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: due date for vat payment :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: empanelment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: cpt :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Latest Circulars »
 Why the Government shouldn't insist RBI to part with its Contingency Fund?
 India slips in OECD ratings on exchange of tax info
 Auction of Government of India Dated Securities November 20, 2017
 Auction for Sale (Re-issue) of Government Stock (GS) November 20, 2017
 Monetary Transmission in India: Why is it important and why hasn’t it worked well? (Dr. Viral V Acharya, Deputy Governor - November 16, 2017 - Inaugural Aveek Guha Memorial Lecture, Homi Bhabha Auditorium, Tata Institute of Fundamental Research (TIFR))
 New Opening Accounts & Finance - Executive /asst. Manager ( Chartered Accountant)
 35 LPA-Opening DGM / GM Accounts - Chartered Accountant ( CA )
 Secondary market transactions in Government Securities – Notional Short Sale
 Over-the-Counter Government Securities Transaction by Foreign Portfolio Investors (FPIs) – Settlement Period
 Agency Commission for GST receipt transactions
 Inclusion of “Utkarsh Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934

Amendment to amend the Courier Imports and Exports(Clearance) Regulations, 1998
June, 19th 2015

[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 62/2015–Customs (N.T.)

 

 New Delhi, dated the 17th June, 2015

G.S.R. (E).- In exercise of the powers conferred under section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following amendments to  amend the Courier Imports and Exports (Clearance) Regulations,1998, namely :-

1.         (1)        These regulations may be called the Courier Imports and Exports (Clearance) Amendment Regulations, 2015.

            (2)        They shall come into force on the date of their publication in the Official Gazette.

2.         In the Courier Imports and Exports (Clearance) Regulations, 1998 (hereinafter referred to as the said regulations), in regulation 2, in sub-regulation (2), in clause (e),-

(a)        for the sub-clause (iii), the following shall be substituted, namely:-

            “goods proposed to be exported under Duty Exemption Schemes, Export Promotion Capital Goods Scheme or any other similar export promotion schemes:

Provided that this sub-clause shall not apply to goods notified in Appendix 3C of the Foreign Trade Policy (2015-2020), proposed to be exported from Chennai, Delhi and  Mumbai  airports under the Merchandise Exports from India Scheme (MEIS)   in consignment of value upto rupees twenty five thousand and involving transaction in foreign exchange;”;

(b)        for the sub-clause (iv) , the following shall be substituted, namely:-

            “goods, other than the goods specified in Appendix 3C of the Foreign Trade Policy (2015-2020), in respect of which the proper officer directs the filing of  shipping bill or bill of export  in the prescribed form;”;

(c)        the proviso to sub-clause (v)  shall be omitted.          

3.         In the said regulations, in regulation 6, after sub-regulation (3) and before the existing proviso,

(a)        the following proviso shall be inserted, namely:-

            “Provided that  for the goods  specified in Appendix 3C of the Foreign Trade Policy (2015-2020), such entry shall be made in the form prescribed in the Shipping Bill and Bill of Export (Form) Regulations, 1991:”;

 (b)       in the existing proviso, after the word “Provided’’, the word  “further”  shall be inserted. 

4.         In the said regulations, in the Form Courier Shipping Bill-II (CSB-II), in the Declaration, for clause (ii), the following shall be substituted, namely:-

“(ii)  I /We hereby declare that the goods for export as per this Shipping Bill  include only  bonafide commercial samples and prototypes of goods of a value not exceeding Rs. 50,000/- per consignment and bonafide gifts of articles for personal use of a value not exceeding Rs. 25,000/-  per consignment and which are for the time being not subject to any prohibition or restriction on their export from India and on export of which no transfer of foreign exchange is involved”.

5.         In the said regulations, in the Form Courier Bill of Export- II (CBEx-II), in the Declaration, for clause (ii), the following shall be substituted, namely:-

“(ii)  I /We hereby declare that  the  goods for  export  as per  this Shipping Bill  include only  bonafide commercial samples and prototypes of goods of a value not exceeding Rs. 50,000/- per consignment  and bonafide gifts of articles for personal use of a value not exceeding Rs.  25,000/- per consignment and which are for the time being not subject to any prohibition or restriction on their export from India and on export of which no transfer of foreign exchange is involved”.

[F. No. 450/04/2013-Cus  IV]

 

 

(Akshay Joshi)

(Under Secretary to the Government of India)

 

 

[Note: The principal Notification No.87/98-Customs (N.T.), dated the 9th November, 1998 was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), dated the 9th November 1998 vide number G.S.R. 662(E), dated the 9th November, 1998 and was last amended vide Notification No. 75/2010-Customs (N.T.) dated the 12th August, 2010, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), dated the 12th August, 2010, vide number G.S.R. 676 (E), dated the 12th August, 2010.]     

 
 
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 Mission

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