Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Furnishing of the complete details of the goods being imported

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ing imported - reg Attention of all Importers, Custom House Agents, the Trading public and others is invited to the Public Notice No.41/2002 dated 18.02.2002 and Trade Facility No.06/2006 dated 14.03.2006 issued by this Custom House and to the provisions of section 46 and 50 of the Customs Act 1962 , read with Bill of Entry (Electronic declaration) Regulations, 1995 and Shipping bill an .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ity of assessment practices and enforcing restriction/ prohibitions imposed under allied laws. Further, policy makers and all other concerned also use Customs import and export database for policy decision and for statistical purposes. One of the most essential requirements for ensuring correct classification and valuation of goods is the quality of data furnished by the importers and exporte .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... asual approach. As a result, not only the quality of assessment has suffered but also the quality of National Import and. Export database has remained below expectation. Thus, poor quality of data furnished by the trade is a matter of serious concern for customs administration. In the above context, attention of the trade and all other stake holders is invited to the provisions of Section 4 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... grades, model specification, unit of quantity, country of origin etc. have been filled correctly by the importer/exporter/CHAs. In all such cases where complete details are not furnished, documents shall be returned for incorporating the same. Since, this mandatory requirement is not complied by a large number of importers/ exporters/CHAs, it has been decided to take stern action in case of no .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates