Revised Guidelines of Bonded Manufacturing Scheme

Revised Guidelines of Bonded Manufacturing Scheme The Central Board of Indirect Taxes and Customs (CBIC) have notified the Revised Guidelines of Bonded Manufacturing Scheme which applies to the units that operate under Section 65 of the Customs Act, 1962. This…

Customs Duty

Customs Duty Goods are imported in or exported from India through sea, air or land. Goods may even come through post parcel or as baggage when passengers travel in and out of the country. The Customs Act was formulated in…

Amendment In Merchant Overtime Fee

Amendment In Merchant Overtime Fee Section 36 of the Customs Act, 1962 levies restriction on unloading and loading of goods on holidays or on any other day after working hours. Further the said section provides that the restriction so levied…

Authorized Economic Operator

Authorized Economic Operator The World Customs Organization in June, 2005, with a view to secure the international supply chain, has adopted the SAFE framework of Standards. Authorized Economic Operator (AEO) is one of the three pillars on which the SAFE…