All posts by Ruhi Sen - 3. page

Professional Tax Consultant and Article Writer

Meaning of Important terms used in export process: Entry outwards: As per section 39 the master of a vessel shall not permit the loading of any export goods other than […]

FLOW PATTERN OF EXPORT: The flow pattern of export is as under- Presentation of Shipping Bill by the exporter and assessment of goods to duty [shipping bill(Electronic Declaration)Regulations,2011]: Any exporter […]

Provisions of Customs Act ,1962 relating to filing of ‘Import Bill of ENTRY’ : Section 46 deals with the provisions for  filing of ‘Import Bill of ENTRY’ which are as […]

Flow Pattern of Import: The person –in charge of the vessel or aircraft or any other person notified by CG calls on the port and files the arrival report with […]

The main rules of export valuation : The main export valuation rules are –   Rule-3 Determination of the method of valuation ·         As per Rule 3 (1 ) ,the […]

The main rules of import valuation : The main import valuation rules are – Rule-3 The value of imported goods shall be the transaction value adjusted in accordance with provisions […]

   Transaction value :      Transaction value means: Price at which such or like goods are ordinarily sold or offered for sale; When sold for export to India for delivery […]

VALUATIONS UNDER CUSTOMS : Once the duty liability arises, such duty can be calculated only on the assessable value. As per section 2 (41 ) of the Customs Act ,1962 […]

Appointment of Officers of Customs: The relevant provisions are as under- (1 ) Classes of Officers of Customs (section 3 ) : Principal Chief Commissioner of Customs Chief Commissioner of […]

Provisions relating to Re- importation of   goods under Customs Act, 1962: As per section 20 in case of any goods that have been imported into India after exportation there from, […]