Description
Taxmann Publications Customs Law & Foreign Trade Policy 24th Edition 2022 by V S Datey
This book provides a subject/topic-wise, comprehensive yet concise commentary on Customs Law & Foreign Trade Policy in India.
The Present Publication is the 24th Edition authored by V.S. Datey. The law stated in this book is amended by the Finance Act 2022 with the following noteworthy features:
[Graded Analysis] starting from the background/basic aspects of the law followed by the procedural aspects in simple language
[All-Important Case Laws] have been discussed and explained briefly and concisely, along with contrary decisions, which will enable the professionals to draft suitable replies to show cause notices
[Comprehensive Analysis on Customs Law] with statutory provisions and case laws
[Four Pillars of Customs Law] which includes discussions on the following four pillars of customs law:
Taxable Event
Types of Customs Duties
Valuation
Rate of Duty, including classification, exemptions and remissions
[All-important Topics] which includes analysis of the following:
Assessments & Appeals
Demands
Refunds
Duty Drawback
Warehousing
[Detailed Explanation of Export Promotion Schemes] such as:
Duty Credit Schemes
Advance Authorisation
Duty-Free Import Authorisation Scheme
Export Promotion Capital Goods Scheme
Duty Drawback
Deemed exports
Export Oriented Units
Special Economic Zones
The detailed contents of the book are as follows:
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 Limitations 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