Mar 24, 2020 import and export procedure customs act,1962, indirect tax laws b com notes edurev is made by best teachers of b com. Jul 21, 2011 introduction of a legislative amendment bill to amend the customs act, 1962 52 of 1962 with retrospective effect to validate show cause notices issued for demand of customs duty the union cabinet today gave its approval for in. Power to allow import or export on execution of bonds in certain cases. The following table presents an overview of the said chapters and aims at securing the readers understanding of the provisions of the act in a proper perspective. Application of section 562 of the code of criminal procedure, 1898, and of the probation of offenders act, 1958.
Customs act 1962 indian bare acts india bare act law. Section 271 in the customs act, 1962 1 any person claiming refund of any duty. Penalty us 112 cant be imposed unless evidences to show. Import and export procedure customs act,1962, indirect tax. Index of customs act, 1962 other customs acts chapterssection. Baggage rules under customs by ca raj k agrawal duration. Amendment in the customs act, 1962 posted on 21 july 2011. The customs act, 1969 i contents chapter i preliminary section page no. Determination of value of goods liable to customs duty ad valorem.
The customs act, 1962 and custom tariff act, 1975 has been extended to. The customs and excise revenues appellate tribunal is being set up for adjudication of disputes with respect to the determination of the rates of duties of customs and central excise on goods and. Buy customs act, 1962 book online at best prices in india on. Examination of goods prior to entry on importation in the absence of full information. Nodal officers from the cbic customs zonesformations for facilitating customs clearances amidst the covid19 crisis. Limbs of customs law customs act, 1962 and customs tariff act, 1975 are the two limbs of customs law in india which must be read with rules and regulations. Be it enacted by parliament in the thirteenth year of the republic of india as follows. December, 1962 an act to consolidate and amend the law relating to customs.
Procedure for clearance of imported and export goods. The customs act, 1962 52 of 1962 chapter v levy of, and exemption from, customs duties section 12. Section 241 of the customs act, 1962, defines value in relation to any goods as the value thereof determined in accordance with the provisions of subsection 1 or subsection 2 of section 14. Read online customs act, 1962 book pdf free download link book now. All books are in clear copy here, and all files are secure so dont worry about it. Short title this act may be cited as the customs and excise management act.
Customs duty on imports and exports customs duty is on imports into india and export out of india. The customs act, 1962 national biodiversity authority. Customs provisions applicable to central excise section 12 in the central excise act, 1944 the central government may, by notification in the official gazette, declare that any of the provisions of the 1customs act, 1962 52 of 1962 relating to levy of and exemption drawback warehousing, offences and penalties. The customs act, 1962 52 of 1962 chapter ix warehousing section 57. The rule making power is delegated to the central government while the regulation making power delegated to the central board of excise and customs cbec. Download free sample and get upto 55% off on mrprental. Transfer of powers and duties of the state president act, no. Liability of duty on goods transited under section 53 or transhipped under section 54. Customs act, 1962 and customs tariff act, 1975 are the two limbs of customs law in india which must be read with rules and regulations. Where any goods are allowed to be transited under section 53 or transhipped under subsection 3 of section 54 to any customs station, they shall, on their arrival at such station, be liable to duty and shall be entered in like manner as goods are entered on the first importation thereof and the provisions of this act and any rules and regulations shall, so far as may be, apply in relation to such goods. This document is highly rated by b com students and has been viewed 8937 times. Buy the customs act 1962 by panel of experts pdf online from faculty notes. Imported goods in india attract basic customs duty, additional customs duty and education cess.
Amendment to ch ix of the customs act, 1962 insertion of. Feb 24, 2015 customs provisions applicable to central excise section 12 in the central excise act, 1944 the central government may, by notification in the official gazette, declare that any of the provisions of the 1customs act, 1962 52 of 1962 relating to levy of and exemption drawback warehousing, offences and penalties. Buy customs act, 1962 book online at low prices in india. Customs act 1962 free download as powerpoint presentation.
Full text containing the act, custom act, 1962, with all the sections, schedules, short title, enactment date, and footnotes. Download sectionwise summary on custom act 1962 file in. Mar 24, 2020 import and export procedure customs act, 1962, indirect tax laws b com notes edurev is made by best teachers of b com. Government of pakistan revenue division federal board of revenue the customs act, 1969 iv of 1969 as amended up to 30th june, 2015 published by. Appointment of director general, deputy director general and other officers 4. Interpretation part ii appointment and powers of officers 3. Download the customs act 1962 by panel of experts pdf online.
