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10 March 2017 at 11:20

Guidelines for launching of prosecution by custom department

  POSTED BY MOHAN ARYA

The earlier stage of prosecution guidelines of 1999 as well as the new prosecution guidelines issued in 2015 contain various references to avoid any undue delay

  0 comments |   421 Views


24 February 2017 at 12:15

Comedy of corruption! The curious case of Sale Tax Department

  POSTED BY CA Saurav Somani

Comedy of corruption! The curious case of Sale Tax Department

  20 comments |   5747 Views


14 December 2016 at 11:11

Recovery of Drawback claimed, on non realization of export proceeds

  POSTED BY Bimal Jain

Rule 16A is a clarificatory provision clarifying the position of law which already exists in the form of Section 75 under the Customs Act and therefore, will have retrospective effect.

  0 comments |   365 Views


22 August 2016 at 10:48

Relaxation for Warehousing provision to EOU's on imported goods w.e.f 13th August 2016

  POSTED BY CA Prakash N

CBEC has issued Notification No. 44/2016-Customs and Circular No 35/2016-Customs dated 29.7.2016 to amend 52/2003 to revise Warehousing Procedure

  0 comments |   783 Views


20 May 2016 at 11:27

Refund of SAD

  POSTED BY Baqar Abidi

The intention of levying Special Additional Duty (�SAD�) of Customs also known as Counter Value Duty (�CVD�) U/s 3(5) of the Custom Tariff Act is to encourage domestic market and counter balance local sales tax/ Value Added Ta

  7 comments |   3589 Views


15 February 2016 at 10:47

Customs Valuation - Significant amendments in SVB procedures

  POSTED BY Yash Goyal

Dear readers,There has been a significant change in the import procedure to be followed in case of imports from related parties. I have discussed the said change in this article. Trust the same is useful for reference. Customs Valuation - Significant

  0 comments |   3096 Views


29 September 2015 at 10:37

Export promotion capital goods scheme (EPCG)

  POSTED BY Harshal Fifadra

EPCG Scheme was one of the export-promotion initiatives launched by the government in the early �90s. The import duty on capital goods like all other items was high during that period, in

  7 comments |   4484 Views


11 June 2015 at 11:04

Types of duties under customs

  POSTED BY Poornima Madhava

Various duties under Customs can be levied on almost all imports whereas only few goods are subject to export duty. Let us understand different types of duties under Customs Law for the purpose of import of goods.Let us study each of the above in det

  18 comments |   21684 Views


15 May 2015 at 10:54

Benefit to exporters under foreign trade policy 2015-2020

  POSTED BY CA. SRIKANTHA RAO T

By CA Srikantha Rao TThe Foreign Trade Policy 2015-2020 effective from 1st of April 2015 provides quite a few incentives to exporters of goods and services in India considering the �Make In India� initiative of the Central Government. Two

  5 comments |   5337 Views


17 March 2015 at 10:41

Baggage Rules

  POSTED BY Poornima Madhava

Baggage RulesWhat is meant by Baggage? It is the luggage of the passenger travelling by air or sea from one country to another It also means all dutiable goods imported by a passenger or a member of crew in his/her baggage Baggage INCLUDES unaccompan

  16 comments |   16421 Views


28 October 2014 at 10:39

Make in India programme- Amendment in Customs Needed

  POSTED BY CA Monalisa khuntia

Make in India programme- Amendment in Customs Needed-CA. Madhukar N. Hiregange-CA. Monalisa KhuntiaIntroduction:The new government has acknowledged the importance of manufacturing in India by initiating the Make in India programme/ camp

  4 comments |   6071 Views


14 October 2014 at 10:43

Concept of Duty Drawback

  POSTED BY CA Monalisa khuntia

Concept of Duty Drawback-By CA. Monalisa Khuntia IntroductionDuty Drawback has been one of the popular and principal methods of encouraging export. It is a relief by way of refund/ recoupment of custom and excise duties paid on inputs or raw material

  11 comments |   74192 Views


13 August 2014 at 10:37

A Brief synopsis on Export Oriented Units

  POSTED BY CA Nischal Agarwal

Brief Highlights about EOU An EOU is basically an Export Oriented units which can be set up in the declared ‘warehouse stations’ in India. There are almost 300 such warehouse stations. EOU units are very closely connected with Customs Law

  1 comments |   3239 Views


25 July 2014 at 13:20

Proposed Section 35F – Implications & Queries

  POSTED BY Anand Mishra

The proposed Section 35F compels an assessee to have endless thoughts and hence I have tried to deal with some of them as below: Query 1(a) Whether an assessee is supposed to file a stay application along with an appeal before CESTAT? Answer: Yes, it

  1 comments |   5924 Views


08 July 2014 at 12:22

No time limit for SAD Refund

  POSTED BY Sandeep garg

SONY INDIA PVT LTDVS.THE COMMISIONER OF CUSTOM, NEW DELHI(In the High Court of DELHI) SAD Refund: Limitation Period is not applicable. Statutory provisions: According to Notification No: 102/2007-Customs, a trader is allowed refund of SAD (i

  3 comments |   8242 Views


05 March 2011 at 12:31

Introduction of Self-assessment of Goods under Customs

  POSTED BY Pradeep Jain

Introduction of Self-assessment of Goods under Customs Prepared By: CA Pradeep Jain and Sukhvinder Kaur, LLB[FYIC] The Finance Minister has in Budget 2011-12 proposed to introduce self-assessment in Customs. In it speech the Finance Minister h

  0 comments |   4947 Views








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