In the customs act, 1962, in subsection 1 of section 12 and in subsection 1 of section 14, for the words and figures indian tariff act, 1934, the words and figures customs tariff act, 1975 shall be substituted. 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. Application of section 9 1 of highways act, 1959, to pipeline. The act came into force on the first day of february 1963 when the government issued notification in the gazette of india. Customs notes for icsi professional linkedin slideshare. The customs act, 1962 52 of 1962 chapter ix warehousing section 57. Section 149 amendment of documents customs act, 1962. Goods relanded or transshipped from a conveyance returning to a customs station or putting into another customs station. Import tax compliance nottingham eprints university of nottingham. Introduction of a legislative amendment bill to amend the customs act, 1962 52 of 1962 with retrospective effect to validate show cause notices issued for demand of customs duty. Schmolders 1959 who proposes an economicpsychological model blend, or the. Conveyances and goods in a customs area subject to control of officers of customs. Conveyance returning to customs station may enter and land goods. Charging section of customs section 12 of the customs act.
Assessment is the process of quantification of duty liability. 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. The customs act was enacted in 1962 with an objective to consolidate and modify the legal principles relating to customs. Customs act, 1962 eximkey indias dgft, customs, excise. Customs duty is a type of indirect tax levied on goods imported into india as well as on goods exported from india. India includes the territorial waters of india which extend upto 12 nautical miles into the sea to the coast of india.
Office of the commissioner of customs imports new custom house ballard estate, mumbai 400 001 file no. 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. Buy customs act, 1962 book online at best prices in india on. Budget 2020 changes in customs law including rate of duty. Director general to determine questions on classification and.
Customs act 1962 indian bare acts india bare act law firm. Examples of noncompliance cases on customs duty payment. Feb 24, 2015 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. Indian customs acts 1962, chapterv, levy of and exemption.
Section 241 of the customs act, 1962, defines value in relation to any goods as the value thereof determined in accordance with the provisions of subsection 1 or subsection 2 of section 14. An act to consolidate and amend the law relating to customs. Download the customs act 1962 by panel of experts pdf online. Kautilyas arthashastra also refers to shulka customs duty consisting of import duty and export duty to be collected at the city gates on both goods coming in and. The chapter includes officer of customs, appointment of customs ports, airports, etc. Customs act 1962 indian bare acts india bare act law. Chapter iv prohibitions on importation and exportation of goods. A commentary on every section in each part of the act, giving a detailed description of the provisions and effects of the sections. The provisions of customs act, 1962 and the rules and regulations made thereunder, including those relating to the date for determination of rate of duty, assessment, non. An overview of the provisions of each part of the act. Short title extent of repeal 1 2 3 4 1878 8 the sea customs act the whole. Index of customs act, 1962 other customs acts chapterssection. May 23, 2014 6 applicability of provisions of customs act, 1962. Except as otherwise provided in this act, or any other law for the time being in force, duties of customs shall be levied at such rates as may be specified under the customs tariff act, 1975 51 of 1975, or any other law for the time being in force, on goods imported into.
Customs act 1962 section 50 entry of goods for exportation. Date for determination of rate of duty and tariff valuation of export goods. Appointment of customs ports, airports, etc appropriate renaming has been done, since provision of warehousing station has been deleted 9 section 9. Jul 15, 2014 the customs act was enacted in 1962 with an objective to consolidate and modify the legal principles relating to customs.
In this act, unless the context otherwise requires, 1 1 adjudicating authority means any authority competent to pass any order or decision. This customs act has been promulgated by parliament of india in the year 1962. In exercise of the powers conferred by subsection 14235b of the customs act 1967 act 235, the minister makes the following regulations. Definitions in this chapter, unless the context otherwise requires. Charging section of customs section 12 of the customs act, 1962. Chapter iii appointment of customs ports, airports,warehousing stations etc. The main advantage of the study material is to provide help to the students to get knowledge and skills in the particular subject. Notes for guidance customs act 2015 the notes contain. Application of section 562 of the code of criminal procedure, 1898, and of the probation of offenders act, 1958. Professor of law the wbnujs, kolkata introduction regulation of export and import duties of customs including export duties union list, entry 83, constitution of india. Power of minister to fix customs duties by orders to be approved by the dewan rakyat 12. The customs act, 1962 52 of 1962 chapter iva detection of illegally imported goods and prevention of the disposal thereof.
Conveyance returning to customsstation may enter and land goods. Entrustment of functions of board and customs officers on. Customs act, 1962 52 of 1962 see section 160 repeals year no. Most of this study material are providing free of cost. December, 1962 an act to consolidate and amend the law relating to customs. 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. Entrustment of functions of board and customs officers on certain other officers. In each collection, the stations were responsible for assessment of duty. Buy the customs act 1962 by panel of experts pdf online from faculty notes. Short title, extent and commencement 1 this act may be called the customs act, 1962. A new chapter vaa has been proposed in the customs act, 1962 to provide for enabling provision for administering the preferential tariff. 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. Notice of nonloading or relanding and return of duty thereon.
May 29, 2018 section12ofthecustomsact, 1962 except as provided in this act, or any other law for the time being in force,duties of customs shall be leviedat such rates as may be specified under the customs tariff act, 1975, or any other law for the time being in force,on goods imported into and exported from ind. Section wise summary on custom act 1962 has been uploaded by for the benefit of ca final students. Buy customs act, 1962 book online at low prices in india. Jan 06, 2018 some important definitions under customs act, 1962.
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. In order to reduce the transaction cost of the importers and expedite the time taken for customs clearance, the cbec has made epayment of duty mandatory for the importers paying an amount of rs, 1,00,000 or more per transaction. The customs act 1962 is the main law governing the levy. At any warehousing station, the assistant commissioner of customs or deputy commissioner of customs may appoint public warehouses wherein dutiable goods may be deposited. Historical background of customs act, 1962 the term customs derives its color and essence from the term custom which means habitual practice or course of action.
Rules regulations notifications orders circulars statutory ordinance statutes. The customs act, 1962 and custom tariff act, 1975 has been extended to. Customs act, 1962 pdf file chapter i preliminary 1. Laws of malaysia part iii levying of customs duties act 235 11. The customs act, 1962 52 of 1962 chapter xvii miscellaneous. Some of the values commonly known to the public are. Download sectionwise summary on custom act 1962 file in. Hm customs and excise was a department of the british government formed in 1909 by the merger of hm customs and hm. The customs act, 1962 national biodiversity authority.
Some important definitions under customs act, 1962. Custom act, 1962 bare acts law library advocatekhoj. The customs act, 1962 52 of 1962 chapter v levy of, and exemption from, customs duties section 12. Section12ofthecustomsact,1962except as provided in this act, or any other law for the time being in force,duties of customs shall be leviedat such rates as may be specified under the customs tariff act, 1975, or any other law for the time being in force,on goods imported into and exported from ind. To download the notes click on the link given below. The entire gamut of the act is grouped into seventeen chapters. Download free sample and get upto 75% off on mrprental. Classification and valuation by proper officer of customs a. Commissioner of customs, import1 the honble supreme court held that when a show cause notice was issued under section 124 of the customs act, 1962 the act. 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. Be it enacted by parliament in the thirteenth year of the republic of india as follows. International trade in goods and services in india. Customs act, 1962, when option to redeem is not exercised by the assessee tax alert april 17, 2015 fortis hospital ltd vs.
232 1011 844 926 586 478 641 1159 195 950 374 500 665 1222 725 634 1239 142 854 1164 274 145 1250 1318 164 257 1163 1260 844 774 1408 1325 1294 1106 714 1384 597 36 367 1087 43 1438 369 461