Category Archives: Excise

Duty Drawback Scheme: Re-export under sec 74 of Customs Act 1962

By | May 9, 2016

Circular No. 16/2016-Customs F.No. 603/01/2016-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 9 th May, 2016 To Principal Chief Commissioners / Chief Commissioners Principal Directors General / Directors General Principal Commissioners/Commissioners, all under CBEC Subject: Audit Report No.15/2011-2012, Section 2 – Duty Drawback Scheme:… Read More »

Exchange rate of foreign currency relating to imported and export goods notified

By | May 5, 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.55/2016-CUSTOMS (N.T.), dated 21st  April, 2016, except as respects things done… Read More »

Area based exemption allowed to install new plant in existing unit

By | May 3, 2016

Facts of the Case and Decision  that even if factory license, ESI, PF Code and series of invoice, for new plant, are taken separately, the area based exemption under Notification 50/2003-C.E., will be allowed to the substantial expansion by installing new plant in existing plot/premises. In the said case, the assessee who was operating at… Read More »

Indian Customs- Guide to Travellers Mobile App launched

By | April 29, 2016

Mobile App namely ‘‘Indian Customs- Guide to Travellers’ launched to inform Traders/Exporters/Importers about Customs Rules Central Board of Excise and Customs (CBEC) has launched mobile app, namely, ‘Indian Customs- Guide to Travellers’. The mobile App has been developed by Bengaluru Customs to inform international travelers who may, inter-alia, be traders/exporters/importers about Customs Baggage rules. The… Read More »