INSTRUCTIONS on Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 was issued in the aftermath of said Rules having been notified. Idea was to spread awareness on the new version CVR, changes introduced and implications that it brought along. The Basic objective behind any instruction issued from CBIC (earlier CBEC ) is to … Read more
Circular 39/ 2017-Customs F.No: 466 / 32 / 2015 –Cus V Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi Dated, the 26th September 2017 To, All Principal Chief Commissioners of Customs All Chief Commissioners of Customs, All Principal Commissioners of Customs, All Commissioner of Customs Sub:-Amendment … Read more
Circular No. 4 /2016-Customs F. No. 465/12/2010-Cus V Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** New Delhi, the 9th February 2016 To, All Principal Chief Commissioners of Customs / Customs & Central Excise, All Chief Commissioners of Customs, All Chief Commissioners of Customs & Central Excise, … Read more
Circular No. 21/2016 -Customs No. 484 / 03 / 2015 – LC (Vol. II) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** New Delhi, the 31st May 2016 To, All Principal Chief Commissioners Customs, All Principal Chief Commissioners of Central … Read more
Circular No. 47 /2002 -Cus. 29th July, 2002 F.No. 473/26/99-LC Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Subject: Warehousing – Grant of extension of warehousing period by the Chief Commissioners under section 61 of the Customs Act, 1962-regarding As you are aware, section 61 of the Customs Act, 1962 … Read more
Circular No. 5 /2016 -Customs F. No. 465/12/2010-Cus VGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise & Customs****** New Delhi, the 9th February 2016 To,All Principal Chief Commissioners CustomsAll Principal Chief Commissioner of Customs & Central ExciseAll Chief Commissioners of Customs,All Chief Commissioners of Customs & Central Excise,All Directorate-Generals, Chief Departmental Representative,All Principal … Read more
Yes, maintaining records of Warehoused Goods in electronic form has been made mandatory vide the Circular No 25 /2016-Customs dated 8th June 2016. The applicability however came into effect from 14th May 2016. Basically, the Circular is about two things (i) the imperative electronic maintenance of records and (ii) filing of Returns and acknowledgement of … Read more