Description
Taxmann Publications Customs Law and Foreign Trade Policy as amended by the Finance Act 2021 by V S Datey
Taxmann’s Customs Law & Foreign Trade Policy covers comprehensive analysis of the Customs Laws as amended by the Finance Act 2021, the Foreign Trade Policy 2015-20 and Rules & Regulations prescribed under the Customs Act, 1962.
The Present Publication is the 23rd Edition, amended by the Finance Act, 2021, authored by V.S. Datey.
This book has been divided into three parts:
Law and Practice Relating to Customs
Customs Act
Rules and Regulations
The features of this book includes the following:
Detailed analysis of provisions of the Customs Laws and Foreign trade Policy 2015-20 along-with relevant Judicial Pronouncements, Circulars and Notifications
Covers the legal text of the Customs Act, 1962 and its Rules & Regulations as amended by Finance Act, 2021
Analysis of GST provisions at appropriate places
Detailed coverage of various export promotion schemes (EPCG, Advance Authorisation, EOU, etc.)
Follows the Six-Sigma Approach, to Achieve the Benchmark of ‘Zero Error’
The detailed contents of this book are as follows:
Law and Practice Relating to Customs
Introduction to Customs Duty
Types of Custom Duty
Classification of Goods
Principles of Classification of Goods
Valuation for Customs Duty
Methods of Valuation for Customs
Valuation of Export Goods
Assessment in Customs
Administrative Set Up of Customs
Customs Procedures
Import Procedures
Export Procedures
Customs Brokers
Baggage
Customs Procedure for Courier and Post
Exemption from Customs Duty
Interpretation of Exemption Notification
Specific Exemptions in Customs
Remission, Re-Imports and Re-Exports
Departmental Adjudication
Demands of Customs Duty and Interest
Interest for Delayed Payment of Customs Duty
Demands for Undervaluation of Customs Duty
Demands for Suppression, Wilful Misstatement or Collusion
Recovery of Dues
Refund of Customs Duty and Interest
Warehousing in Customs
Enforcement Powers of Customs Officers
Penalties of Non-Payment Customs Duty
Other Penalties in Custom Act
Confiscation in Customs
Miscellaneous Provisions in Customs Law
Criminal Offences in Customs
Settlement Commission
Proofs in Adjudication and Prosecution
Appeals – General Provisions
Departmental Appeal and Review
First Appeal and Revision
Appeal to Tribunal
Powers and Limitation of Tribunal
Appeal to High Court and Supreme Court
Overview of Foreign Trade Policy 2015-20
FT (D&R) Act and Rules
Procedures under Foreign Trade Policy
Policy for Import and Export of Goods
Export Promotional Measures
Advance Authorisation
Duty Free Import Authorisation (DFIA)
Gem and Jewellery Units
Duty Drawback
EPCG Authorisation
EOU/STP/EHTP/BTU
Other Schemes similar to EOU
Deemed Exports
Special Economic Zones
Customs Act
Rules & Regulations
About the author
V.S. Datey
Mr. V.S. Datey, based out of Pune (Maharashtra), has worked for close to 27 years in corporate field at senior levels in leading listed companies like Kirloskar Tractors, Taparia Tools, as Company Secretary and General Manager (Finance), during 1966 to 1993.
He started his career as author on books relating to indirect taxes in 1993. Presently, he is concentrating on writing books on topics relating to indirect taxes and corporate laws. All his books are published by Taxmann, New Delhi. His books have been prescribed for professional examinations like CA, CS and ICMA and are also widely referred by professionals and departmental officers. Mr Datey conducts various training programmes on indirect tax related topics.