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: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: due date for vat payment
 
 
« Customs and Excise »
 Central Board of Excise and Customs to soon notify new procedural framework
 CBEC set to be Central Board of Indirect Taxes and Customs
 Govt to give customs, excise duty benefits to boost solar rooftop sector
 Clarification regarding posting of Central Excise officer in Cigarette units-reg.
 Ensure transparency in excise department working: Bizmen to government
 It is time to review the customs duty on essential food imports
 Migration to GST of existing Central Excise / Service Tax Assessees
 Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017
 Budgetary Changes In Customs
 Customs and excise officials upset with GST administration deal with states
 Higher petro excise props up govt tax kitty

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 2017 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