Protective Duties. Importing and Exporting, at a glance. FEATURES OF CAB…. Education cess on customs duty. Levy & collection of Central Excise duty on products outside GST – Petroleum Products & Tobacco Levy & collection of Customs duties Developing linkages of CBEC - GST System with GSTN Training of officials of both Centre & States Outreach programs for Trade and Industry 16 Sugar levy. The cess will be 2% and wef 01.03.2007 2%+1% of the aggregate duty of customs excluding safeguard duty, countervailing duty,Anti Dumping Duty. Customs Tariff Act contains the rate of customs duty. This is done by physically patrolling the borders and other strategic points, … Import Duty Rate. Cigarettes levy is charged at rates between 50% and 100% on the sum of the CIF value and duty. The term customs is not new for us. Tariff Commission has been established under … The Customs Division is responsible for the collection of Import Duty, Import VAT, Export Duty, Petroleum Tax, Import Excise and other taxes, levies and fees. Update PPT on GST (As on 01st January 2018) 2 This presentation is for education purposes only and ... Levy & collection of Central Excise duty on products outside GST – Petroleum Products & Tobacco Levy & collection of Customs duties In accordance with the provisions of Sec.73 of the EACCMA 2004, goods for Exportation shall be entered (declared) in the prescribed manner and the owner furnish customs with the full particulars, … The Customs Division also ensures the protection of revenue by preventing smuggling. As per this act, the government levies duties on both import and export of goods along with their procedures, prohibitions, penalties etc. Sugar levy is charged at rates between 10% and 20% on the sum of the CIF value and duty. What is Exportation? Foreign Trade Act empowers the Central government to frame Declare Foreign Trade Policy (sec. Subsequently, the levy of customs duty was organised through legislation during the British period. 5). duty by the Central Government of India. CAB passed by Rajya Sabha on 03.08.2016 & Lok Sabha on 08.08.2016 Key Features: Concurrent jurisdiction for levy & collection of GST by the Centre & the States –Article 246A Centre to levy & collect IGST on supplies in the course of inter- State trade or commerce including imports –Article 269A to be … An education cess has been imposed on imported goods w.e.f. 9-7-2004. Import duties, at least 80% of tariff lines, are equal to or less than 5% by 1st January 2009, Import duties on ICT products shall be eliminated by 1st January 2010, Import duties on unprocessed agricultural products in High Sensitive List shall have their respective applied MFN rate, Levy and Collection of duty Valuation in Central Excise including MRP based valuation Exemptions - SSI, Ad hoc, Conditional, Area-Based Registration in Central Excise CENVAT Credit Rules Compound Levy Scheme Taxation Law(Amendment) Act, 2017 Central Excise Rules Evasion and Case Studies Demand &Recovery of … Custom Duty in the country falls under the Customs Act, 1962. ... 1975 on the value as determined under the said Act at the point when duties of customs are levied on the said goods under section 12 of the Customs Act, 1962. Matters pertaining to this duty fall under the CBEC (Central Board of Excise and Customs), a division of the Department of … Chapter III - Levy and Collection of Tax (Section 5 to 6 IGST) Section 5 IGST - Levy and collection. To Export means to take or cause to be taken out of the Partner State. - Border Levy: Wine: 39.6% of the retail price + import duty + excise tax; Spirits: 59.9% of the retail price + import duty + excise tax; Beer: $0.676/litre - HST: 13% of retail price + import duty + excise tax - Container Deposit: $0.10 for a container less than or equal to 630 ml or $0.20 for a container greater than 630 ml Conti Customs Act is the basic enactment for levy & collection of duty on imports of goods into and exports of goods from, India. Constitutional Provision: Entry 83 of the Union List of the Seventh Schedule to the Constitution of India is empowered to levy the customs . The duty rates for importation in Nigeria ranges from 0% to 35%, with an average duty rate set at 16.96%.