Income Tax Appellate Tribunal has no power to stay prosecution of taxpayers i... From zero to infinity the journey of indian mathematics, Customer Code: Creating a Company Customers Love, Be A Great Product Leader (Amplify, Oct 2019), No public clipboards found for this slide, Thakur Institute of Management Studies and Research, Mumbai. How many times you have revised the topics you have finished. t. Section 2 . 47, customs duty on import should be filed immediately on filing bill of entry. An Act to consolidate and amend the law relating to customs. We are happy to help you make successful in your exams. Full Document: HTML Full Document: Customs Act ... KB] | PDF Full Document: Customs Act [1478 KB] Act current to 2020-12-02 and last amended on 2020-07-01. Customs Act, 1962; Customs Tariff Act, 1975 -CTA; Cus Rules & Regulations; Cus Tariff/ Rate/ Classification; Notifications; Circulars ; Forms ; Customs Board's Manual ; Customs Case Laws ; Foreign Trade Policy. Short title, extent and commencemen. Section wise summary on Custom Act 1962 : The articles below will help you with everything you will need to register for the CA final  Exam with exam dates, admit card and result. The provisions of the Customs Act, 1962 relating to confiscation, penalty and prosecution shall apply to cases where wrong declaration, information, statement or documents are furnished. Now customize the name of a clipboard to store your clips. (3) It shall come into force on such date as the Federal Government may, by notification in the official Gazette, appoint. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 1962 Customs Act replaced it. Shaded provisions are not in force. Section wise summary on Custom Act 1962 has been uploaded by Zeroinfy.com for the benefit of CA Final students.To download the notes click on the link given below (2) R extends to the whole of Pakistan. Index of Customs Act, 1962 Other Customs Acts Chapters/Section. The Customs Act was enacted in 1962 with an objective to consolidate and modify the legal principles relating to customs. Customs Act, 1962; Customs Tariff Act, 1975 -CTA; Cus Rules & Regulations; Cus Tariff/ Rate/ Classification; Notifications; Circulars ; Forms ; Customs Board's Manual ; Customs Case Laws ; Foreign Trade Policy. Reference to import manifest and export… As per sec. Persons possessing notified goods to intimate the place of storage, etc. You can change your ad preferences anytime. ACT NO. Custom Act 1962 : Customs Duty is a type of indirect tax levied on goods imported into India as well as on goods exported from India. important section wise summary on custom act 1962 it is a notes which is helpful for the students preparing for the ca final exams notes on custom act 1962. cci menu. Initially only few topics are published. 15 is the date of presentation of bill of entry (or) date of entry inwards, whichever is later. In the Notes Page some more is mentioned clarifying what must not be construed as transaction value. The Import and Excise Duties (Validation) Act, 1984 (Act No. Share this article with your friends! Short title, extent and commencement (1) This Act may be called the Customs Act, 1962. Your email address will not be published. - In exercise of the powers conferred by Section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations, namely : Short title and commencement.- (1) These regulations may be called the Boat Notes Regulation, 1976. 89 Laws Acts 2 of 1963, 32 of 1964, 19 of 1967, 24 of 1968, 42 of 1969 3rd Sch, 14 of 1971 1. In India, the basic law for levy and collection of customs duty is Customs Act, 1962. 52 of Year 1962 dated 13th. ... 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