Category Archives: Custom

Guidelines for Valuation of second hand machinery

By | October 22, 2015

Circular No. 25 /2015 F. No. 467/34/2006-Cus.V Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 15th October 2015 All Principal Chief Commissioners All Chief Commissioners of Customs, All Chief Commissioners of Customs & Central Excise, All Directorate Generals, Chief Departmental Representative, All Principal Commissioners of Customs, All Principal… Read More »

Amendment in the Principal Notification No. 61/94-Custosm(N.T) dated 21.11.1994

By | October 16, 2015

[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. 99/2015-Customs (N.T.)  New Delhi, the 15th October, 2015          G.S.R. …..(E).- In exercise of the powers conferred by clause (a) of sub-section (1)… Read More »

Rate of exchange of conversion of foreign currency with effect from 16th October 2015

By | October 16, 2015

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 101/2015 – Customs (N.T.)  Dated the 15th October, 2015  In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of… Read More »

Issuance of Electronic Delivery Orders for Ease of Doing Business

By | October 16, 2015

Circular No. 24 /2015- Customs F.No. 450/226/2014- Cus IV Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, Dated: 14.10.2015 To All Chief Commissioner of Customs / Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs All Commissioners of Customs and Central Excise Sir / Madam, Subject: Improving Ease of Doing Business – Issuance of Electronic Delivery Orders -regarding As part of Government’s initiatives for improving “Ease of Doing Business”, several facilitation measures are being taken by the Central Board of Excise & Customs. After consultation… Read More »

Supreme Court has power to reduce interest on delayed payment even below rate fixed under bond

By | October 14, 2015

Mere because, as per bond, assessee had agreed to pay interest at 24 per cent per annum, that would not take away right of Supreme Court to reduce rate of interest if ends of justice so warrant; hence, on facts, rate was reduced to 9 per cent SUPREME COURT OF INDIA Commissioner of Customs, Hyderabad… Read More »

Increases in customs duty on ghee, butter and butter oil to 40%

By | October 6, 2015

Notification No. 49/2015-Customs –Dated-  5th October, 2015- Seeks to further amend notification No. 12/2012-Customs dated 17.03.2012 so as to increase the basic customs duty on ghee, butter and butter oil from the present rate of 30% to 40% for a period of 6 months i.e upto and inclusive of the 31st day of March, 2016.… Read More »

CBEC :Circulars contrary to Supreme Court judgment need not be followed

By | September 28, 2015

Q Whether Circulars contrary to Supreme Court judgment need to be followed? As per the following clarification Circulars contrary to Supreme Court judgment need not be followed CLARIFICATION REGARDING BINDING NATURE OF CIRCULAR AND INSTRUCTIONS CIRCULAR NO. 1006/13/2015-CX, DATED 21-9-2015 A large number of judgments have been delivered by the Hon’ble Supreme Court on various… Read More »

Apples Import through Nhava Sheva Port

By | September 15, 2015

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION – 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE NEW DELHI NOTIFICATION NO. 21/2015-2020 Dated: September 14, 2015 Subject: Amendment in import policy conditions of apples under Exim code 0808 10 00 of Chapter 08 of ITC (HS),… Read More »