CBEC reviews its Risk Management system on Self assessment of Goods for Customs

Circular No.15/2012-Customs

F.No.450/20/2007-Cus.IV

Government of India

Ministry of Finance

Department of Revenue

Central Board of Excise & Customs

227-B, North Block,

New Delhi-110001

13^th June, 2012

To

All Chief Commissioners of Customs / Customs (Prev.).

All Chief Commissioners of Customs & Central Excise.

All Commissioners of Customs / Customs (Prev.).

All Commissioners of Customs & Central Excise.

All Director Generals under CBEC.

Sir/ Madam,

Subject:  Review of Risk Management System (RMS) – regarding

…..

As you are aware Self Assessment has been introduced vide Finance Act 2011. This marks a major change in the system of assessment of customs duty of imported and export goods. Self Assessment is trust based control with more reliance on declarations of the importer and exporters.

CBEC clarifies the Classification of Rail Cum Road Vehicle or Road-Rail–Vehicle

Circular No.14 / 2012 - Customs

F. No. 528/23/2012-STO (TU)

Government of India

Ministry of Finance

Department of Revenue

Central Board of Excise & Customs

Tariff Unit

*** 

New Delhi, the 11^th June, 2012.

To

All Chief Commissioners of Customs/ Customs (Prev.)/ C&CE,

All Directors General of CBEC,

All Commissioners of Customs / Customs (Prev.) / C&CE

All Commissioners of Customs & Central Excise (Appeals).  

 Sir / Madam,

Subject: Classification of Rail Cum Road Vehicle - regarding.

            Board has received representations regarding divergent practice followed in the classification of rail cum road vehicles. Reportedly, field formations are classifying such vehicles both in chapter 86 which covers, “Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds”, and in chapter 87 which covers, “Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.”

CG amends Notification No. 38/96-Customs vide Notification No. 41/2012-Customs

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

                                                        GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 41 /2012-Customs

New Delhi, dated the14^th June, 2012 

            G.S.R.      In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 38/96-Customs, dated the 23^rd July, 1996, G.S.R. 290(E), dated the 23^rd July, 1996, namely:-

            In the said notification, against S.No.1, in column (2), in item (g), for the words “szaibelyite and goat cashmere”, the words “szaibelyite, goat cashmere, Readymade Garments, Shoes, Quilt/Blankets, Carpets and Local Herbal Medicines” shall be substituted.

[F.No.354/57/2007 –TRU (Pt-I)]

(Raj Kumar Digvijay)

      Under Secretary to the Government of India  

Note: -    The principal notification No. 38/96-Customs, dated the 23^rd July, 1996 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 290(E), dated the 23^rd July 1996 and was last amended vide notification No.70/2006-Customs, dated 4th July, 2006, published Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 399 (E), dated the 4th July, 2006.

CG amends 31 Different notification vide Notification No. 40/2012-CUSTOMS

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 40/2012-CUSTOMS

New Delhi, 14^th the June, 2012 24,

Jyaistha, 1934 SAKA

G.S.R. 445(E). In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table, namely :-

CG amends Notification No. 12/2012-Customs by amending Condition No. 28 to the Annexure of the said Notification.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 39/2012-Customs

New Delhi, the 12^th June, 2012 

            G.S.R.  (E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),  the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the further following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Customs, dated the 17^th March, 2012 which was published in the Gazette of India, Extraordinary, vide G.S.R. 185(E) dated the 17^th March, 2012, namely: -

CG amends Notification No.85/2004-Customs, dated the 31st August, 2004

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 38 / 2012- Customs

New Delhi, dated the 29^th May, 2012

            G.S.R.         (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.85/2004-Customs, dated the 31^st August, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 560 (E), dated the 31^st August, 2004, namely:-

CG imposes safeguard duty at the rate of 10% ad valorem, on imports of Phthalic anhydride into India

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

Government of India

Ministry of Finance

(Department of Revenue)

Notification

No. 3/ 2012-Customs (SG)

New Delhi, dated the 29^th May, 2012

G.S.R. (E). - Whereas, in the matter of import of Phthalic anhydride (hereinafter referred to as the subject goods), falling under tariff item 2917 35 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Act), the Director General (Safeguard), in preliminary findings, vide number G.S.R. 719 (E), dated the 23^rd September, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 23^rd September, had come to the conclusion that increased imports of Phthalic anhydride into India had caused and threatened to cause further serious injury to the domestic producers of Phthalic anhydride and it had necessitated the imposition of provisional safeguard duty on imports of Phthalic anhydride into India;

CG rescinds Notification No.1/2012- Customs (SG), dtd 17th January 2012

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

Government of India

Ministry of Finance

(Department of Revenue)

Notification

No.2 / 2012-Customs (SG)

New Delhi, dated the 29^th May, 2012

G.S.R. (E).- In exercise of the powers conferred by sub-section (2) of section 8B of the Customs Tariff Act, 1975 (51 of 1975), read with rules 10 and 14 of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997, the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) no. 1/2012- Customs (SG), dated the 17^th January, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),vide number G.S.R.29 (E), dated the 17^th January, 2012, except as respects things done or omitted to be done before such rescission.

ICSI - Clarifies the applicability of DT and IDT updates for June 2012 Exam

CLARIFICATION REGARDING THE APPLICABILITY OF DIRECT TAXES AND INDIRECT TAXES UPDATES FOR JUNE 2012 EXAMINATION

The students of Executive Programme and Professional Programme are advised to refer the relevant portion of the DIRECT TAXES AND INDIRECT TAXES UPDATES uploaded at http://www.icsi.edu/docs/WebModules/Student/Tax%20updates%20for%20June%202012%20Exams.pdf   as per the syllabus prescribed for June 2012 Examination.

(Executive Programme students shall refer Income Tax Act & Service Tax- page no. 4-25 and Professional Programme Students shall refer Income Tax Act- Page No.4-16, Central Excise & Customs Act- page no. 25-37)

Zone-shifting of Candidates for June - 2012 CA - CPT Exams

IMPORTANT ANNOUNCEMENT

May 23rd, 2012

Subject: Zone-shifting of candidates for June - 2012 CA – CPT Exams

Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Kolkatta and Hyderabad, some of the candidates have been allotted examinations centres in other zones of the said cities where the accommodation is available. In view of this, it is not possible to accede to the requests of the candidates for transfer to an examination centre in a particular zone of the city opted by them. While inconvenience caused in the mater is deeply regretted, we seek the valuable cooperation from the effected students and other stakeholders in the regard.

(G.Somasekhar) Additional Secretary (Exams)