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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).
Defence of India Act: 1962: 51 Customs Act: 1962: 52 Manipur (Sales of Motor Spirit and Lubricants) Taxation Act: 1962: 55 State Associated Banks (Miscellaneous Provisions) Act: 1962: 56 Delhi Motor Vehicles Taxation Act: 1962: 57 Warehousing Corporations Act: 1962: 58 Marine Insurance Act: 1963: 11 Official Languages Act: 1963: 19 Government ...
The Customs Tariff (Amendment) Act, 1985 The whole 63 1986 19 The Administrative Tribunals (Amendment) Act, 1986 So much as is not repealed 64 1986 46 The Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986 The whole 65 1999 29 The Contingency Fund of India (Amendment) Act, 1999 The whole 66 1999 31
After Independence, the Imperial Customs Service was reconstituted as the Indian Revenue Service (Customs and Central Excise) in 1953. The nature of the service underwent a transformational change with the enactment of the One Hundred and First Amendment of the Constitution of India , which overhauled the administration of indirect taxation in ...
Privatization of customs has been viewed as a fatal remedy. [9] In many countries, import and export data are issued on the basis of national laws (Transparency Laws / Freedom of Information Act). [10] There has, however, been some speed bumps when transitioning customs over from the public to private sector. Factors such as an incompetent ...
India faces more difficulties in proliferating its income tax than a country like China, who subjects 20% of its population, because there is an emphatically low amount of formal wage earners. [27] Even though India's income tax was instituted in 1922 by the British, their tax history explains their high degree of tax delinquency today. [27]
Domestic Tariff Area (DTA) or Domestic Tariff Zone (DTZ) means an area within India that is outside the Special Economic Zones and EOU/EHTP/STP/BTP. [1]The units operating under certain specific schemes such as EPZ/SEZ/EOU are expected to carry out their activities within a customs bonded area.
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) is an Indian quasi-judicial body that hears appeals against orders and decisions passed under the Customs Act, 1962 and Central Excise Act, 1944 as amended from time to time.