Seizure of Gold at airports are common scenario so, what if you have a handy set of rules for preparing seizure Panchanama, issuance of SCN or even preparing brief facts for adjudication in such matters? Certain sections of the Customs Act, 1962, Baggage Rules 2016, Foreign Trade Policy, Foreign Trade (Development and Regulation) Act, 1992, … Read more
Seizure of Currency at International airports by the Customs is a routine incident. While preparing seizure Panchanama, issuance of SCN or even preparing brief facts for adjudication in the matters related to the seizure of Currency/Foreign Exchange certain sections of the Customs Act, 1962 and allied Acts and Regulations come in handy to make your … Read more
Authorities under The Industrial Dispute Act, 1947 makes core study for dispute resolution process in an industrial ecosystem. Unless you are aware of the authorities to be approached resolution is never possible. The Industrial Dispute Act, 1947 is central Act and with some variations most of the states under union of India rely on it. … Read more
General defences in Tort are usually available to tortfeasors (defendant) by virtue of facts & circumstances. Upon bringing a lawsuit by plaintiff, the defendant is usually held liable for a tort committed by him, provided there exists all the essential ingredients required for the wrong. However, the jurisprudence offers certain defenses to the defendant that … Read more
India Customs Baggage Rules is the set of guidelines that governs importation of baggage of passengers travelling to India. These Rules set out free allowances and restrictions and upon violated other laws for high duty rates and penal actions come into play. Latest Baggage Rules in force, cover the commuters of all genre, be it … Read more
It pained me to see that certain identity attributes of Preventive Officer in CBEC 2015 which was once a vibrant FB Community are missing. One such attributes was the site URL used in the ABOUT section of this FB page. The Community page uses cbec.gov.in/htdocs-cbec/deptt_offcr/cgle/cgle as one of its identity dimensions under the about section. … Read more
Transfer Pricing Manipulation (TPM) is about setting artificial pricing over the goods and services in a related party transaction. The aim behind this mispricing or fraudulent pricing is to avoid tax incidences and maximize profits for the MNC. Indulging into TPM by the multinationals is a serious menace faced by economies across boundaries. Transfer Mispricing … Read more
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
Dear MCPSA, You are so busy into settling trifles that concerns with major ramifications are not at all noticed by you. This is not only abdications from your actual duty, the history will also see you as short sighted and purposeless. Today is 23rd Jan, 2020 and on 21st I have provided you with a … Read more
Commonly Known as CVR (Import) 1988 is reproduced below. The Rules played the major guiding principle in assessment of Imported goods prior to the CVR (Import) 2007 was notified. ****************** [ M.F. (D.R.) Notification No. 51/88-Cus.(N.T.), Dated 18th July, 1988 as amended by Notifications No. 53/88-Cus (N.T.), dated 10-08-1988; No. 71/89-Cus. (N.T.) 19-12.1989; No.39/90-Cus. (N.T.), … Read more