Custom Articles

Recovery of Drawback claimed, on non realization of export proceeds

Bimal Jain 14 December 2016 at 11:11

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.

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

CA Prakash N 22 August 2016 at 10:48

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

Refund of SAD

Baqar Abidi 20 May 2016 at 11:27

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

Customs Valuation - Significant amendments in SVB procedures

Yash Goyal 15 February 2016 at 10:47

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

Export promotion capital goods scheme (EPCG)

Harshal Fifadra 29 September 2015 at 10:37

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

Types of duties under customs

CMA Poornima Madhava 11 June 2015 at 11:04

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

Benefit to exporters under foreign trade policy 2015-2020

CA. SRIKANTHA RAO T 15 May 2015 at 10:54

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

Baggage Rules

CMA Poornima Madhava 17 March 2015 at 10:41

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

Make in India programme- Amendment in Customs Needed

CA Monalisa khuntia 28 October 2014 at 10:39

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

Concept of Duty Drawback

CA Monalisa khuntia 14 October 2014 at 10:43

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