Custom Articles

.style1 { font-weight: bold; } .style2 { font-weight: bold; font-style: italic; } 1. RATE OF EXCHANGE OF CONVERSION INTO INDIAN CURRENCY OR VICE VERSA WITH EFFECT FROM 3rd MAY, 2019 TO 16th MAY 2019 (Notification No. 35/2019-Customs (N.T) dated 02.05.2019) With effect from 3rd May..

Posted in Custom  2 comments |   594 Views

The SEIS or the Service Export from India Scheme, under the Foreign Trade Policy of India, was launched with the primary aim to issue various rewards to the exporters to neutralize the infrastructural inefficiencies and other related costs. It was done to bolster the export of notified services in I..

Posted in Custom |   852 Views

Importation of Good in India

  CA. Sakshi Singh    25 September 2018 at 11:05

Globalisation refers to the growing economic interdependence of countries across the globe through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology. Its majo..

Posted in Custom  1 comments |   1477 Views

e-SANCHIT Under Customs - A Brief Note

  PRABHAKAR KS    29 January 2018 at 11:16

The Central Board of Excise & Customs (CBEC) has launched e-SANCHIT on a pilot basis from 20th October 2017 for paperless processing, uploading of supporting documents, to facilitate the trading across Borders. The 'India Customs Single Window' allows importer..

Posted in Custom  1 comments |   1672 Views

## What is AEO (Authorized Economic Operator?) AEO is facilitation scheme i.e. holder of this certificate is entitled for certain privilege, benefits and exemption on account of import and export, In India, AEO certification is Three-Tier AEO (T1, T2, T3).This three tier certification is launched..

Posted in Custom |   911 Views

Abolishment of IEC under GST

  anjaligorsia    16 June 2017 at 11:01

IEC TO BE ABOLISHED; GSTIN TO BE IN FUTURE In this article author discuss the change in IEC with the introduction of GST w.e.f. (the notified date.) IMPORT EXPORT CODE registration is required by a person for exporting or importing goods. It is a 10 digit code, which is PAN bas..

Posted in Custom  4 comments |   8010 Views

In pursuance of  Circular No. 27/2015-Customs dated 23.10.2015 (further amended vide Circular No. 46/2016-Customs dated 04.10.2016) and revising the guidelines issued vide order No.394/71/97-CU S (AS) dated 22.06.1999 by Custom department issue guideline for launching of prosecution in relation..

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I hurried inside the elevator of the Sale Tax Department among others and breathed in the usual "fragrance" of tobacco and paan plastered colourfully on the door. My pocket felt heavy with currency notes which, by the time I would leave, would become considerably lighter! Perhaps yo..

Posted in Custom  21 comments |   6023 Views

We are sharing with you an important judgment of the Hon’ble Supreme Court of India, in the case of Surinder Singh Vs. Union of India [2016 (340) E.L.T. 97 (S.C.)] on the following issue: Issue: Whether Customs duty and Excise duty portion of drawback already claimed by the assessee can ..

Posted in Custom |   752 Views

Warehousing provisions relaxed for EOUs, STPIs, EHTPs etc. 1. Introduction Chapter 6 of the Foreign Trade Policy (FTP) provides for manufacture of goods and supply of services, including repair, re-making, reconditioning, re-engineering by Export Oriented Units (EOUs), Electronics Hardware Tec..

Posted in Custom |   1145 Views

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