Export Procedure

Udyog Mentor 13 April, 2022

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…

Penalty under Section 114 (i)

Udyog Mentor 13 April, 2022

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

Udyog Mentor 13 April, 2022

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

Udyog Mentor 13 April, 2022

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

Udyog Mentor 13 April, 2022

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

Udyog Mentor 12 April, 2022

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

Udyog Mentor 12 April, 2022

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

Udyog Mentor 12 April, 2022

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…