Custom Booster Amendments May 19 (1) (1).pdf - CA Final CMA Final CS Professional CA FINAL CUSTOM AMENDMENTS Applicable for May 2019 Examination By CA

Custom Booster Amendments May 19 (1) (1).pdf - CA Final CMA...

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CA FINAL CUSTOM AMENDMENTS All Circulars & Notications upto 31st Oct 2018 All Statutory Updates of ICAI Applicable for May 2019 Examination By : CA Vishal Bhattad CA - Final CMA - Final CS - Professional
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ASSESSMENT Section 2(2) Assessment” means determination of the dutiability of any goods and the amount of duty, tax, cess or any other sum so payable, if any, under this Act or under the Customs Tariff Act, 1975 or under any other law for the time being in force, with reference to— (a) the tariff classification of such goods as determined in accordance with the provisions of the Customs Tariff Act (b) the value of such goods as determined in accordance with the provisions of this Act and the Customs Tariff Act (c) exemption or concession of duty, tax, cess or any other sum, consequent upon any notification issued therefor under this Act or under the Customs Tariff Act or under any other law for the time being in force (d) the quantity, weight, volume, measurement or other specifics where such duty, tax, cess or any other sum is leviable on the basis of the quantity, weight, volume, measurement or other specifics of such goods (e) the origin of such goods determined in accordance with the provisions of the Customs Tariff Act or the rules made thereunder, if the amount of duty, tax, cess or any other sum is affected by the origin of such goods (f) any other specific factor which affects the duty, tax, cess or any other sum payable on such goods, and includes provisional assessment, self-assessment, re-assessment and any assessment in which the duty assessed is nil Amended by F.A.2018 Amendments by F.A. 2018 & Rule, Circulars & notification upto 31-10-2018 Amendment in Existing Provision Chapter 1 Introduction & Levy of Customs duty
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Chapter 2 Importation & Exportation Procedure SECTION 30: DELIVERY OF OR IMPORT MANIFEST OR IMPORT REPORT ARRIVAL MANIFEST Amendment in existing Provision SECTION 41: DELIVERY OF DEPARTURE MANIFEST OR EXPORT MANIFEST OR EXPORT REPORT. The person-in-charge of a conveyance carrying export goods or imported goods shall, before departure of the conveyance from a customs station, deliver to the proper officer i. In the case of a vessel or aircraft - an export manifest or departure manifest and ii In the case of a vehicle - an export report Such form and manner as may be prescribed and in the case the person-in-charge fails to deliver the departure manifest or export manifest or export report or any part thereof within such time, and the proper officer is satisfied that there is no sufficient cause for such delay, such person-in-charge shall be liable to pay penalty not exceeding fifty thousand rupees. Provided that principle Commissioner of Custom or Commissioner of Custom may in cases were it is not feasible to deliver the departure manifest or export manifest or export report by presenting electronically allow the same to be delivered in any other manner.
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