In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so,...
Custom Duty
CUSTOM-The basic principle of levy of customs duty, in view of the aforementioned provisions, is that the value of the imported goods has to be determined at the time and place of importation. The value to be determined for...
Century Metal Recycling Pvt. Ltd. and Another Vs. Union of India and Others - MAY 17, 2019 -Valuation Alerts, as also stated by the respondents, are issued by the Director General of Valuation based on the monitoring of valuation...
We would reproduce Section 14 of the Act and Rules 3 and 12 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 (‘the 2007 Rules’, for short) which read as under: “ Section 14: Valuation of Goods. (1) For the...
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No.55/2018 – Customs (N.T.) New Delhi, dated the 21st June, 2018 31 Jyaistha 1940 (SAKA) In exercise of the powers...
Customs Act, 1962 Chapter- I Preliminary Chapter -II Officers of Customs Chapter -III Appointment of Customs Ports, Airports, Warehousing Stations etc. Chapter -IV Prohibitions on importation and exportation of goods Chapter- IVA Detection of illegally imported goods and prevention...
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