Skip to content

Custom Law - 42. page

Assessment of Goods – Custom Law

Assessment of Goods: Assessment is a procedure adopted for determining the duty liability by correct classification and valuation of goods.

Taxable Event for exported goods – Custom Law

Taxable Event for exported goods: As per section 16(1) of  the customs act ,1962 ,taxable event arises only when ‘Proper Officer’ makes an order permitting clearance (i.e. entry outwards ) […]

Charging Section – Custom Law

Charging Section: The provisions relating to charge of duties of customs are contained in Section 12 of the Customs Act, 1962. Section 12 makes it clear that import or exports […]