Taxmann Customs Law and Practice with Foreign Trade Policy 2023

Taxmann Customs Law and Practice with Foreign Trade Policy 2023 Description

This book provides a subject/topic-wise, comprehensive yet concise commentary on Customs Law & Foreign Trade Policy in India.

The Present Publication is the 25^th Edition and has been amended by the Finance Act 2023. This book is authored by V.S. Datey 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:
    • Taxable Event
    • Types of Customs Duties
    • Valuation
    • Rate of Duty, including classification, exemptions and remissions
  • [All-important Topics with Statutory Provisions & Case Laws] which includes analysis of the following:
    • Assessments & Appeals
    • Demands
    • Refunds
    • Warehousing
• [Topic-wise Discussion on Foreign Trade Policy 2023] along with relevant provisions in respect of each topic are discussed for ease of reference and understanding
• [Issues Relating to Export/Import] such as:
  • Export/Import Policy of Goods
  • Procedures
  • Advance Authorisation/DFIA
  • EPCG
  • RoDTEP/RoSCTL
  • Gem & Jewellery
  • EOU/STP/EHTP/BTP
  • SEZ
  • Deemed Exports
  • IFSC
• [Interlinking] of the following:
  • Foreign Trade Policy
  • Customs Act
  • GST Law

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 Customs 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 the Tribunal
• Appeal to High Court and Supreme Court
• Overview of Foreign Trade Policy 2023
• General Provisions Relating to Imports and Exports
• Imports of Goods
• Export of Goods
• District as Export Hub
• Advance Authorisation
• DFIA
• Gem and Jewellery Units
• RoDTEP and RoSCTL
• EPCG and Project Imports
• EOU/EHTP/STP/BTP
• Deemed Exports
• Quality Complaints and Trade Disputes
• Cross Border Trade in Digital Economy (E-Commerce)
• SCOMET
• Miscellaneous Provisions in FTP
• Duty Drawback
• Special Economic Zones
• FT (D&R) Act and Rules
• International Financial Services Centre (IFSC)
• Appendices
  • Key Highlights of Foreign Trade Policy 2023
  • Foreign Trade Policy 2023
  • Handbook of Procedures 2023
  • List of Appendices as per FTP 2015-2020
  • List of ANFs (Aayat-Niryat Forms) as per FTP 2015-2020
  • Important Customs Notifications relevant to FTP
  • Foreign Trade (Development and Regulation) Act, 1992
  • Foreign Trade (Regulations) Rules, 1993
  • Amnesty Scheme for One Time Settlement of Default in Export Obligations by Advance and EPCG Authorization Holders

Taxmann Customs Law and Practice with Foreign Trade Policy 2023