Page 2 - Customs Act

Poor drafting

Criminalising publishing of Customs data is a bad idea

Publishing confidential export-import data may now lead you to jail

The FY23 Budget has proposed to introduce section 135AA in the customs act through the Finance Bill for "protection of data".

Chinese mobile phone maker Xiaomi evaded Rs 653 crore in customs duty: DRI

Three show-cause notices have been issued to the mobile maker for demand and recovery of duty for April 2017-June 2020

Customs asks Adani Ports to explain ban on cargo from 3 nations: Report

The department 10 day ago sent a letter to tell India's largest port operator it needed permission, says ET.

Individuals need not obtain IEC to import for personal use: Expert

The Customs can refuse permission under Section 46(5) if the interests of revenue are adversely affected.

GST: Firms challenge constitutional validity of arrest rules in top court

Counsel for companies raises concerns about whether or not well accepted, judicially tested, fair and proper procedures are being followed during such arrests

FIEO seeks re-look at proposed Section 113(ja) in Customs Act

The trade views these measures with suspicion and alerts the government to possible unintended consequences of the proposed amendments

Imports from related party will be scrutinised by Customs: Expert

Rule 3(3)(a) of the Customs Valuation Rules, 2007 provides that where the buyer and the seller are related, the circumstances surrounding the sale will be examined

CBIC invites suggestions on reviewing customs laws for ease of doing biz

The CBIC has invited comments on the same by August 21. A comprehensive review would be undertaken by September

If the imported goods found defective can be re-exported, says expert

The specific provision under the Customs Act, 1962 is Section 26A that allows refund of import duty if the imported goods are found defective

Amendment to Customs Act to confuse traders

Most importers will find it difficult to comply with these requirements, as they have no independent means to verify the origin criteria

More penal power for Customs dept

Proposed amendments in Section 104 of the said Act would allow arrest of any person fraudulently obtaining duty credit scrips for more than Rs 5 million

Tax dept to start consultation on changes in Customs Act

Importers may need to make payment of customs duty on the same day when bill of entry is filed

Customs Act change: IAF asks Defence Ministry to find way out

Removing blanket duty exemption for defence goods may delay modernisation and maintenance programmes of fighter planes