Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT Audit :: articles on VAT and GST in India :: due date for vat payment :: cpt :: form 3cd :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment
 
 
From the Courts »
  Nishant Construction Pvt. Ltd vs. ACIT (ITAT Ahmedabad)
 Samson Maritime Ltd vs. CIT (Bombay High Court)
 Mother Hospital Pvt. Ltd vs. CIT (Supreme Court)
 Larsen & Toubro Ltd vs. State of Jharkhand (Supreme Court)
 Nishant Construction Pvt. Ltd vs. ACIT (ITAT Ahmedabad)
 Flipkart India Private Limited vs. ACIT (Karnataka High Court)
 JSW Steel Ltd vs. ACIT (ITAT Mumbai)
  CIT vs. Uday M. Ghare (Bombay High Court)
 Ajay Enterprises Pvt. Ltd. Vs. Assistant Commissioner Of Income Tax (Tds) And Ors.
 Rakesh Raj And Associates Vs. Commissioner Of Income Tax, Central-Ii & Anr.
 Venu Charitable Society And Anr. Vs. Director General Of Income Tax

Makes further amendments to Notification no. 157/90-Customs dated 28th March, 1990 regarding temporary admission under the ATA Carnet
October, 14th 2016
                 [TO BE PUBLISHED IN THE GAZETTE OF INDIA,
             EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)]

                                 GOVERNMENT OF INDIA
                                  MINISTRY OF FINANCE
                               (DEPARTMENT OF REVENUE)

                              Notification No. 58/2016-Customs

                                                              New Delhi, the 5th October, 2016



G.S.R. ________ (E).-          In exercise of the powers conferred by sub-section (1) of section
25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is
necessary in the public interest so to do, hereby makes the following further amendments in
the notification of the Government of India in the Ministry of Finance (Department of
Revenue), No. 157/1990-Customs, dated the 28th March, 1990 published in the Gazette of
India, Extraordinary, vide number G.S.R. 405 (E), dated the 28th March, 1990 (hereinafter
referred to as the said notification), namely:-
2. In the said notification, in the first paragraph, - (a) in the opening portion, the words "or Schedule III" shall be omitted; (b) condition (1) shall be omitted; (c) condition (5) shall be omitted. 3. After the first paragraph, the following shall be inserted, namely:- "1A. In the event of failure to export the goods within the period specified in condition (4) of paragraph 1, the Federation and the importer shall, jointly and severally be liable to pay the duties of customs leviable on the goods as on the date of import, along with applicable interest: Provided that the liability of the Federation shall not exceed the amount of the duties of customs by more than ten per cent: Provided further that the Federation shall not be liable to pay the customs duty in cases where the said goods are sold in exhibitions or fairs or otherwise disposed of in India in accordance with any law for the time being in force applicable to such goods and on payment of the duties of customs which are payable as on the date of import in respect of such goods, along with applicable interest." 4. In Schedule II, - (a) in serial number 5, for the words, "an official of", the words "an official or" shall be substituted; (b) after serial number 5, the following serial numbers shall be inserted:- "6. Display or demonstration before any Department of the Central Government or a State Government or a Union territory Administration. 7. Meeting, conference or congress, by whatever name called, organised by any company or organisation." 5. In the said notification, Schedule III and the entries relating thereto shall be omitted. [ F. No.18000/1/2015- OSD (ICD)] (Kshitendra Verma) Under Secretary to the Government of India Note: The principal notification No.157/1990-Customs, dated the 28th March, 1990, was published in the Gazette of India, Extraordinary, vide G.S.R. 405(E), dated the 28th March, 1990 and was last amended by notification No.55/2007-Customs, dated the 12th April, 2007, published vide G.S.R. 287(E), dated the 12th April, 2007.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions