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custom Archives - All About Finance

custom

Basic customs duty on wheat has been increased from 10% to 25% for a period up to 31.03.2016

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Government has made the following changes in indirect tax rates, effective from today, that is 19th October, 2015:  1) In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of this financial year, basic customs duty on wheat has been increased from … Read more

24×7 Customs clearance facility would be made available to 13 more airports in respect of all export goods and to 14 more sea ports in respect of specified import and export goods

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Circular No. 19/ 2014-Customs F. No. 450/25/2009-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) *****   Room No. 229-A, North Block New Delhi, dated 31.12.2014 To, All Chief Commissioners of Customs/Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs/Customs (Preventive) All … Read more

Custom duty on crude and refined edible oils is increased – Custom Notification 34/2014

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TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]  MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 34 /2014-Customs New Delhi, the 24th December, 2014                          G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of             section 25 of … Read more

Rate of exchange of conversion of each of the foreign currency with effect from 19th December, 2014

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3,   GOVERNMENT OF INDIA   DEPARTMENT OF REVENUE   NOTIFICATION   DATED THE 18th December, 2014     SCHEDULE-I Foreign Currency currency equivalent to Indian rupees (2)   (a) (For Imported 1. 52.35 2. 172.75 3. 55.05 4. 10.65 5. 79.15 6. 8.25 7. … Read more

Norms for Execution of Bank Guarantee in respect of Advance License/Export Promotion Capital Goods (EPCG) Schemes

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F.No.605/144/2013-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise& Customs Drawback Division       New Delhi, dated the 18th December, 2014   To All Chief Commissioners of Customs / Customs (Prev)/ Central Excise & Customs, All Directors General of CBEC / Chief Commissioner (AR), CESTAT, All Commissioners of Customs/Customs (Prev)/Customs & Central Excise/Commissioners … Read more

Re-warehousing of goods imported and/or procured indigenously by EOU/EHTP/STP/BTP units

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Circular No.16/2014-Customs F.No. 605/75/2014-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise& Customs Drawback Division     New Delhi, dated the 18th December, 2014   To All Chief Commissioners under CBEC All Directors General under CBEC / Chief Commissioner (AR), CESTAT All Commissioners under CBEC.   Madam/Sir,   Subject:  Re-warehousing of goods imported and/or … Read more

Authentication of supply invoice/ ARE-3 by the Central Excise Authorities for Claiming Deemed export benefits

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Circular No.17/2014-Customs   F.No.605/75/2014-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise& Customs Drawback Division     New Delhi, dated the 18th December, 2014   To All Chief Commissioners under CBEC All Directors General under CBEC / Chief Commissioner (AR), CESTAT All Commissioners under CBEC.   Ma’am/Sir,   Subject:  Authentication of supply invoice/ ARE-3 … Read more

Amendments in Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs)   Notification No.114/2014 – Customs (N. T.)   New Delhi, 15th December, 2014 24  Agrahayana, 1936 (SAKA)   S.O. … (E).– In exercise of the powers conferred by sub-section … Read more

Exemption from the duties of Customs to goods imported for donation for the relief and rehabilitation of people affected by the floods in the State of Jammu and Kashmir up to 31st March 2015

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]   GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)   New Delhi dated the 11th December, 2014   Notification No. 33/2014-Customs   G.S.R.   (E).-   In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, … Read more

Rate of exchange of conversion of each of the foreign currency relating to imported and export goods with effect from 21st November, 2014 – Notification

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[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]   GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS   Notification No.111/2014 – Customs (N.T.)   DATED THE 20th November, 2014 29 Kartika, 1936(SAKA)   S.O.       (E). – In exercise of the powers conferred by section 14 … Read more