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Post by: Shushma in Import - Export
Shipping Bill and Revised Shipping Bill Format Every exporter who is willing to export goods is required to file a shipping bill. To obtain customs clearance, the exporter is required to prepare the shipping bill. The shipping bill/bill of export…
Post by: Chris John in Compliance Personal Finance
Customs Duty Goods are imported in or exported from India through sea, air or land. Goods may even come through post parcel or as baggage when passengers travel in and out of the country. The Customs Act was formulated in…
Post by: Shushma in Import - Export
Amendment In Merchant Overtime Fee Section 36 of the Customs Act, 1962 levies restrictions on the unloading and loading goods on holidays or any other day after working hours. Further, the said section provides that the limitation so levied can…
Post by: Shushma in Government Initiatives
Authorized Economic Operator The World Customs Organization in June, 2005, with a view to secure the international supply chain, has adopted the SAFE framework of Standards. Authorized Economic Operator (AEO) is one of the three pillars on which the SAFE…
Post by: IndiaFilings.com in Business Startup Import - Export
Types of Customs Duty Basic Customs Duty Basic custom duty is the duty imposed on the value of the goods at a specific rate. The duty is fixed at a specified rate of ad-valorem basis. This duty has been imposed from…
Post by: IndiaFilings in Compliance Personal Finance
Types of Taxes in India “Taxes are paid and nations are made”. However not many are aware that government asks to pay taxes in different manners. Taxes are financial charges imposed on an individual or a company by central government…