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: VAT RATES :: VAT Audit :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: cpt :: empanelment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Customs and Excise »
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Seeks to amend Notification No. 27/2014-Central Excise
 Government doubles limit of excise duty evasion for arrest and prosecution
 Excise duty evasion limit to warrant arrest revised to Rs 2 crore
 Guidelines for launching of prosecution in relation to offences punishable under the Customs Act, 1962
 GST notification triggers uncertainty over excise duty
 Preparing for GST: govt looking at restructuring excise/customs cadre
 Refund of Terminal Excise Duty (TED) under Deemed Exports where Duty has been paid from CENVAT Credit and ab-initio waiver is not available.
 CBEC directs customs officials for random search of vessels
 Rate of exchange of conversion of the foreign currency with effect from 7th July, 2016

Chennai customs' seaport revenue to grow 20%
December, 05th 2011

Despite cargo congestion problems in Chennai port, the state customs seaport revenues are expected to grow at around 20 per cent to meet the target of around Rs 27,005 crore for the current financial year, as against Rs 22,000 crore last year, according to a senior official from the Chennai Customs Office.

Speaking to reporters after an open house discussion with the Chennai Custom House Agents Association, Mala Srivastava, chief commissioner of Chennai Customs, said, The congestion has not affected our revenue growth rate. We expect to continue the growth rate during the fiscal year.
 
According to reports, the port is facing cargo congestion issues in its two private terminals, affecting traders for the past several months.
While the congestion has not affected the revenues, there is some slowdown in the growth, which is part of the global phenomenon of financial slowdown. However, the target is well within the reach to be achieved, she added.

The customs office is also planning to install a mega container scanner at the port, in order to increase efficiency in checking the containers in the port.  The initiative is aimed at complying with the international requirements. This would also help the port to increase its role in the national security measures, Srivastava said.

The system has already been installed and is under operation at Nhava Sheva  (Jawaharlal Nehru Port Trust, Navi Mumbai) for the last 10 years, Srivastava said, adding that around 10-12 per cent containers were expected to be scanned through the system.

The enforcement of self assessment of consignment documents by importers, exporters and agents, instead of assessment by the officials, has made the clearance of import and export cargo quicker. This enabled the office to increase assistance through the risk management system (RMS) facilitation, she said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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