Export Procedure 1. Receipt of an Order 2. Obtaining License and Quota After getting the order from the importer 3. Letter of Credit 4. Fixing the Exchange Rate 5. Foreign Exchange Formalities The foreign exchange earned by the exporter complied with FEMA. Shipping documents and negotiations are required to be done through AD. The payment…
Month: April 2022
Penalty under Section 114 (i)
2013 (4) ECS (166) (Tri – Ahd) CUSTOMS, EXCISE & SERVICE TAXAPPELLATE TRIBUNAL WEST ZONAL BENCH, AHMEDABAD COURT M/s Crystal Polymers Impex Vs. Commissioner of Customs, Kandla Appeal No.: C/274, 275, 276, 277 & 385/2008 – SM Arising out of : OIO No. KDL/COMMR/16/2008 dated 31.3.2008 Passed by : Commissioner of Customs, Kandla Represented by…
Import Tariff
Chapters Commodities SECTION I. LIVE ANIMALS, ANIMAL PRODUCTS Chapter 1 Live animals Chapter 2 Meat and edible meat offal Chapter 3 Fish and crustaceans, molluscs and other aquatic invertebrates Chapter 4 Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included Chapter 5 Products of animal origin, not elsewhere specified or…
Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh Waiver of bank guarantee
Circular No.01/2021-Customs F.No.450/96/2020-Cus-IV Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs ****** North Block, New Delhi Dated the 14th of January, 2021 To All Principal Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive), All Principal Chief Commissioners/Chief Commissioners of Customs & Central tax, All Principal Commissioners/Commissioners of Customs/Customs (Preventive),…
Seeks to amend Sea Cargo manifest and transhipment regulations 2018
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 109/2021-Customs (N.T.) New Delhi, the 31st December, 2021 G.S.R. (E). – In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53, 54, 56, sub-section (3) of section 98 and sub-section…
Customs Audit Regulations, 2018
Customs Audit Regulations, 2018 Notification No. 45/2018-Customs (N.T.) dated 24thMay, 2018 G.S.R.–(E). – In exercise of the powers conferred by clause (k) of section 157, read with section 99A and clause (ii) of sub-section (2) of section 158, of the Customs Act, 1962 (52 of 1962) and in supersession of the On-site Post Clearance Audit…
Baggage Rules, 2016
Baggage Rules, 2016 [Notification No. 30/2016-Customs (N.T.) dated 1.3.2016 as amended by Notification No. 43/2016-Customs (N.T)dated 31.3.2016 read with corrigendum dated. 1.4.2016] In exercise of the powers conferred by section 79 of the Customs Act, 1962 (52 of 1962), and in supersession of the Baggage Rules, 1998, except as respects things done or omitted…
The Customs Act, 1962
The Customs Act, 1962 CHAPTER I PRELIMINARY 1. Short title, extent and commencement. 2. Definitions. CHAPTER II OFFICERS OF CUSTOMS 3. Classes of officers of customs. 4. Appointment of officers of customs. 5. Powers of officers of customs. 6. Entrustment of functions of Board and customs officers on certain other officers. CHAPTER III APPOINTMENT…
DISSOLUTION NOTICE
DISSOLUTION NOTICE IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH (ORIGINAL JURISDICTION) (See Rule 281) Whereas the Official Liquidator attached to the Hon’ble High Court of Punjab and Haryana at Chandigarh have filed applications under Section 481 and report under Section 455 (2) of the Companies Act, 1956 of the following Companies under…
Annual Compliances under Companies Act, 2013
Annual Compliances under Companies Act, 2013 Board Meetings Every registered company is required to conduct minimum 4 board meeting every year. The maximum gap allowed between two consecutive board meetings is 120 days. Annual General Meeting First AGM is required to be conducted within 9 months from the end of financial year and in the…
Companies Act Forms
Form Description Type ADT 1 Form to inform the Registrar regarding the appointment of auditor by the company e-Form ADT 2 Application for removing the auditor before the expiry of their term by the company e-Form ADT 3 Notice of resignation of auditor e-Form ADT 4 Form to report any suspected fraud by the auditor…
Nomination under Companies Act
ARUNA OSWAL Vs. PANKAJ OSWAL & ORS Supreme Court Provision: According to Section 72 of the Companies Act, 2013 every holder of securities has a right to nominate any person to whom his securities shall “vest” in the event of his death. Section 72(3) overrides anything contained in any other law in force or any…