Notifications & Circulars

No Comments

CBEC

Notification: Central Excise

To prescribe simplified procedure for units engaged in Maintenance, Repair and Overhaul of aircrafts 

The Central Government vide Notification No. 19/2016-Central Excise dated April 26, 2016 has made further amendments in Notification No. 12/2012- Central Excise dated March 17, 2012, which prescribes effective rate of duty on specified goods in order to simplify existing procedure for units engaged in Maintenance, Repair and Overhaul of aircrafts.

http://www.cbec.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2016/cx-tarr2016/ce19-2016.pdf

Notification: Customs

To prescribe simplified procedure for units engaged in Maintenance, Repair and Overhaul of aircrafts 

The Central Government vide Notification No. 29/2016-Customs dated April 26, 2016 has made further amendments in Notification No. 12/2012- Customs dated March 17, 2012, which prescribes effective rate of duty on import of goods in order to simplify existing procedure for units engaged in Maintenance, Repair and Overhaul of aircrafts.

http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-tarr2016/cs29-2016.pdf

Notification: Customs

Imposition of Definite Anti-Dumping duty on Synchronous digital hierarchy Transmission equipment which is originating in or exported from China PR and Israel for a period of 5 Years.

The Central Government vide Notification No. 15/2016-Customs (ADD) dated April 26, 2016 has imposed Anti-Dumping duty on import of Synchronous digital hierarchy Transmission equipment which is originating in or exported from People’s Republic of China and Israel for a period of 5 years.

http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2016/cs-add2016/csadd15-2016.pdf

Circular: Customs

Relaxation of Know Your Customer (KYC) Norms

The Central Board of Excise and Customs vide Circular No. 13/2016-Customs dated April 26, 2016 has instructed that in cases where proof of present address is not available with individual then the proof of identity collected at the time of delivery along with address recorded for the delivery purpose by the courier Companies would be enough for KYC verification. The courier Company would record the address of delivery after doing due diligence and same would be treated as a proof of address. This exception of proof of address is available only to the individuals for import of documents, gifts/samples/low value dutiable consignments upto maximum CIF value limit of  Rs. 50000/-

http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2016/circ13-2016cs.pdf