Category: Custom

Initiatives by Indian Customs for reduction in transaction cost

Initiatives by Indian Customs for reduction in transaction cost CBEC in its latest advisory has listed out the followingh initiatives taken for reduction of transaction costs. Relaxation for cargo service Providers to take insurance cover for goods stored in customs area for 10 days instead of 30 days. Merchant …

Refund-Claim of Countervailing duty as Duty Drawback admissible only if inputs actually used in goods exported

Refund-Claim of Countervailing duty as Duty Drawback admissible only where inputs that suffered countervailing duties actually used in goods exported  Circular No. 49/2017-Cus F.No.609/97/2017-DBK Government of India Department of Revenue Central Board of Excise & Customs Drawback Division New Delhi, the 12th December, 2017 To Principal Chief Commissioners/ …

Implementing Electronic Sealing for Containers by exporters under self-sealing procedure-Further Clarifications

Implementing Electronic Sealing for Containers by exporters under self-sealing procedure-Further Clarifications Circular No. 41 / 2017-Customs F. No: 450/08/2015-Cus.IV Government of India Ministry of Finance Dept. of Revenue Central Board of Excise and Customs ***** Dated, the 30th October, 2017 North Block, New Delhi To, All Principal Chief …

Draft Customs Brokers Licensing and Revocation Regulations 2017-CBEC

Draft Customs Brokers Licensing and Revocation Regulations 2017 by CBEC. Customs Brokers shall be licensed by a written examination process Draft Customs Brokers Licensing and Revocation Regulations 2017 CBEC has issued  Draft  Customs Brokers Licensing and Revocation Regulations, 2017.  As per the Regulations, Customs Brokers shall be licensed and no …