Rupee plunges to record low of 55.47 against Dollar    Justice VS Sirpurkar is Chairman of Competition Appellate Tribunal     AK Pandey appointed as High Commissioner to New Zealand  Facebook shares drop below issue price    FM okays transfer & posting orders of Commissioners of Customs & Excise-A dozen Commissioners posted in NCR in transfer list-Commissioner Gurgaon & Ghaziabad also in the list according to North Block sources   Government tables White Paper on Black Money in Parliament     India's first Interactive Online Course on Service Tax launched-Click on the link-Service Tax Online Certification Course-for full details and registration-Course begins on 22nd May     167 IRS(Customs & Excise) Probationers get postings- A dozen Probationers posted in Delhi Central Excise       Rajya Sabha passes Finance Bill 2012    Petrol & Diesel prices to be hiked    Tariff Value for import of Brass scrap is 4362 & for poppy seeds 3680-for gold 507 per 10 gram & for silver 920 per kg-Customs Non-Tariff Notification No.42      Customs duty exempted on import of 191 Products from Singapore-Customs Tariff Notification No.33    Import of 485 Products from Singapore exempted from Customs duty-Customs Tariff Notification No.34    Import of 496 Products from Singapore exempted from 50 per cent of applied rate of duty-Customs Tariff Notification No.35     Saurabh Chandra gets additional charge of Commerce Secretary    ITAT Member N Vasudevan transferred from Mumbai to Bangalore-J Sudhakar Reddy moves from Mumbai to Delhi-IP Bansal from Delhi to Mumbai-IC Sudhir from Pune to Delhi      CVD on imported electronics lowered due to higher rates of abatement from RSP notified-Abatement from MRP for excise payment on all electronic products prescribed at uniform rate of 35 per cent-Abatement revised for several products-Central Excise Non-Tariff Notification No.26     Suppliers to Mega Power Projects face silly excise demands-Click on the link below for full details    Excise demand of Rs 32 Crore confirmed against Exide for not paying excise on MRP basis on lead acid storage battery     RBI says Exporters required to convert 50 per cent of their foreign exchange holdings into Rupee within 15 days-Exporters will be allowed to buy foreign currency only after utilizing all their foreign currency holdings      Articles of jewellery exempted from excise duty-Specified Railway Goods manufactured by Government exempted from excise -Central Excise Tariff Notification No.23   Excise on specified Petroleum Oils lowered    Eye makeup preparations exempted from excise   The excise exemption hitherto admissible on all Hawai Chappals will now be admissible to only Hawai Chappals of RSP up to Rs 500-Polyester staple fibre or polyester filament yarn, manufactured from plastic scrap or plastic waste including waste polyethylene terephthalate bottles exempted from excise-Excise on Motor chassis for vehicles lowered to 14 per cent excise-Excise on LED Lights of Chapter 85 lowered to 6 per cent-Inks for ball point pens exempted from excise-Central Excise Tariff Notification No.24-Parts of Footwear and hawai chappals of RSP not exceeding Rs. 500 per pair exempted from excise if consumed in factory-Central Excise Tariff Notification No.25-Excise exemption to goods required for initial setting up of solar power generation project or facility-Central Excise Tariff Notification No.26     CENVAT Credit (Fifth Amendment) Rules, 2012-No reversal of credit required for supplies made for setting up of solar power generation projects or facilities-Central Excise Non-Tariff Notification No.25     exemption from wholeof the additional duty leviable shall not apply to Hand held Metal/Mine/Bomb detectors etc.-Customs Tariff Notification No.30    Import of specified goods allowed at concessional rate of duty-Customs Notification No.31      FM defers the applicability of  GAAR provisions by one year- GAAR provisions will now apply to income of Financial Year 2013-14 and subsequent years-The retrospective clarificatory amendments now under consideration of Parliament will not be used to reopen any cases where assessment orders have already been finalized-long term capital gain arising from sale of unlisted securities in case of  non-resident investors, including PE investors lowered to 10 per cent-FM extends  benefit of tax exemption on long term capital gains to  sale of unlisted securities in IPO-lower rate of withholding tax of 5% for funding all businesses-FM withdraws  the provision for levy of TDS on transfer of immovable property-FM raises the threshold limit for TCS on cash purchases of jewellery to Rs.5 lakh-only serious offences under the customs law involving prohibited goods or duty evasion exceeding Rs.50 lakh, shall be cognizable- all these offences shall be bailable-changes in the definition of “service” which will exclude the activities specified in the Constitution as “deemed sale of goods”-The definition of “works contract” also  enlarged to include movable properties- Exemption for specified services relating to agriculture in the Negative List extended to agricultural produce enlarging the scope of the entry    Anti-dumping duty on imports of Partially Oriented Yarn, originating in, or exported from China-Customs Notification No.22        Customs duty on import of 806 Products from Japan lowered       Anti-dumping duty imposed on import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture/FertilizerGrade) , falling under tariff item 28092010, originating in, or exported from,Israel and Taiwan-Customs Tariff Notification No.19     Customs duty on import of composite fertiliser lowered to 1 per cent-Customs Tariff Notification No. 24      
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Customs Circulars 2007

