CUSTOMS 11 THE CUSTOMS ACT Cap. Moreover, there are so many doubts arising while dealing with the same. Section 75 – Interest on Delayed Payment of Service Tax – Chapter V of Finance Act, 1994. by Act 22 of 1995, sec. 6 (No. 18 to 22 of the D.V. 7 of 1974 Parliamentary Service Act, No. 26-5-1995). Ins. Definitions. Section 1 of the Customs and Excise Act 1964, (hereinafter referred to as the 26-5-1995). Your email address will not be published. 125, for “Foreign Exchange Regulation Act, 1973 (46 of 1973)” (w.e.f. Duty Drawback under section 75 of Customs Act scheme provides refund of duties (Customs & Central Excise) paid on Raw Material & Inputs that have gone in production of goods for exports. I know, many of us too get such doubts, but under exam pressure, we just ignore them, but this is not advisable, infact this is a common mistake committed by every student. 2913/92 of 12 October 1992 establishing the Community Customs Code; to give continuing effect to the Customs Co-operation Convention drawn up on the basis of Article K.3 of the … Ins. Short title, extent and commencement. SECTION 75 OF THE CUSTOMS ACT 1962 (Drawback on imported materials used in the manufacture of goods, which are exported) SECTION 37 (XVI) OF THE CENTRAL EXCISES AND SALT ACT, 1944. Act 235 CUSTOMS ACT 1967 ARRANGEMENT OF SECTIONS P ART I PRELIMINARY Section 1. The common intention is apparently to refund the import duty borne by the importer on exporting the goods. Subs. 13. Home remedies for Cough/Cold and Fever, URINE – Water of Life, Fountain of Youth, Potion of beauty, Homemade oil for Soft Smooth beautiful Skin, Some Questions to Indian law makers. 33 of 1974 [with effect from 1 August, 1974] Publications Act, No. per day, Conversion Of Unsecured Loan To Equity Pursuant To Section 62(3) Of Companies Act, 2013. CBEC notifies 1st July 2017 as the Commencement date for Section 75 of the CGST Act 2017, vide Notification 9/2017 Central Tax. by Act 11 of 1983, sec. 19 of 1971, 29 of 1971, 7 of 1974, S.6., 45 of 1975, 25 of 1978, 12 of 1985 Sch., 4 of 1991, 35 of 1997, 16 of 2000, 3 of 2001, 25 of 2003, 14 of 2004, 16 of 2009. 26-5-1995). In terms of section 75 of the Customs and Excise Act, 1964, Schedule No. by Act 49 of 1991, sec. (b) for the production of such certificates, documents and other evidence in support of each claim of drawback as may be necessary; (c) for requiring the 11[manufacturer or the person carrying on any process or other operation] to give access to every part of his manufactory to any officer of customs specially authorised in this behalf by the 12[Assistant Commissioner of Customs or Deputy Commissioner of Customs] to enable such authorised officer to inspect the processes of 13[manufacture, process or any other operation carried out] and to verify by actual check or otherwise the statements made in support of the claim for drawback. on 12 December 2011. 1. 6 (NO. (1) When any goods capable of being easily identified which have been imported into India and upon which any duty has been paid on importation: -, (i) are entered for export and the proper officer makes an order permitting clearance and loading of the goods for exportation under section 51; or, (ii) are to be exported as baggage and the owner of such baggage, for the purpose of clearing it, makes a declaration of its contents to the proper officer under section 77 (which declaration shall be deemed to be an entry for export for the purposes of this section) and such officer makes an order permitting clearance of the goods for exportation; or, (iii) are entered for export by post under section 82 and the proper officer makes an order permitting clearance of the goods for exportation, ninety-eight per cent of such duty shall, except as otherwise hereinafter provided, be re-paid as drawback, if -, (a) The goods are identified to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs as the goods which were imported; and. 6. In exercise of the powers conferred by subsection 142(35B) of the Customs Act 1967 [Act 235], the Minister makes the following regulations: Citation And Commencement . “import” means to bring or cause to be brought into the customs territory by any means from any place including a free trade zone; except that goods bona fide in transit, including goods which have been taken into any free trade zone from outside the customs territory or transhipped, shall not, for the purpose of the levy of customs duties or excise duties, be deemed to be imported unless they are or become … 12. Section 75A - Interest on drawback - Customs Act, 1962. Short title 2. DRAWBACK ON IMPORTED MATERIALS USED IN THE MANUFACTURE OF GOODS WHICH ARE EXPORTED. 3. X X X X Extracts X X X X..... ction 28AA] and the amount of interest shall be calculated for the period beginning from the date of payment of such drawback to the claimant till the date of recovery of such drawback. Whether earning wife is entitled to get interim maintenance U/S 24 of Hindu Marriage Act? Customs and Excise Rules (Act 91 of 1964) (Including amendments published up to 27 November 2020) 2 (a) With effect from 1 October 2006 for the purposes of any rule published under any section of the Act, unless otherwise specified or the context otherwise indicates - 26-5-1995). (1) Where it appears to the Central Government that in respect of goods of any class or description manufactured, processed or on which any operation has been carried out in India , being goods which have been entered for export and in respect of which an order permitting the clearance and loading thereof for exportation has been made under section 51 by the proper officer, or being goods entered for export by post under section 82 and in respect of which an order permitting clearance for exportation has been made by the proper officer, a drawback should be allowed of duties of customs chargeable under this Act on any imported materials of a class or description used in the manufacture or processing of such goods or carrying out any operation on such goods, the Central Government may, by notification in the Official Gazette, direct that drawback shall be allowed in respect of such goods in accordance with, and subject to, the rules made under sub-section (2). Laws and Bare Acts of India at MyNation.net, MISUSE OF ANTI-DOWRY LAWS IN MARITAL DISPUTES, Section 4 – The Muslim Women (Protection 120 (w.e.f. Category CORONA ? (1A) Where it appears to the Central Government that the quantity of a particular material imported into India is more than the total quantity of like material that has been used in the goods manufactured, processed or on which any operation has been carried out in India and exported outside India, then, the Central Government may, by notification in the Official Gazette, declare that so much of the material as is contained in the goods exported shall, for the purpose of sub-section (1), be deemed to be imported material. 26-5-1995). 9[(aa) for specifying the goods in respect of which no drawback shall be allowed; (ab) for specifying the procedure for recovery or adjustment of the amount of any drawback which had been allowed under sub-section (1) 10[or interest chargeable thereon];]. 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