Category Archives: Custom

Seizure of smuggled silver or Cigarattes ; burden of proof

By | July 26, 2016

Central Board of Excise and Customs vide  Notification No 103/2016-Cus (NT), dt. 25-07-2016 has notified Silver Bullion and Cigarattes  under Section 123 (2) . Now the burden of Proof of smuggled Silver Bullion and Cigarattes shall be on the person who is in possession of these  Silver Bullion and Cigarattes  and from whom  seizure is made. Section 123 of Customs Act,… Read More »

DD/PO for appeal/application fee must be valid for 60 days

By | July 23, 2016

F.No.14 /CESTAT/MISC/2013-14 CUSTOMS,EXCISE & SERVICE TAX APPELLATE TRIBUNAL, WEST BLOCK NO.2, R.K. PURAM,NEW DELHI-66 Dated 20/07/2016 CIRCULAR During receipt of Appeal/application in Central Registry, it has been noticed that the DD/PO, submitted towards registration fee, has only few days of validity left on the day of its submission. It may be appreciated that the DD/PO… Read More »

Authorized Economic Operator (AEO) Programme of CBEC

By | July 23, 2016

Circular No. 33/2016-Customs F.No.450/179/2009-Cus.IV(Pt) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Room No.227-B, North Block,New Delhi. Dated: 22th July, 2016 To, All Chief Commissioners of Customs / Customs (Prev.) All Chief Commissioners of Customs & Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of… Read More »

No capital gains tax on Sovereign Gold Bonds redemption : Best Investment

By | July 17, 2016

Government Unveils Fourth Tranche of Sovereign Gold Bonds. It will be open for investment by resident individuals and institutional investors from 18th to 22nd July 2016 The Ministry of Finance has launched the 4th Tranche of Sovereign Gold Bonds (SGB) and it will be open for investment by resident individuals and institutional investors from 18th… Read More »

Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

By | July 15, 2016

Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver  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… Read More »