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News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : Custom

Change in Tariff Value of RBD Palmolein, Brass Scrap (All Grades) Poppy seeds, Gold and Silver Notified
Posted Date : 15-Nov-2012 , 07:41:05 pm | Posted By CASANSAAR

S.O. ____ (E).– 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 Go...

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Category : Custom | Comments : 0 | Hits : 296

Change in Tariff Value of RBD Palmolein, Brass Scrap (All Grades) Poppy Seeds, Gold and Silver Notified
Posted Date : 16-Oct-2012 , 10:39:37 pm | Posted By CASANSAAR

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 (CBEC), being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of Ind...

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Category : Custom | Comments : 0 | Hits : 322

Rate of Exchange of Conversion of Foreign Currency Into Indian Currency or Vice Versa Relating to Imported And Export Goods Notified; to come into effect from 10.10.2012
Posted Date : 09-Oct-2012 , 09:06:45 pm | Posted By CASANSAAR

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. 91/2012-CUSTOMS (N.T.) date...

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e-Payment of Customs Duty Made Mandatory
Posted Date : 07-Sep-2012 , 09:17:33 pm | Posted By CASANSAAR

In order to further reduce transaction cost of the importers and as a trade facilitation measure, it has been decided to make e-payment mandatory for importers registered under Accredited Clients Programme and importers paying customs duty of one lakh rupees or more per Bill of Entry with effec...

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Rate of Exchange of Conversion of Foreign Currency into Indian Currency or Vice Versa Relating to Imported and Export Goodsnotified
Posted Date : 06-Sep-2012 , 09:13:58 pm | Posted By CASANSAAR

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.75/2012-CUSTOMS (N.T.), dated the 16th August, 2012 vide number S.O.1851 (...

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Category : Custom | Comments : 0 | Hits : 361

CBEC Issues Foreign Currency Conversion rate for Import and Export
Posted Date : 18-Aug-2012 , 07:21:28 am | Posted By CASANSAAR

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.67/2012-CUSTOMS (N.T.), dated the 1st August, 2012 vide number S.O.1730 (E...

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Category : Custom | Comments : 0 | Hits : 408

CBEC issues Rate of Exchange of Foreign Currency into Indian Currency and Vice Versa Relating to Imported and Export Goods
Posted Date : 01-Aug-2012 , 07:52:04 pm | Posted By CASANSAAR

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.61/2012-CUSTOMS (N.T.), dated the 19th July, 2012 vide number S.O.1609 (E)...

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Category : Custom | Comments : 0 | Hits : 412

Import of patented goods without IPR authorisation allowed
Posted Date : 11-May-2012 , 07:34:52 am | Posted By CASANSAAR

Imports of goods protected by patent or trademarks are permitted even without authorisation of the Intellectual Property Rights (IPR) holder, according to the Finance Ministry.The clarification was given in the backdrop the dispute between global personal computer maker Dell and traders who were sou...

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Category : Custom | Comments : 0 | Hits : 520

Change in Tariff Value of Gold Notified
Posted Date : 23-Mar-2012 , 09:44:29 pm | Posted By CASANSAAR

  Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No.24/2012-Customs (N.T.) dated March 22, 2012 and thereby notifying change in tariff value of Gold as shown in the tables below:           &nb...

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Presidential Awards for Officers of Customs & Central Excise and Directorate of Enforcement
Posted Date : 24-Jan-2012 , 08:46:26 pm | Posted By CASANSAAR

The officers of the Customs & Central Excise Department are considered for grant of Presidential Award of Appreciation Certificate for exceptionally meritorious service rendered at the risk of life and specially distinguished record of service on their achieving and maintaining excel...

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Category : Custom | Comments : 0 | Hits : 404

Anti-dumping duty on Chinese chemical extended for 5 yrs
Posted Date : 18-Aug-2011 , 02:41:00 pm | Posted By CASANSAAR

The government has decided to continue imposing anti-dumping duty of up to $ 515.94 per tonne on imports of a chemical from China, used in industries like pharmaceuticals and dyeing, for five more years to protect domestic industry. The restrictive duty on Sodium Nitrite, which is also used in ...

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Category : Custom | Comments : 0 | Hits : 625

Introduction of a Legislative Amendment Bill to amend the Customs Act, 1962 (52 of 1962) with retrospective effect to validate Show Cause Notices issued for demand of Customs duty
Posted Date : 21-Jul-2011 , 06:43:59 pm | Posted By CASANSAAR

The Union Cabinet today gave its approval for introducing a Legislative Amendment Bill to amend Section 28 of the Customs Act, 1962 (52 of 1962) to retrospectively recognize specified Customs officers as 'proper officers' for assessment of Customs duty thereby validating large number of Show Cause N...

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Category : Custom | Comments : 0 | Hits : 506

Anti-dumping duty imposed on Japanese, Chinese gas
Posted Date : 19-Jul-2011 , 12:55:09 pm | Posted By CASANSAAR

India has imposed anti-dumping duty of up to $1.41 per kg on imports of a gas, used primarily for refrigeration purpose, to protect domestic players from cheap Chinese and Japanese shipments.   The restrictive duty on the import of '1,1,1,2-Tetrafluoroethane or R-134a' would be imposed for ...

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Category : Custom | Comments : 0 | Hits : 511

Govt allows duty-free import of veg, fruits from Dhaka
Posted Date : 17-Jul-2011 , 01:21:05 pm | Posted By CASANSAAR

Ahead of Prime Minister Manmohan Singh's visit to Bangladesh, India, in a goodwill gesture, has allowed zero duty import of vegetables, spices and garments from the neighbouring country, with immediate effect. However, Bangladesh exporters would enjoy the duty concession only if they dispatch the...

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Customs Notification issued adding Philippines as A Country Covered under India and ASEAN PTA
Posted Date : 27-Jun-2011 , 10:29:10 am | Posted By CASANSAAR

  The Department of Revenue, Ministry of Finance had issued Customs Notification No. 40/2011 Customs (N. T.) dated 24th June, 2011 notifying amendments in the Customs Tariff [Determination of Origin of Goods under the Preferential Trade Agreement between the Governments of Member States of th...

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Category : Custom | Comments : 0 | Hits : 575

SC grants 4 weeks to Skoda to pay Rs 30 cr to customs dept
Posted Date : 15-May-2011 , 09:01:34 pm | Posted By CASANSAAR

Skoda India has agreed before the Supreme Court to pay within four weeks Rs 30 crore to the Customs Department as pre-deposit money for initiating adjudication before the tax tribunal where it has challenged the imposition of duty of Rs 194 crore. A bench comprising justices D K Jain and H L Dattu a...

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Category : Custom | Comments : 0 | Hits : 570

India may move WTO against US countervailing duty on steel
Posted Date : 15-Apr-2011 , 12:35:28 am | Posted By CASANSAAR

Govt to appeal amid fear that the US and EU may extend it to other products. Exporters of steel and, in turn, the Union ministry of commerce are getting worried at the increased resort by the US of countervailing duty (CVD) to bring down imports from India.   CVD is primarily used to counter ...

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Category : Custom | Comments : 0 | Hits : 625

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