly to the government whereas indirect tax is paid by the individual indirectly to the […]
As you may be aware, earlier, dealers who imported goods or purchased goods from other importers had difficulty in filing dealer returns in ACES, as the ACES application did not allow such dealers to mention their own Central Excise registration number, or the IEC Code of the importer in the column prescribed for mentioning the […]
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
This appeal is directed against the Order of the Customs, Excise and Gold (Control) Appellate Tribunal, West Zonal Bench [hereinafter referred to as ‘the Tribunal’] dated 12.05.2006. The Deputy Commissioner of Customs has rejected the refund claim of appellant on the ground of unjust enrichment and failure to challenge the assessment of the Bills of Entry at the appellate stage, without even considering the Essentiality Certificates in the light of specific and binding directions of the High Court. A refund claim under the Act is not an appeal proceeding and the officer considering a refund claim cannot sit in appeal or review an assessment order made by a competent authority. Such assessment order is final unless it is reviewed and/or modified in an appeal. If for any reason, the subordinate authority is of the view that the directions issued by the Court is contrary to statutory provision or well established principles of law, it can approach the same Court with necessary application/petition for clarification or modification or approach the superior forum for appropriate reliefs. In the present case, as we have already noticed, the respondents have not questioned the order passed by the High Court, which order has reached finality. In such circumstances, we cannot permit the adjudicating authority to circumvent the order passed by the High Court.
Amid rising prices of cooking oil, the government is unlikely to increase import duty on crude and refined edible oils that currently stands at zero and 7.5 per cent, respectively. “There will not be any increase in import duty of crude and refined e