Customs act 1962 in india bare acts, banking and insurance, business and corporate, constitutional, consumer laws, criminal law, energy, environmental, family and inheritance, heritage and national importance, immigration law, labor law, customs act 1962 national security, others, procedural and administration, property related, public utilities, shipping laws, tax laws. Laws of malaysia act 235 customs act 1967 arrangement of sections art i preliminary 3 2. Customs duty is a type of indirect tax levied on goods imported into india as well as on goods exported from india. Section 75a of the customs act, 1962, which was inserted by the finance act, 1995, provides that where any drawback payable to a claimant under section 74 or section 75 of the customs act as the case may be, is not paid within a period of three months from the date of filing of claim to the date of payment of such drawback, there shall be paid. However the person may pay the duty in full or in part, as may be accepted by him, and the interest payable. Investment of powers of senior officer of customs by director general 6. Section wise summary on custom act 1962has been uploaded by for the benefit. Introduction of a legislative amendment bill to amend the customs act, 1962 52 of 1962 with retrospective effect to validate show cause notices issued for demand of customs duty.
The finance act, 2016 has inserted section 58 a in chapter ix of the customs act. Download sectionwise summary on custom act 1962 file in pdf. Feb 07, 2018 baggage rules under customs by ca raj k agrawal duration. Customs and excise management act an act to regulate the management and collection of duties of customs and excise, and for purposes ancillary thereto. This course describes basic concepts of customs act,1962 and provisions of valuation. Valuation under the customs act, 1962 lecture by prof. Introduction the customs act was formulated in 1962 to prevent illegal imports and exports of goods.
Customs act 1962 chapter searches seizure and arrest. Conveyances and goods in a customs area subject to control of officers of customs. Indian customs acts 1962, chapterv, levy of and exemption. Notifications and circular issued to provide relief to taxpayers in view of spread of novel corona virus covid19 circular on clarification on refund related issues click here. Post fact approval of the permissions granted in the first fortnight. Custom act, 1962 bare acts law library advocatekhoj. Feb 01, 2016 introduction to customs act, 1962 by ca. Who are the proper officers under certain important section. Section 17 of the customs act, 1962 provides for selfassessment of duty on imported and export goods by the importer or exporter himself by filing a bill of entry or shipping bill, as the case may be, in the electronic form new section 46 or 50. An act to consolidate and amend the law relating to customs. Who are the proper officers under certain important section of the customs act,1962. In a recent case the customs, excise and service tax appellate tribunal cestat, kolkata held that it is a settled law that penalty under section 112 of the customs act, 1962 cannot be imposed unless the evidence is adduced to show prior knowledge of fraud and wrongful intent. Rules regulations notifications orders circulars statutory ordinance statutes. Persons to be searched may require to be taken before gazetted officer of customs or magistrate section 103 power to screen or xray bodies of suspected persons for detecting secreted goods.
The free download file section wise summary on custom act 1962 is in the form of and is very useful for students who are going through ca final exams and would like to cover the area of idt in a detailed manner. As per the customs act, 1962 the central board of excise and customs the board. The customs act, 1962 and the central excises and salt act, 1944 provide for the levy and collection of duties of customs and excise, respectively. At any warehousing station, the assistant commissioner of customs or deputy commissioner of customs may appoint public warehouses wherein dutiable goods may be deposited. Valuation, assessment of imported and export goods and procedural aspects following guidelines for consideration of request for exemption from customs duty under section 252 of the customs act, 1962 as amended by the finance act, 1999. Special offer on gst package for cas as per the mou with icai. The entire gamut of the act is grouped into seventeen chapters. Except as otherwise provided in this act, or any other law for the time being in force, duties of customs shall be levied at such rates as may be specified under the customs tariff act, 1975 51 of 1975, or any other law for the time being in force, on goods imported into. India includes the territorial waters of india which extend upto 12 nautical miles into the sea to the coast of india. This site is like a library, you could find million book here by using search box in the header. Import and export procedure customs act,1962, indirect. The customs act, 1962 law in india, indian laws, bare act, pdf. Customs act 1446 kb act current to 20200305 and last amended on 20191218. Who are the proper officers under certain important.
595 199 1491 636 169 1357 389 825 122 1500 703 816 278 1516 1528 1045 819 559 358 1220 1062 224 99 555 1341 784 698 525 1379 1558 6 393 75 500 992 1134 1260 572 1020 648 679 660 667 1146 1359 785