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
Latest Expert Exchange
Latest Circulars »
 Award Scheme For Outstanding Writings in the Field of Banking Hindi
 Award Scheme For Outstanding Writings in the Field of Banking Hindi
 Auction of Government of India Dated Securities September 24, 2018
 Auction for Sale (Re-issue) of Government Stock (GS) Sep 24, 2018
 RBI to conduct 7-day Variable rate Repo auction under LAF on September 24, 2018
 RBI-Co-origination of loans by Banks and NBFCs for lending to priority sector
 Government appoints four members to local boards of RBI
 Mint Street Memo No. 14: Finance-Neutral Output Gap: Empirical Estimates for India
 RBI-External Commercial Borrowings (ECB) Policy - Liberalisation
 M/s Sennheiser Electronics India Ltd 102-A, First Floor, Time Tower M.G. Road, Gurgaon, Haryana vs. The A.C.I.T Circle – 4(1) Gurgaon
 Seeks to exempt payment of tax under section 9(4) of the CGST Act, 2017

Customs Instructions - F. No.450/79 /2010
September, 24th 2010

F. No.450/79 /2010-Cus.IV

Government of India

Ministry of Finance
Department of Revenue
Central Board of Excise & Customs

North Block, New Delhi

23rd September, 2010

To

 All Chief Commissioners of Customs / Customs (Prev.).
 All Chief Commissioners of Customs & Central Excise.
 All Commissioners of Customs / Customs (Prev.).
 All Commissioners of Customs (Appeals). 
 All Commissioners of Customs & Central Excise.
 All Commissioners of Customs & Central Excise (Appeals).

Subject: Procedure followed for import of Indian vessels and filing of Bill of Entry, IGM regarding.

Sir/ Madam,

       I am directed to invite your attention to the above-mentioned subject, and state that instances have been brought to notice of the Board that certain ship-owners of Indian flag vessels have imported vessels, which are exempt from payment of duty, without filing Bill of Entry and Import General Manifest (IGM).

2. In this connection, it is stated that at the time of their import into India the status of these vessels, which are meant for plying on Indian ports as coastal vessels or as Indian flag foreign going vessels etc., is the same as that of any other class of imported goods. Section 2 (25) defines imported goods as any goods brought into India from a place outside India but does not include goods which have been cleared for home consumption. Further, goods has been defined under section 2 (22) as to include, inter alia, vessels, aircrafts and vehicles. Hence, these are subject to the same procedure ie, filing of IGM, Bill of Entry, payment of duty, if any etc., as is applicable in case of other imported goods.

3. Accordingly, it is instructed that the requirement for filing of these documents should be complied with even in cases, where goods are exempt from payment of any duty.  Therefore, the jurisdictional Commissioners should review the situation, and take appropriate action for past cases, including adjudication, if warranted. Further, Chief Commissioners may make a reference to the Board for appointment of a common adjudication authority, if so desired, for these cases.

Yours faithfully, 

(Navraj Goyal)

Under Secretary (Cus.IV)

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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