 Import of drugs under Chemical or generic name - Regarding

01/2007

Exports of Software

02/2007

disposal of applications by units under EOU / STPI / EHTP / BTP schemes

03/2007

Time Limit for adjudication of customs cases

04/2007

Monitoring of de novo customs adjudication cases

05/2007

Coercive action for recovery of arrears

06/2007

Transshipment procedure between any two Customs Airports

07/2007

Response to the query of stakeholders

08/2007

Export of perishable cargo- examination

09/2007

Execution of Bonds and guarantees  -  regarding 

10/2007

Exemption from customs duty under Section 25(2)

11/2007

Dispensing with Verification of DEPBs  at  EDI ports in the light of Electronic 

12/2007

Charging of interest on warehoused goods

13/2007

Clearance of livestock and livestock products

14/2007

International transshipment of LCL containers at Indian Ports

15/2007

Administrative Control over Export Oriented Units (EOUs) which are large tax payer

16/2007

Inter Unit Transfer of Capital goods from one EOU/STP/EHTP unit to another

17/2007

Classification of higher technology featured mobile / cellular handset or telephones

18/2007

Grant of waiver of the requirement of Bank Guarantee in respect of imported goods to be warehoused in Public or Private Bonded Warehouses

19/2007

Re-warehousing of goods imported and/ or procured indigenously by EOU / EHTP / STP/BTP units

20/2007

Implementation of the recommendations of the Joint Working Group on Transfer Pricing

21/2007

Scope and coverage of Target Plus Scheme

22/2007

Import of Tea from Sri Lanka

F. No. 502/ 6/ 2007-Cus.VI

Representation on Customs House Agents Licensing Regulations – Regarding

23/2007

Risk Management System (RMS)- Charter of functions for Risk Management Division 

24/2007

Delay in payment of customs duty refunds

25/2007

Drawback Schedule 2007-08

26/2007

Waiver of interest on goods cleared from a warehouse when duty is paid by way of debit in DEPB licenses - Regarding  

27/2007

Applicable date for calculating the interest on excess imports under Para 4.28 of the Handbook of Procedures, Vol. 1 - Reg. 

28/2007

Clearance of imported metal scrap–Procedure regarding 

29/2007

Guidelines for compounding of offences under Customs (Compounding of Offences) Rules, 2005-regarding-  

30/2007

Acceptance of Central Excise Certificate under Para 3.1(e) of CBEC Circular No. 58/2004-Cus., dated 21-10-2004 - Regarding

31/2007

Issues concerning import & export through courier mode-regarding

32/2007

Classification of Digital Still Image Video Camera - Admissibility of Notification

33/2007

Classification of Digital LCD / Flat Panel Monitor - Admissibility of Notification

34/2007

Classification of Boric Acid and separate chemically defined compounds   

35/2007

Misuse of unaccompanied baggage facility- regarding.

36/2007

Imports made against DEPB licences issued with endorsement of Notifn. No.34/97-Cus dated 7.4.1997 – exemption from special additional duty – Clarification

37/2007

Customs valuation (Determination of Value of Export Goods) Rules, 2007- Instructions -

38/2007

Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 – 

39/2007

increase in drawback rates with retrospective effect from 1.4.2007 - exemption from filing supplementary claims

40/2007

Import of New trim Cutting Waste for use in manufacture of Chindi rug 

41/2007

Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007 – instructions 

42/2007

 

43/2007

Appropriate authority for sanction and disbursement of drawback claims on supplies made by Domestic Tariff Area (DTA) units to units located in Special Economic Zone (SEZ) 

44/2007

Eligibility of shank buttons, snap fasteners (snap buttons), zippers etc. for benefit under notification No.21/2002-Cus, Sl.No.140, 167, 167A and 167B - reg. 

45/2007

Misuse of Target Plus Scheme (TPS) – Scope and Coverage of Goods to be imported under TPS– Reg. 

46/2007

Correlation of Technical Characteristics, Quality and Specification of the Inputs with the Export Product under the DFIA Scheme 
 

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