Issuance of Show Cause Notices and Adjudication Orders through DIGIT
Dated 28th March, 2018 | Copy of | Customs Instruction No.05 | CUSTOMS No.391/40/2017-Cus(AS)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise & Customs(Anti-Smuggling Unit)New Delhi ToAll Principal Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive),All Principal Commissioners/Commissioners of Customs/Customs (Preventive)The Director General, Directorate of Revenue Intelligence. Completion of Data Entry in DIGIT; Issuanceof Show Cause Notices and AdjudicationOrders through DIGIT - Regarding. The Board and the Directorate of Revenue Intelligence have repeatedly emphasised the importance of timely completion of data entry in DIGIT by all formations and the need to rely on DIGIT as a complete database for Customs offences.2. Use of DIGIT as the single source of Customs offences would be possible only when all concerned formations complete the task of data entry in ...
Customs procedure for export of cargo in containers and closed bodied trucks from ICDs
Dated 22nd December, 2017 | Copy of | Customs Circular No.52/2017 | F.No: 550/05/2011-LCGovt. of IndiaMinistry of FinanceDept. of RevenueCentral Board of Excise & CustomsNew Delhi** ** ** To,The Principal Chief Commissioners/Chief CommissionersThe Principal Commissioners/Commissioner of Customs Customs procedure for export of cargo in containers and closed bodied trucks from ICDs/CFSs through Land Customs Stations (LCSs) – Reg. References have been received from various Ministries, trade associations and leading exporters regarding long queues of export trucks at borders and inordinate delays in export of cargo through Petrapole.2. Earlier, the Board had issued Circular 18/2002-Cus dated 13th March 2002 as amended by Circular 61/2003 dated 18th July 2003 with a view to decongest border points, minimize interventions at the border and provide speedier clearance ...
Tariff value of specified goods further revised
Dated 15th December, 2017 | Copy of | Notification No.116/2017-Customs In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S.O.748 (E), dated the 3rd August, 2001, namely:- In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted namely:- Sd/- (Zubair Riaz) Director (Customs) F.No.467/01/2017-Cus-V Issued by: Ministry ...
A history of the GST Roll-Out
The Dollar Business Bureau Goods and Services Tax (GST), a historic tax reform, will come into effect from tomorrow i.e.1st July 2017. GST will completely transform the Indirect Taxation landscape in the country involving both the Central and State levies. In a departure from the normal practice, GST will be administered together by the Centre and States. Why is GST important? The biggest tax reform since independence - GST - will pave the way for the realisation of the goal of One Nation - One Tax - One Market. GST will benefit all the stakeholders namely industry, government and consumer. It will lower the cost of goods and services, give a boost to the economy and make the products and services globally competitive, giving a ...
Changes in the duty drawback scheme appreciated by the industry
By Karan Talwar, Partner, Lakshmikumaran and Sridharan Under All Industry Drawback scheme, the rate of drawback is computed by taking into account average duty and service tax incidence across the country in the manufacturing or processing of export goods. As both customs and excise duty rates are tweaked every year,the government revises the AIR drawback rates once a year based on the data provided by the various industries associations. This year, the government has issued a revised drawback schedule on 31.10.2016 which would be effective from 15.11.2016. In the new drawback schedule, specific drawback rates have been provided for goods manufactured by hand such as articles of natural cork, basketwork, wickerwork and Artistic and Decorative crafted stone products. Similarly, certain entries have ...
Single MEIS application soon to ease exporters
The Dollar Business BureauThe CBEC chief said that there would be a single Merchandise Exports from India Scheme (MEIS) application for all Electronic Data Interchange (EDI) ports soon.“In accordance with the objective to boost the ease of doing business in India, Integrated declaration has been created under the Customs single window, where exporters would not be needed to get approval from various other agencies,” informed Najib Shah, Chairman, Central Board of Excise & Customs (CBEC) at a session organised by Federation of Indian Export Organisations (FIEO) in New Delhi on Friday. According to a release issued by FIEO, the CBEC Chairman was quoted as saying that several Partner Government Agencies like Drug Controller, Food Safety and Standards Authority of India ...
FM approves formation of two committees for GST implementation
Source: PIB, Government of India. Finance Minister has approved the formation of two Committees for facilitating implementation of Goods and Services Tax from April 1, 2016. A Steering Committee been formed under the co-chairmanship of Additional Secretary, Department of Revenue and Member Secretary, Empowered Committee of State Finance Ministers. This Committee has Members from Department of Revenue, Central Board of Excise & Customs, Goods and Services Tax Network (GSTN) and representatives of State Governments. This Committee shall monitor the progress of IT preparedness of GSTN/CBEC/Tax authorities, finalisation of reports of all the sub-committees constituted on different aspects relating to the mechanics of GST and drafting of CGST, IGST and SGST laws/rules. The Committee shall also monitor the progress on consultations with ...
Exchange Rates for Canadian Dollar and Swiss Franc revised
Dated January 30, 2015 | Notification No.16/2015 - Customs (N.T.) | S. O…. (E). – In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of Revenue) No. 09/2015-CUSTOMS (N.T.) dated the 15th January, 2015 published in the Gazette Of India, Part-II, Section 3, Sub-Section (ii), Extraordinary vide number S.O.167(E) dated, the 15th January, 2015, namely:- In the SCHEDULE-I of the said Notification, for Serial Nos. 3 & 15 and the entries relating thereto, the following shall be substituted, namely:- These rates will be effective from ...
