Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52… Read More »
Reduction in Import Duty to stabilize the domestic prices The Government has reduced the import duty on many items in the recent months. In order to, inter alia, stabalise the domestic prices, the Government has reduced import duty on the following goods in the recent past: i. With effect from 23.09.2016, import duty on palm… Read More »
OFFICE OF THE COMMISSIONER OF CUSTOMS (NS – II) JAWAHARLAL NEHRU CUSTOM HOUSE, POST: SHEVA, TALUKA: URAN, DIST: RAIGAD, MAHARASHTRA, PINCODE – 400 707. F.No.S/ 12-Gen-Misc-696/ 2016- 17DBK/NS-II(JNCH) Date: 31.03.2017 PUBLIC NOTICE NO. 44/2017 Sub:- Digitization of Drawback Refund claims under section 74, Supplementary and Manual Brand rate Drawback claims at JNCH, Nhava Sheva –… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.12/2017-Customs New Delhi, the 5th April, 2017 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do,… Read More »
Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.22/2017-CUSTOMS (N.T.), dated 16th March, 2017, except as respects things done… Read More »
Executive Summary of CAG Report No.1 of 2017 – Union Government (Indirect Taxes – Customs) During the financial year 2015-16 the Custom Receipts of Rs. 2,10,338 crore grew by 12 percent over the previous financial year. The ratio of Customs duty collected to GDP was 1.55 percent. Duty foregone on account of export promotion schemes… Read More »
Revenue Department exceeds Revised Tax Collections target for 2016-17 around 18% taken together in case of Direct and Indirect Taxes; Provisional figure of Total Tax Collections in 2016-17 is Rs. 17.10 Lakh Crore as against the Revised Target of Rs. 16.97 Lakh Crore.; Direct Tax collections up to March, 2017 stood at Rs. 8.47 Lakh… Read More »
MINISTRY OF FINANCE Department of Revenue [CENTRAL BOARD OF EXCISE AND CUSTOMS] NOTIFICATION New Delhi, the 31st March, 2017 No. 26/2017-Customs (N.T.) G.S.R. 323(E).—In exercise of the powers conferred by section 157 read with section 46 of the Customs Act, 1962(52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations… Read More »
Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52… Read More »
Taxation Laws Amendment Bill 2017 introduced in Lok Sabha to amend Customs Act and Excise Act The Taxation Laws (Amendment) Bill, 2017 AS INTRODUCED IN LOK SABHA Bill No. 69 of 2017 Taxation Laws (Amendment) Bill 2017 -Introduced in Lok Sabha -Download-Print Corrigenda