Export Goods - Outgoing Vessels - Procedure Relaxed

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..... Export Goods - Outgoing Vessels - Procedure Relaxed - Commentaries / Editorials Dated:- 14-2-2007 - News - CBEC has issued a circular / instruction no. F.No.450/ 10 /2007-Cus.IV dated 13-02-2007 fo .....

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..... r Dispense with practice for recovery of revenue deposit of Rs. 3000/- u/s. 42 of the Customs Act, 1962. Accordingly, the board has withdraws its earlier instructions vide F.No. 28/12/70-Cus IV .....

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..... dated 22.5.1970 regarding security deposit in respect of foreign going coastal vessels under section 42 of the Customs Act, 1962. Accordingly, the quantum of deposit of Rs.3000/- and Rs.1000/- is ta .....

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..... ken from foreign vessel and coastal vessel, respectively, for covering liabilities of individual vessels. When shipping Lines handle a number of vessels, a one time deposit of Rs.15,000/- and Rs.5,000 .....

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..... /- is taken for the foreign going and coastal vessels respectively. It is welcome step and now no foreign going coastal vessels are required to deposit security. - News - Press release - PIB Tax .....

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..... Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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