Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: form 3cd :: cpt :: list of goods taxed at 4% :: TDS :: empanelment :: VAT Audit
 
 
« Customs and Excise »
 Allocate the charges amongst the Members of the Central Board of Excise and Customs
  Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 4 new members appointed in Central Board of Excise and Customs
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
 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

Customs wants duty free limit to increase
January, 20th 2012

The Mumbai Customs have suggested the Centre through the Central Board of Excise and Customs (CBEC) to increase the duty free allowance slab beyond Rs 25,000. The rising cost of branded goods and the increased indulgence by Indians towards branded ware has found the

Rs 25,000-bracket impractical. The Customs levies a duty on import of goods by Indians over the duty free allowance of Rs 25,000 for those who stay abroad for more than three days under the Indian Customs Act.

We have sent an advice. We are seeing that passengers are coming with more branded goods and this has been discussed, said Vineet Kumar, Chief Commissioner of Customs.

In 2011, many celebrities, including Dia Mirza and Anushka Sharma, politicians and high-end investors were stopped at the airport after they failed to declare their goods. At least the awareness to declare the goods increased, said Shobha Chary, Chief Commissioner of Customs, Mumbai, Zone I, rejecting assumptions that celebrities were being targeted.

Chary was speaking at a press meet called to declare a Trade Facilitation Fortnight to mark the golden jubilee of The Indian Customs Acts, 1962. A new biometric security system will be introduced across Mumbai formations of Customs, more like a security feature to ensure touts, illegal persons and others who hamper trade do not get access to the custom areas across Mumbai.

The ports will also see the addition of three scanners to keep track of the cargo that is imported (currently only eight per cent of the imported cargo goes through scanners).

 
 
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 Portfolio

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