Custom Law - 40. page

Provisions of customs Act, 1962 wrt clearance of goods for home consumption (Section 47) : Order permitting clearance of goods for home consumption : Where the proper officer is satisfied […]

Provisions in relation to conveyances carrying imported goods : Section 29 The person in-charge of a vessel or aircraft entering India from any place outside India shall not permit the […]

Provisions of section 49 of Customs Act, 1962 relating to ‘Warehousing without warehousing : Where in the case of any imported goods ,whether dutiable or not ,are entered for home […]

WAREHOUSING : Section 57 It empowers the AC/DC to appoint public warehouses at places notified under Custom Act 1962 Section 58 This section relates to licensing of private warehouses: At […]

Meaning of Important terms used in export process: Entry outwards: As per section 39 the master of a vessel shall not permit the loading of any export goods other than […]

FLOW PATTERN OF EXPORT: The flow pattern of export is as under- Presentation of Shipping Bill by the exporter and assessment of goods to duty [shipping bill(Electronic Declaration)Regulations,2011]: Any exporter […]

Provisions of Customs Act ,1962 relating to filing of ‘Import Bill of ENTRY’ : Section 46 deals with the provisions for  filing of ‘Import Bill of ENTRY’ which are as […]

Flow Pattern of Import: The person –in charge of the vessel or aircraft or any other person notified by CG calls on the port and files the arrival report with […]

The main rules of export valuation : The main export valuation rules are –   Rule-3 Determination of the method of valuation ·         As per Rule 3 (1 ) ,the […]

The main rules of import valuation : The main import valuation rules are – Rule-3 The value of imported goods shall be the transaction value adjusted in accordance with provisions […]