26th June, 2013
To enable the Customs department to enhance the level of facilitation and speed up the process of cargo clearance, Risk Management System (RMS) is set to be introduced for exports from India. This procedure, already operational in respect of imports into India, is being implemented in respect of exports, from 15th of July this year in ICD Mulund (Mumbai) and ICD Patparganj (Ne...
Institute of Business Laws in association with Lakshmikumaran & Sridharan (L&S), is organising a seminar on 25 April, 2014 in Pune to deliberate on Customs Valuation, SVB issues and Transfer Pricing.
Importers, exporters, custom house agents, logistics providers and other stake holders have grappled with issues on Customs Valuation for a long time. The increased monitorin...
The Institute of Business Laws, in association with Lakshmikumaran & Sridharan, is organizing the following seminars:
Customs Valuation, SVB & Transfer Pricing
Investigations & Audit under Excise, Service Tax & Customs Laws Seminar on Customs Valuation, SVB & Transfer Pricing
New Delhi – 14th February 2014
Mumbai – 5th March 2014
Importers, exporters, custom house...
By V. Sridhar
In the Budget of 2011 changes were made in the Customs Act, 1962 so as to introduce a new concept of self-assessment and post-clearance audit. This article briefly analyses the new provisions, their implications to the revenue administration and to the community of importers and exporters.
Before getting into specifics, it would be useful to refer to a trend that has been e...
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