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Tag Archives: CBEC

Types of Customs Duty, Types of Duties under Customs

Types of Customs Duty, Types of Duties under Customs

Types of Customs Duty, Types of Duties under Customs, We know that when goods are imported or exported from our country, customs duty is applicable on such transactions. But, unlike service tax or VAT which generally have no type, Customs duty has got various types. Let us study about each of them in a little detail. Now check more details about …

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Download Latest Central Excise Forms – Updated

Central Excise Forms CAknowledge.in

Download Latest Central Excise Forms – Updated, CBEC Issued Various Customs Forms. Download These Forms at one Place Download Custom Forms Like Rebate Form Form of declaration for availing benefit of rebate of Central Excise Duty paid on export of goods,  Qtrly Return Form Quarterly Return for the Registered Dealers (Under Rule 7 of the CENVAT Credit Rules, 2002), Statement, Bank …

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Excise on Jewellery from Budget, 2016 – A Controversy

Central Excise and Custom CAknowledge.in

Excise on Jewellery from Budget, 2016 – A Controversy, The Finance Minister in his latest edition of Union Budget for 2016-17 suggested a levy of excise duty of 1% (without input tax credit) and 12.5 % (with input tax credit) on Gold and jewellery items, this excludes silver jewellery with no diamonds or precious gems. Also an excise burden of additional …

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Single Window Interface for ease in Trading (SWIFT)

Single Window Interface for ease in Trading (SWIFT)

Single Window Interface for ease in Trading (SWIFT), SWIFT (Single Window Interface for Facilitating Trade) clearances is facility introduced by the Central Board of Excise and Customs (CBEC) vide press release dated 1st April 2006.This initiative is undertaken in line with budget announcement made by the Honourable Finance minister with respect to ‘Ease of doing business. What is SWIFT (Single Window …

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What is Duty drawback and cases when it is not applicable

What is Duty drawback and cases when it is not applicable

What is Duty drawback and cases when it is not applicable. Find Complete details for Duty Drawback and Find cases details when it is not applicable. In this article you can find all details regarding What is Duty drawback and cases when it is not applicable like – Introduction for Duty drawback, What is Duty Drawback ??, Cases where Duty Drawback is not permissible. Now …

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Some Important Definitions Under Customs Act, 1962

Some Important Definitions Under Customs Act, 1962

Some Important Definitions Under Customs Act, 1962. Historical Background of Customs Act, 1962 – The term ‘customs’ derives its color and essence from the term ‘custom’ which means habitual practice or course of action.Kautilya’s Arthashastra also refers to shulka (Customs Duty) consisting of import duty and export duty to be collected at the city gates on both goods coming in and going …

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