Monthly Archives: July 2012

EXPORT/IMPORT OF TOYS TO/INTO INDIA

Dated 24th July 2012 Import of Toys appearing under ITC (HS) Codes 9501,9502,9503,of Schedule-I of ITC(HS) Classifications of Export & Import Items is prohibited. However, import of toys accompanied by the following certificates shall be permitted: (i) A certificate that … Continue reading

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GUIDELINES RELATED TO TRACING AND TRACKING/BAR-CODING OF PHARMACEUTICALS EXPORTS OF INDIA

Dated 22nd July 2012 Government of India has prescribed bar-coding on Primary and Secondary level packaging on export consignment of pharmaceuticals and drugs for tracing and tracking purpose under Paragraph 2.4 of the Foreign Trade Policy, 2009-14, as amended from … Continue reading

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INTRODUCTION TO TEMPORARY IMPORTATION /EXPORTATION (ATA CARNET) PROCEDURE OF INDIA

Dated 21st July 2012 The ATA Carnet is an international customs document that allows the holder to temporarily (up to one year) import goods without payment of normally applicable duties and taxes, including value-added taxes. The Carnet eliminates the need … Continue reading

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ESTABLISHING & MANAGING PRIVATE BONDED WAREHOUSES UNDER INDIAN CUSTOMS REGULATIONS

Dated 21st July 2012 The guidelines for appointment of public bonded warehouses and licensing of private bonded warehouses are governed by the following Customs circulars of CBEC. -Circular No. 68/95 (1 of 3 circulars), dated 15-6-1995 Key features pertaining to … Continue reading

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KEY FEATURES OF THE CUSTOMS REGULATIONS IN INDIA GOVERNING THE IMPORT AND EXPORT OF GOODS THROUGH COURIER/EXPRESS MODE

Dated 21st July 2012 The import and export of goods through couriers in India is governed by the Courier Imports and Exports (Clearance) Regulations, 1998,which was last amended in 2010 vide notification No:75/2010 dt: 12/08/2010These Regulations  apply for assessment and … Continue reading

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WAREHOUSING PROVISIONS UNDER INDIAN CUSTOMS LAWS

Dated 04th July 2012 “Warehousing” means giving storage facility without payment of duty for imported goods – The legal provisions relating to Warehousing are contained under Sections 57 to 73 of Customs Act, 1962 & Rule 2(18).Thereafter by The Manufacture … Continue reading

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PRIMER TO PROJECT IMPORTS REGULATIONS & GUIDELINES OF INDIA

Dated 04th July 2012 Project imports is a special concessional rate import facility for assessment and clearance of the goods falling under heading No. 98.01 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975). The detailed … Continue reading

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