Blog Archives

Notification No. 03/2019-Customs (ADD), Dated: 15.01.2019

Seeks to further amend notification No. 1/2017-Customs(ADD) dated 5th January, 2017 to prescribe ADD on exports from Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation on the basis of final findings of the Designated Authority in this regard. Government of India Ministry of Finance (Department of Revenue) Notification […]

Notification No. 02/2019-Customs (ADD), Dated: 15.01.2018

seeks to rescind notification Nos.30/2018 – Customs(ADD) and 31/2018 – Customs (ADD) both dated 30.05.2018 that provided for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation (Exporter/ Trader) till the final findings of New Shipper Review […]

Customs Rate of Exchange of Foreign Currency wef 12.01.2019

Customs Rate of Exchange of Foreign Currency Conversion wef 12.01.2019 notified vide Notification No. 03/2019 – Customs (N.T.) dated 11th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ******* Notification No. 3/2019 – Customs (N.T.) Dated the 11th January, 2019 In exercise of the powers conferred by […]

Goods cannot be treated as Smuggled for mere non-maintenance of books

UOI Vs Imtiaz Iqbal Pothiwala (Bombay High Court) We are of the view that in the absence of evidence in the form of regular Books of Account, Registration under the Income Tax and Sales Tax, etc., cannot ispo­facto lead to the conclusion that the seized gold bars, are smuggled gold bars. These may lead to proceedings for […]

IGST Export Refunds: Resolution of Export General Manifest errors

CBIC Circular No. 01/2019-Customs deals with Errors related IGST Export Refunds and resolves issues in IGST Export Refunds  due to (i) Online filing of both local and Gateway EGM not being done on time by the concerned stakeholders. (ii) Mismatch in local and gateway EGM details wherever both are filed online. and (iii) Non-filing of stuffing […]

Customs Rate of Exchange of Foreign Currency wef 04.01.2019

Customs Rate of Exchange of Foreign Currency Conversion wef 04.01.2019 notified vide Notification No. 02/2019 – Customs (N.T.) dated 3rd January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOAR OF INDIRECT TAXES AND CUSTOMS) ***** Notification No.02/2019 – Customs (N.T.) New Delhi, dated the 3rd January, 2019 13 Pausha, 1940 (SAKA) In exercise […]

Tariff concessions on import of Moro car gear box & parts from Japan

Seeks to further amend Notification No. 69/2011-Customs, dated 29th July, 2011 so as to provide a deepen the concessional rate of basic customs duty in respect of tariff item 8708 40 00 [gear box and parts thereof, of specified motor vehicles], w.e.f. 1st of January, 2019, when imported under the India-Japan Comprehensive Economic Partnership Agreement […]

Tariff concessions on specified goods when imported from Malaysia notified

Seeks to amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 01.01.2019 vide Notification No. 84/2018 – Customs dated 31st December, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification […]

Tariff concessions on specified goods when imported from Korea RP notified

Seeks to amend notification No. 152/2009-Customs dated 31.12.2009 so as to provide deeper tariff concessions in respect of specified goods imported from Korea RP under the India-Korea Comprehensive Economic Partnership Agreement (CEPA) w.e.f. 01.01.2019 vide Notification No. 83/2018 – Customs dated 31st December, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. […]

CBIC defers RFID – Electronic sealing of goods

Electronic Sealing-Deposit in and removal of goods of goods from Customs Bonded Warehouses-deferment of Circular 19/2018-Customs dated 18th June, 2018 Circular 54/2018-Customs F.No.484/03/2015- ILC(Vol-11) Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs ***** North Block, New Delhi Dated 31st December, 2018 To, The Principal Chief Commissioners/Chief Commissioners The […]

Notification Fixing Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold & Sliver wef 31.12.2018

Tariff Notification No. 102/2018-CUSTOMS (N.T.) dated: 31st December, 2018 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 102/2018-CUSTOMS (N.T.) New Delhi, 31st December, 2018 10 Pausha, 1940 (SAKA) […]

CBIC exempt temporary importation of private road vehicles from IGST & compensation cess

Seeks to amend notification no. 296/76 dated 02.08.1976 to exempt temporary importation of private road vehicles from IGST and compensation cess vide  Notification No. 86/2018 – Customs Dated 31st December, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 86/2018-Customs New Delhi, the 31st December, 2018 G.S.R. (E).- In exercise of the […]