Webshould not be confiscated under Section 111(d) and (m) of the Customs Act, 1962, and also as to why Penalty should not be imposed on the Appellant under Section 112(a) and 114AA of the Customs Act ... Web30 Mar 2024 · (a) the tariff classification of such goods as determined in accordance with the provisions of the Customs Tariff Act; (b) the value of such goods as determined in accordance with the provisions of this Act and the Customs Tariff Act; (c) exemption or …
THE CUSTOMS ACT, 1962* ARRANGEMENT OF SECTIONS - India …
Web1 Aug 2024 · C/85762,85763,85812,86211,86436,86437/2024 21 Since the appellants have made use of forged/fake invoices etc for the purpose of clearance of the goods they are also liable for penalty under Section 114AA of the Customs Act, 1962. 4.1 We have considered the impugned order along with submissions made in appeals and during the course of … Web25 Mar 2024 · The Madras High Court quashed the levy of penalty under Section 112 (a) or 114AA of the Customs Act, 1962 as Show Cause Notice was not issued by the proper officer. The petitioner, Quantum Coal Energy (P) Ltd. is an importer of coal. According to the petitioners, they imported steam coal during the period from March 2012 to November … small business and technology
Service duty on Loading & unloading charges, Customer Tax
Web12 Sep 2024 · The Duty Drawback provisions are described under Section 74 and Section 75 under the Customs Act, 1962. This Act laid down the various restrictions and conditions to claim drawback of duties under certain situations. SECTION 74: As per section 74, if the re-exports of imported goods, which are identified quickly and within two years from the ... WebThe surplus, if any, will be dealt with in accordance with the aforesaid provisions of section 11-B of the Central Excises and Salt Act, 1944 and section 27 of the Customs Act, 1962. 4. The Bill seeks to achieve the above objects. Amendment Act 55 of 1991-Statement of Objects and Reasons. Web6 Nov 2024 · As such, in my opinion that penalty under section 114AA of the Customs Act, 1962 has wrongly been imposed upon him. 10. However with respect penalty under … small business and obamacare