Nominated Banks for Customs Commissionerates (For payment of duty) Sr.No. Customs Commissionerates Nominated Banks 1. Ahmedabad I Bank of Baroda 2. Amritsar Punjab National Bank 3. Bangalore State Bank of India 4. Calcutta (Port) * United Bank of India 5. Calcutta (Airport & Air Cargo)* State Bank of India 6. Calcutta (Prev) State Bank of… Read More »
Amendments effective 11.2.2016 to the All Industry Rates of Duty Drawback Circular No. 06/2016-Customs F. No. 609/98/2015-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 9 th February, 2016 To Principal Chief Commissioners / Principal Directors General Chief Commissioners / Directors General Principal Commissioners &… Read More »
Tariff Notification in respect of Fixation of Tariff Value of Edible Oil, Brass, Poppy Seed, Areca Nut, Gold and Slive [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. 23/2016-CUSTOMS (N. T.) New Delhi,… Read More »
Held The demurrage charges are admittedly incurred after the goods reached at Indian ports and, therefore, it is a post-importation event. Such charges, therefore, cannot form part of the transaction value. Issue in this behalf is settled by this very Bench in the case of Commissioner of Customsv. Essar Steel Ltd. [2015] 51 GST 181… Read More »
[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) (Central Board of Excise and Customs) Notification No. 8/2016 Customs New Delhi, the 5th February, 2016 G.S.R._____________(E).- In exercise of the powers conferred by sub-section (1) of section 25… Read More »
Held simultaneous penalties can be imposed on the firm and the partners under the Act and more particularly under Section 112(a) of the Act. However as the Act itself stipulates, the same would be subject to the parties proving that the contravention has taken place without their knowledge or despite exercise of all due diligence to prevent such contravention. HIGH COURT OF BOMBAY Amritlakshmi Machine Works v. Commissioner of Customs (import),Mumbai M. S. SANKLECHA, M.S. SONAK AND G.S. KULKARNI, JJJ. CUSTOMS APPEAL NOS. 100 TO 103 OF 2012 JANUARY 29, 2016 Naresh Thacker, C. Nanda and Chirag Shetty for the Appellant. A.S. Rao and… Read More »
Extending the Indian Customs Single Window to other locations and other Participating Government Agencies Circular No. 03/2016-Cus F.No.450/147/2015-Cus-IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) ****** New Delhi, dated the 3 rd February, 2016 To, All Chief Commissioners of Customs / Customs (Preventive), All Chief Commissioners of… Read More »
Seeks to further amend notification No. 12/2012- Customs dated 17.03.2012. [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. 7/2016-Customs New Delhi, the 2 nd February, 2016 G.S. R. (E).—In exercise of the powers conferred by sub-section (1)… Read More »
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 17 /2016 – Customs (N.T.) Dated the 01st February, 2016 12 Magha, 1937 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs… 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 »