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Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
The Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, is a statutory body under the Department of Revenue, Government of India. It oversees the administration of indirect taxes , including customs duties, excise duties, and the Goods and Services Tax (GST).
Commission Implementing Regulation (EU) No 456/2011 of 11 May 2011 amending the representative prices and additional import duties for certain products in the sugar sector fixed by Regulation (EU) No 867/2010 for the 2010/11 marketing year: Image title: Author: www.legislation.gov.uk: Software used: FOP 1.0: Conversion program: Apache FOP ...
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Duty Entitlement Pass Book Scheme (DEPB) is an export incentive scheme. The objective of DEPB is to neutralise the incidence of Customs duty on the import content of the export product. The neutralisation shall be provided by way of grant of duty credit against the export product.
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An advance ship notice or advance shipping notice (ASN) is a notification of pending and upcoming deliveries matched to the prior provided packing list. It is usually sent in an electronic format and is a common EDI document.
The EAC marking has been created to ensure the product safety for the final consumer. The board decision of the Customs Union of June 18, 2010, the Customs Union Convention of November 18, 2010, and the board decision of the Customs Union of April 7, 2011 provide the legal framework for numerous products of safety and health requirements as minimum requirements, which must not be undercut.