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Special procedures under investigations by SVB

To curb the loss of revenue the authorities developed a Specialized Investigation Branch of Customs. This branch of customs is called "SPECIAL VALUATION BRANCH OF CUSTOMS (S V B)"...

Posted in articles |   249 Views


Acceptance of undertaking in lieu of a bond for customs clearance

Section 143AA of the Customs Act, 1962' wherein relaxation was given to accept an undertaking in lieu of a bond required during customs clearance upto 30.04.2020, subject to conditions as underlined in the circular...

Posted in articles |   154 Views


Summary of custom notifications issued in the month of May'19

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) ..

Posted in articles |   2 comments |   865 Views


Service Export From India Scheme (SEIS) - Get 5-7% rebate on Service exports

Know how you can get 5-7% rebate on your Service exports by the Government of India. This article includes Nature of Rewards, Eligibility Criteria and the services eligible for SEIS scheme...

Posted in articles |   1394 Views


Importation of Good in India

Globalisation refers to the growing economic interdependence of countries across the globe through the increasing volume and variety of cross-border transaction..

Posted in articles |   1 comments |   1600 Views


e-SANCHIT Under Customs - A Brief Note

The Central Board of Excise & Customs (CBEC) has launched e- SANCHIT on a pilot basis from 20th October 2017 for paperless processing, uploading of supporti..

Posted in articles |   1 comments |   1935 Views


Customs Authorized economic operator program

AEO APPLICABLITY, BENIFITS, VALIDITY,RENEWAL, TYPES..

Posted in articles |   1136 Views


Abolishment of IEC under GST

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..

Posted in articles |   4 comments |   8527 Views


Guidelines for launching of prosecution by custom department

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..

Posted in articles |   872 Views


Comedy of corruption! The curious case of Sale Tax Department

Comedy of corruption! The curious case of Sale Tax Department..

Posted in articles |   21 comments |   6192 Views


Recovery of Drawback claimed, on non realization of export proceeds

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...

Posted in articles |   873 Views


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

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..

Posted in articles |   1340 Views




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