CUSTOMS

Taxability of customs duty

142 ViewsTaxability of customs duty  Customs duty is on imports into India and export out of India. Section 12 ofCustoms Act, often called charging section, provides that duties of customsshall be levied at such rates as may be specified under ‘The Customs TariffAct, 1975’, or any other law for the time being in force, …

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Exchange Rates Notification No. 53/2020 – Customs (N.T.)

227 ViewsExchange Rates Notification No. 53/2020 – Customs (N.T.) Ministry of Finance           In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.49/2020-Customs(N.T.), dated 4th June, 2020 except as respects things done or omitted to be done before such supersession, the Central Board …

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Clarification on Notification No. 26/2020-Cus dated 02.06.2020 regarding Basic Customs Duty on imports of Lentils (Masur)

159 ViewsClarification on Notification No. 26/2020-Cus dated 02.06.2020 regarding Basic Customs Duty on imports of Lentils (Masur) Ministry of Finance Clarification on Notification No. 26/2020-Cus dated 02.06.2020 regarding Basic Customs Duty on imports of Lentils (Masur) Notification No. 26/2020-Cus dated 02.06.2020 has been issued changing the Basic Customs Duty (BCD) rate on Lentils (Masur) w.e.f …

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Exchange Rate Notification No.41/2020 – Customs (N.T.)

262 ViewsMinistry of Finance Exchange Rate Notification No.41/2020 – Customs (N.T.) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.39/2020-Customs(N.T.), dated 16th  April, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect …

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Exchange Rate Notification No.39/2020 – Customs (N.T.)

297 ViewsMinistry of Finance In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.37/2020-Customs(N.T.), dated 1st April, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes andCustoms hereby determines that the …

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Exempt customs duty on ventilators, personal protection equipments, covid-19 testing kits and inputs for these goods

262 Views[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)Notification No. 20/2020– Customs New Delhi dated the 9th April, 2020 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) …

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Exchange Rate Notification No.35/2020 – Customs (N.T.)

451 ViewsMinistry of Finance In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendment in the Notification of the Central Board of Indirect Taxes and Customs No.27/2020-CUSTOMS (N.T.), dated 19thMarch, 2020 with effect from 31st March, …

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Exchange Rate Notification No. 34/2020 – Customs (N.T.)

282 ViewsMinistry of Finance In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby make the following amendments in the Notification of the Central Board of Indirect Taxes and Customs No. 27/2020-CUSTOMS (N.T.), dated 19th March, 2020 with effect from …

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