Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Import under Project Import (Chap 98.01)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... We had import goods prior to project registration with Customs. Imports were kept in warehouse under Sec.59 with CTH code other than 98.01 with a view clearance of goods under Project Import .Later on Essentiality Certificate from our Customer received and registered with Customs under Project Import under Custom Notification 12/2012 ,S.No.511 with CTH applicable in 98.01. During Ex-bond , Cu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... stoms refused to clearance of goods under PIR and informed that change of CTH code is not allowed during EX-bond under Project Import. please forward your views on this subject. - Reply By Rakesh Chitkara - The Reply = It is a curable defect. Your substantive right can not be denied on mere procedural irregularity. You need to move fast to avoid unnecessary demurrage and seek provisional asses .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sment, by submitting requisite security, and ask for a speaking order. You will succeed. Nevertheless, it would be advisable to take the correct legal steps at this stage itself, even if there is a slight delay. Seek expert legal opinion. If your CHA is wise, he will know how to tackle the matter. - Reply By Pradeep Khatri - The Reply = In addition to above you would have to comply with Rules .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ,Regulations and also fulfull the conditions pertaining to Project import. - Reply By Gajendra Purbiya - The Reply = Refer CBEC's Custom Manual of Instruction issued on 02.02.12 which provides that the rate of duty and tariff value to be mentioned on the bill of entry for home consumption (ex bond bill of entry) should be the one prevailing on the date when such a bill of entry is presented. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Further, Public notice issued by different custom houses provides that in respect of ex-bond bill of entry, ''tariff headings and the notifications can be changed if so required" - Import under Project Import (Chap 98.01) - Query Started By: - BRIJ MOHAN GOYAL Dated:- 15-11-2013 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply po .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... st by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates