Category Archives: Custom

Customs (Import of goods at concessional rate of duty for manufacture of excisable goods) second (amendment) Rules 2016

By | July 15, 2016

Customs (Import of goods at concessional rate of duty for manufacture of excisable goods) second (amendment) Rules 2016 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No 100/2016-Cus (NT), dt. 14-07-2016 G.S.R. (E).- In exercise of the powers conferred by section 156 of the Customs Act, 1962… Read More »

Amend notification No.61/2011-Customs dated 15.07.2011.

By | July 13, 2016

Seeks to amend notification No.61/2011-Customs dated 15.07.2011. [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) Notification No. 31/2016-Customs (ADD) New Delhi, the 11th July, 2016 G.S.R. (E). -In exercise of the powers conferred by sub-section (1) and sub-section (5)… Read More »

Manufacturer or merchant-exporter registration for availing duty free import entitlement

By | July 13, 2016

Seeks to further amend notification No. 12/2012-Customs, dated 17.03.2012 [S. No. 284A] so as to provide that the manufacturer or merchant-exporter, referred to therein, may also be registered with the Cotton Textiles Export Promotion Council, in addition to Apparel Export Promotion Council or the Synthetic and Rayon Textile Export Promotion Council and may seek certification… Read More »

Draft revised Authorised Economic Operator scheme guidelines notified

By | July 10, 2016

India’s Central Board of Excise and Customs (CBEC) issued draft guidance for comments concerning an Authorised Economic Operator (AEO) regime. Among the benefits under the AEO programme would be a higher facilitation level; the facility of direct port delivery or entry; reduced bank guarantees; expedited investigations and dispute resolutions; paperless declarations with no supporting document… Read More »

30.8% growth in Indirect tax collection for 1st quarter of 2016-17

By | July 8, 2016

Indirect tax collection for the 1st quarter of 2016-17 indicates a growth rate of 30.8%       The figures of indirect tax collection for the 1st quarter of current  fiscal 2016-17 indicates a growth rate of 30.8% as compared to the 36.3% in the corresponding period of previous financial year. Once the Additional Resource Mobilization(ARM) is… Read More »

Bunker fuel meant for vessels can be kept in warehouse without payment of duty

By | July 7, 2016

NOTIFICATION NO.31/2016-C.E. (N.T.), DATED 4-7-2016 In exercise of the powers conferred by sub-rule (1) of rule 20 of the Central Excise Rules, 2002, the Central Government being satisfied that it is necessary in public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of… Read More »