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Thursday, January 10, 2019
CUSTOMS BROKER LICENSING REGULATIONS 2018 RULE 6 EXAM SYLLABUS
Monday, January 7, 2019
CBLR'18 - REGULATION 6 & G CARD EXAM NOTES - ADJUDICATION POWERS OF CUSTOMS OFFICERS
Sl. No. | Customs Officer | Value of goods liable for confiscation |
(1) | (2) | (3) |
(1) | Assistant Commissioner of Customs or Deputy Commissioner of Customs | Above rupees one lakh but not exceeding rupees ten lakhs |
(2) | A Gazetted Officer ( Superintendent ) of Customs lower in rank than an Assistant Commissioner of Customs or Deputy Commissioner of Customs | Not exceeding rupees one lakh |
CBLR'18 - F & G CARD EXAM NOTES - WHEN EXPORTS DRAWBACK WILL NOT BE ALLOWED ?
As per Sec 76 of Customs Act, following cases no drawback shall be allowed ;
1. When Market-price of export goods is less than the amount of drawback amount
2.When the drawback amount is less than fifty rupees.
3.If the Central Government is of the opinion that export goods likely to be smuggled back into India
Saturday, January 5, 2019
Friday, January 4, 2019
RS.2000 CURRENCY NOTE DEMONETISATION. FACT OR MYTH ???
Please refer TV channel Breaking News today that India has stopped printing ₹2,000 currency notes. The reason may be The Centre suspects the high-denomination banknote is being used for hoarding, tax-evasion and money laundering.
The share of the ₹2,000 note in the total currency in circulation has come down to 37.3% in March 2018 from 50.2% in March 2017, but the government maintains that there are no plans to withdraw it.
Since Parliamentary Elections are fast approaching and recalling defeats in recent assembly elections I hope Modi Government will not again take extreme step of Rs.2000 currency demonetization.
With rgds
Rajesh A