Besides, all imports are sought to be subject to a duty with a view to affording protection to indigenous industries as well as to keep the imports to the minimum in the interests of securing the exchange rate of Indian currency. Looks like you’ve clipped this slide to already. - "Form or method", in relation to a rate of duty of customs, means the basis, namely, valuation, weight, number, length, area, volume or other measure with reference to which the duty is leviable. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. See our Privacy Policy and User Agreement for details. See our User Agreement and Privacy Policy. SlideShare Explore Search You. Anti-dumping Duty 6. It may be at the standard rate or at the preferential rate. You can change your ad preferences anytime. Bill of Entry for warehousing • Yellow Bill of Entry is for warehousing. ... Types of duty Lecture By Prof. Rajesh J Tayal for CA FINAL IDT May 2018 Exam - … Basic Customs Duty (BCD) 2. This scheme is operationalized through a Notification No.40/2006-Cus., dated 1-5-2006. circumcision, both male and female) that they continue to flourish regardless of outside influences or attempts at intervention. Education Cess on Custom Duty While customs tend to be more entrenched in less industrialized societies, they exist in all types of societies, regardless of how industrialized they are or to what level of literacy the populace has risen. Custom Duty Charges | All Questions About Custom Duty | Import Custom Duty - Duration: 11:00. Custom Duty is governed by Customs Act 1962. Upload; Login; Signup; Submit Search. Today, however, it is responsible in almost equal measure for performing monitoring tasks relating to the trading of international goods: It is specific to that place alone. Custom Duty in India : Custom Duty is an Indirect tax collected by Central Govt on Imports and Export of goods. Customs duty on Imports and Exports• Customs duty is on imports into India and export out of India. All about of custom duty and all index sections are cover under Revision by the commisionary of income tax, No public clipboards found for this slide, Mookambigai College of Engineering, Keeranur. Also explore Bound overhang for various countries. The DFIA Authorisations are issued only for products for which SION have been notified. Now customize the name of a clipboard to store your clips. on Imports and Export of goods. DUTY DRAWBACK It enables exporter to obtain a refund of custom duty paid on imported goods. Duty drawback was the second law passed by the first Congress of the United States in 1789. Customs duty refers to the tax imposed on goods when they are transported across international borders. Useful for CA CS CMA ICWA November/ December 2015 exams. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The primary focus of the customs administration has traditionally been the administration of taxes and duties. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. While Customs Duties include both import and export duties, but as export duties contributed only nominal revenue, due to emphasis on raising competitiveness of exports, import duties alone constituted major part of the revenue from Customs Duties and include the following: Basic Customs Duty.  M.Com, FCMA,ACA,IFRS(Certified). If you continue browsing the site, you agree to the use of cookies on this website. What is Custom Duty? The United States Customs and Border Protection (CBP) enforces customs rules. 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