This document is highly rated by b com students and has been viewed 10290 times. Custom act, 1962 bare acts law library advocatekhoj. Its preamble says that whereas it is expedient to consolidate and amend the law relating to the levy and collection of customsduties fee and service charges and to provide for other allied matters it is federal law and extends to the whole of pakistan. In this act, unless the context otherwise requires, 1 1 adjudicating authority means any authority competent to pass any order or decision under this act, but does not include the board, 2. Customs act 1962 customs tariff free 30day trial scribd. Jul 21, 2011 the proposed amendment of section 28 of the customs act, 1962 52 of 1962 would safeguard government revenue involved in show cause notices issued by specified customs officers viz. The proposed amendment of section 28 of the customs act, 1962 52 of 1962 would safeguard government revenue involved in show cause notices issued by specified customs officers viz. Download free sample and get upto 75% off on mrprental. Power of minister to fix customs duties by orders to be approved by the dewan rakyat 12. In this act, unless the context otherwise requires. Provisions of section 49 of customs act, 1962 relating to warehousing without warehousing. Buy customs act, 1962 book online at low prices in india. Act 22 of 1938 amended by laws of trinidad and tobago customs act chapter 78. The customs act, 1962 national biodiversity authority.
At any warehousing station, the assistant commissioner of customs or deputy commissioner of customs may appoint public warehouses wherein dutiable goods may be deposited. To download the notes click on the link given below. The entire gamut of the act is grouped into seventeen chapters. Section 65 of the customs act, 1962 enables conduct of manufacture and other operations in a customs. Classification and valuation by proper officer of customs a. Chapter 12 customs act 1962 free download as powerpoint presentation. Notifications issued for providing further relief during. Customs tariff act 1975 is for the classification and rates of duty for import and export 3. Central board of indirect taxes and customs has launched a revamped and streamlined program to attract investments into india and strengthen make in india through manufacture and other operations under bond scheme, under customs act, 1962. Rules under customs act under section 156 of customs act, 1962, central government has been empowered to make rules, consistent with. As per rule 8a and 8b of the customs appeal rules, 1982 section 129dd of the customs act, 1962. Customs act 1962 is the main act, which provides for levy and collection of duty, import export procedure, prohibition, penalties, offences etc. The customs act 1969 is an important law which regulates all the matters regarding import and export in country.
The assistant commissioner of customs or deputy commissioner of customs may cancel a license granted under subsection 1 by giving one months notice in writing to the licensee. Section wise summary on custom act 1962 has been uploaded by for the benefit of ca final students. For the purposes of the customs tariff act, 1975 51 of 1975, or any other law for the time being in force, the value of the imported goods and export goods shall be the transaction value of such goods, that. Short title, extent and commencement 1 this act may be called the customs act, 1962.
Customs act 1962 free download as powerpoint presentation. Entrustment of functions of board and customs officers on. Presumption that incidence of duty has been passed 19 on to the buyer 19b. Section wise summary on custom act 1962has been uploaded by for the benefit. 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. Import goods may be transported without payment of duty from one land customs station to another, and any goods may be transported from one part of india to. Save as otherwise provided in sections 30 and 41, the proper officer may, in his discretion, authorise any document, after it has been presented in the custom house to be amended 1in such form and manner, withi. This file contains section wise summary on various custom act 1962. India includes the territorial waters of india which extend upto 12 nautical miles into the sea to the coast of india.
Download the customs act 1962 by panel of experts pdf online. Laws of malaysia part iii levying of customs duties act 235 11. It is hereby agreed that any amount that due from meus under this bond may be recovered in the manner laid down in subsection 1 of section 142 of the customs act, 52 of 1962 signed, sealed and delivered by the witness named in presence of th date of september 2007. Director general to determine questions on classification and. Free download bond under section 59 1 of the customs act 1962 format for export import in india in word doc pdf. 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. Section 149 amendment of documents customs act, 1962. Here we are providing section wise summary on custom act 1962. Rates of duty and taxes and determination of 18 origin under trade agreements 18d. Manufacture under bond under section 65 of the customs act. Provisions of section 49 of customs act, 1962 relating to. Be it enacted by parliament in the thirteenth year of the republic of india as follows. Download section wise summary on custom act 1962 and boost up your preparation.
Customs act, 1962 pdf file chapter i preliminary 1. Its preamble says that whereas it is expedient to consolidate and amend the law relating to the levy and collection of customs duties fee and service charges and to provide for other allied matters. Customs act 1962 indian bare acts india bare act law firm. Statutory provisions of customs act, 1962 customs act, 1962 came into force from 121963. Customs duty is a type of indirect tax levied on goods imported into india as well as on goods exported from india.
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. Save as otherwise provided in sections 30 and 41, the proper officer may, in his discretion, authorise any document, after it has been presented in the custom house to be amended 1in such form and manner, withi x x x x extracts x x x x. 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. Where in the case of any imported goods,whether dutiable or not,are entered for home consumption but the importer is unable to clear the goods, then he may apply to acdc for permitting the goods to be deposited in a public warehouse for a period not exceeding 30 days,or in a private warehouse,if. Buy the customs act 1962 by panel of experts pdf online from faculty notes.
Customs act 1962 indian bare acts india bare act law. Entrustment of functions of board and customs officers on certain other officers. Download sectionwise summary on custom act 1962 file in pdf. Index of customs act, 1962 other customs acts chapterssection. Effective use of aarogya setu app for breaking the chain of transmission of covid19. The customs act, 1962 52 of 1962 chapter ix warehousing. December, 1962 an act to consolidate and amend the law relating to customs. Free download sample template example of pay slip editable format in word. Download this app from microsoft store for windows 10 mobile, windows phone 8. An act to consolidate and amend the law relating to customs. Customs act 1962, download pdf customs act 1962 vsctaxsol. Download sectionwise summary on custom act 1962 file in. The whole act is divided into xvii chapters comprising of 161 sections. Customs duty is on imports into india and export out of india.
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