Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: articles on VAT and GST in India :: form 3cd :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARD :: VAT RATES :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: empanelment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Customs and Excise »
 IGST on high-seas sale of imports is levied only during customs clearance
 Central Excise Rules, 2017 – Part II
 Central Excise Rules, 2017 – Part I
 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

Customs officials nab four for illegally possessing foreign currencies
June, 26th 2014

Customs officers at Mangalore International Airport at Kenjar here on Wednesday seized assorted foreign currency from the possession of four air passengers on their way to Sharjah. The currency, customs officials said was concealed inside their hand baggage and included US dollar 10,000, Omani rials 1,950 and Kuwaiti dinars 1,450. They were intercepted before boarding Air India Express Flight IX 823, customs officials stated.

The accused are Nasir Kappil Abdulla, Abdulla Kunhi, Abdul Gabbar, and Khalid Hassainer, residents of Udma and Hidayath Nagar in Kasargod. As per RBI guidelines, Indian passenger, while going abroad, can carry foreign exchange without any limit provided the same is procured from authorised money exchangers, D Purushottam, commissioner of customs, under whose guidance, customs officials are carrying out further investigations, stated.

Incidentally, this is the second such instance at MIA in the recent past. On June 16, they had seized assorted foreign currency approximately worth Rs 6.70 lakh from a passenger. The assorted currency — including US dollars, Omani riyal and Bahraini dinar was and concealed inside personal clothing kept in the hand baggage of Jaleel Kunhu Kutty, a resident of Hidayath Nagar. Jaleel arrived from Sharjah by Jet Airways flight 9W531 at 8am.

Guide for travellers of Indian Customs as on May 22, 2013 under currency rules covered by currency import regulations states one can bring in unlimited foreign currency. However, amounts exceeding $5,000 or equivalent in cash or $10,000 or equivalent in traveller's cheques must be declared. Import of Indian rupee is prohibited, except for residents of India importing up to Rs 7,500. Foreign currencies include currency notes, traveller's cheques, cheques, drafts can be exchanged only through banks/authorized money exchange points.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Wholesale Silver Jewelry

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