Idt
This query is : Resolved
Vitesh Waikar
(Querist)
23 January 2014
Hii, pls advise, I am studying IDT but in that excise & custom I am unable to understand properly & it is my first time I am studying this & practical experience in this topic how can I get familiar.with this topic of excise & custom.
Thanks in advance
Thanks in advance
CA SAYANTAN BASU
(Expert)
25 January 2014
Dear student ,
Whenever u study a law , first read the bare act of that particular law .... For customs pls read bare act customs act 1962 and excise it is CENTRAL excise act 1944 ....
1.indian customs act 1962 has in total 160 sections while central excise act has 40 sections ....
2. for the rates of central excise duty you have to refer central xcise tariff act 1985
3.for the rates of customs duty refer to customs tarrif act 1975
4. there are 2 schedules in customs act 1975 ---- 1. first schedule --- import duty 2. second schedule ---- export duty .
5. Similarly there are 2 shedules in central excise tariff act 1985
1. basic excise duty 2. special and additional excise duty ....
in the schedules name of the product , rate of duty and tariff heading is been given ....
fOR REFERENCE PLS CHECK CA AJAI JAIN NOTES ....AND BHARAT PUBLICATION FOR BARE ACTS ....
Whenever u study a law , first read the bare act of that particular law .... For customs pls read bare act customs act 1962 and excise it is CENTRAL excise act 1944 ....
1.indian customs act 1962 has in total 160 sections while central excise act has 40 sections ....
2. for the rates of central excise duty you have to refer central xcise tariff act 1985
3.for the rates of customs duty refer to customs tarrif act 1975
4. there are 2 schedules in customs act 1975 ---- 1. first schedule --- import duty 2. second schedule ---- export duty .
5. Similarly there are 2 shedules in central excise tariff act 1985
1. basic excise duty 2. special and additional excise duty ....
in the schedules name of the product , rate of duty and tariff heading is been given ....
fOR REFERENCE PLS CHECK CA AJAI JAIN NOTES ....AND BHARAT PUBLICATION FOR BARE ACTS ....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
