Category Archives: Custom

Solvency Certificate equal to duty amount for storage in private bonded warehouse required :CBEC

By | June 3, 2016

Requirement of Solvency Certificate for the purposes of Private Warehouse Licensing Regulations 2016 Circular No. 24 /2016 – Customs F. No. 484 / 03 / 2015 – LC (Vol II) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** New Delhi, the 2 nd June 2016 To, All… Read More »

New ports to allow import/export under EP schemes

By | June 3, 2016

Adds new ports in EP notifications to allow import/export under EP schemes from these ports 36/2016-Cus,dt. 01-06-2016 Related Post Security under section 59 (3) of the Customs Act 14 New Airports in India Railways for Port Connectivity to Boost Country’s Imports and Exports Govt Notify Land Ports Authority of India (Fees and Other Charges) Regulations,… Read More »

Foreign Currency Exchange Rate Notified

By | June 3, 2016

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 (CBEC) No.77/2016-CUSTOMS (N.T.), dated 19th May, 2016, except as respects things done… Read More »

No Interest on warehoused goods prior to allowing extensions of warehousing period

By | June 2, 2016

Manner of payment of interest on warehoused goods Circular No. 23/2016 -Customs F. No. 473/20/2013-LC Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** New Delhi, the 1st June 2016 To, All Principal Chief Commissioners Customs, All Principal Chief Commissioners of Customs & Central Excise, All Chief Commissioners… Read More »

Key Tax amendments from 01.06.2016

By | June 1, 2016

Tax amendments from 01.06.2016 ( As per Finance Act 2016) Key Indirect Tax Amendments from 01.06.2016 Tax amendments from 01.06.2016 :Krishi Kalyan Cess Krishi Kalyan Cess, imposed by Finance Act 2016 by inserting new Chapter-VI Krishi Kalyan Cess, @ 0.5% on all taxable services, Krishi Kalyan Cess will come into force w.e.f 01.06.2016 . You… Read More »

Security under section 59 (3) of the Customs Act

By | June 1, 2016

Circular No. 21/2016 -Customs F. No. 484 / 03 / 2015 – LC (Vol II) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** New Delhi, the 31st May 2016 To, All Principal Chief Commissioners Customs, All Principal Chief Commissioners of Central Excise & Customs, All Chief Commissioners… Read More »

Anti dumping duty on Dichloromethane (Methylene Chloride)

By | June 1, 2016

Seeks to impose anti-dumping duty on ‘Dichloromethane (Methylene Chloride)’ of all types [tariff item 2903 12 00], originating in or exported from People’s Republic of China or Russia, for a period of five years (unless revoked, superseded or amended earlier), from the date of imposition of the provisional anti-dumping duty i.e. from the 08th of… Read More »

Notification No. 19/2016-Customs (ADD)

By | May 21, 2016

Seeks to amend notification No. 40/2012 -Customs (ADD) dated 30th August, 2012, so as to amend, for the purposes of levy of Anti-Dumping Duty on imports of ‘Metronidazole’ originating in, or exported from China PR, the name of the Exporter from ‘M/s Hubei Hongyuan Pharmaceutical Co., Ltd’ to ‘M/s Hubei Hongyuan Pharmaceutical Technology Co., Ltd’.… Read More »