client

client

1. iec code

   • dgft

2. IF export benefits

   • REGISTER AT export promotion council

3. if exporter manufacturer or third party (eg export merchant)

   • submit shipping bill
     • Declatation by exporter
       • export duty if payable
         • entry of goods for exportation
           • clearance of goods for exportation
             • check in customs
               • examination of goods before exports
                 • LEO
                   • Goods not to be loaded till entry outward is graned
                     • Conveyance to leave on written order
                       • Notice of short supply
   • taxable event is date of crossing of customs barrior BUT EXPORT IS COMPLETE ONCE CROSSES TERRITORIAL WATER (12 nautical miles)
     • 16 date of determination of rate of duty , goods entered for export

4. incharge of conveyance

   • export manifest or export order
   • load his conveyance
     • once customs officers issues LEO

5. IF export promotion schemes

   • register documents as DEPB, ADVANCE AUTHORISATION

6. if importer

   • incharge of convyance
     • unload his conveyance
       • once ENTRY INWARDS is granted
     • import manifest or import order
   • Self Assessment on basis of RMS is provided to specific goods and importers
   • BILL OF ENTRY electronic in major ports (containst goods being imported )
     • home consumption white
     • ware housing (into bond BOE) yellow
     • Ex bond clearance from warehouse (green)
   • Taxable event is date of crossing of custom barrier NOT DATE OF LAND IN INDIA
     • 15 Date of determination of rate of duty home cusumption date, date of clearance from warehouse, other goods
   • goods arrival at port or airport
     • grant of entry inward by customs officer
       • unloading of reported goods only
         • filing of import bill of entry
           • assessment of goods
             • approval of assessment
               • custom clearance from view point of import policy
                 • payment of duty
                   • disposal if goods are not cleared in 30 days

7. custom valuatio rules 1988

   • baggage rules 1998
     • re exort of imported goods act
       • duty drawback rules 1995

8. Customs act 1962

   • section 12 to 28 levy and collection of duties
     • 13 pilferred goods
       • 14 valuation, ( after 1988 custom valuaiton, price should be only consideration 2. imp and exp shall not have any interest in others business
         • rule 7a, computed value
           • residual method or fallback method
             • Best judgement method of 1963 valuation rules
             • Declaration by importer, rule 10, 1. relation with buyer or agent 2. condition of goods

9. Tariff act 1975

   • Chapter 98 project import, laboratories
     • 99 exempted goods

10. Excemptios

    • general
    • specific
    • Fulfilling certain conditions
    • notification
      • spcial adhoc
        • general
          • ongc / oil
            • other exemtion

11. 75 DRAW BACK = EQUAL TO CUSTOMS DUTY ON IMPORTED INPUTS 2. EXCISE DUTY ON INDIGINEOUS INPUTS

    • Rebate of Duty Chargeable
    • Rebate of duty of Excise
    • Draw back on export of duty paid imports
      • Drawback on imported goods used in the manufacture of export goods
        • 76 provisions and regulation of drawback