CBIC notifies Customs
Brokers Licensing Regulations 2018, thereby requiring a Customs Broker to hold
a license to carry on business relating to entry or departure of conveyance or
import or export of goods including audit work at any Customs Station; Bestows
the responsibility of inviting applications upon Directorate General of
Performance Management (DGPM), in lieu of Directorate General of Inspection of
Customs and Central Excise (DGICCE), while prescribing additional conditions of
holding Aadhaar number and valid PAN card, along with no penalty for an offence
under GST laws; Individual applicant shall be granted Customs Broker License in
Form B1 whereas License to a company, firm or association shall be granted in
Form B2; Period prohibiting Customs Broker from transacting business in one or
more of Customs Station shall not exceed one month from date thereof, provided
that where the license is suspended as a consequence to prohibition, the time
period for giving hearing opportunity and passing appropriate order, shall be
reckoned from date of such suspension; Customs Broker or F-Card holder (person
who has passed examination under Regulation 6) can file appeal u/s 129A of
Customs Act to CESTAT, while G-Card holder (person who has passed examination
under Regulation 13) may prefer appeal u/s 128 to Commissioner (Appeals) : CBIC
Notification
Subscribe to:
Post Comments (Atom)
Is Opting for Section 115BAA Like a Life Sentence? Debunking the Myth
The introduction of Section 115BAA under the Income Tax Act, 1961 offered a lucrative flat tax rate for domestic companies in exchange for f...
-
Section Particulars TDS Rate Individual/ HUF (Indian Resident)(in %) TDS Rate for (NRI) in India (in %) ...
-
In this post, I will discuss Secretarial Standards related to Proxies under SS – 2. Right to Appoint: A Member entitled to attend and ...
-
Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
This Tax Alert summarizes the recent Notification [1] and Circular [2] issued by Central Board of Indirect Taxes and Customs (CBIC) addr...
-
· SC dismisses SLP to hold that capital reduction leads to transfer of shares and exigible to capital gains taxation
-
The circular of the Board dt. 28.06.1965 No. 17 (XL-36), provides for inspection fees and fees for certified copies of assessment and...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Key Points Article 13: Capital Gains Taxation Article 13(4): Exempts capital gains from taxation in India for residen...
-
Regulatory Updates: Customs Regulations: The DGFT revised the Handbook of Procedures for the General Authorization for Export after Repair...
No comments:
Post a Comment