Basics of Indian Customs Act A Complete Study

Name: Basics of Indian Customs Act A Complete Study
Rating: 4.2 (37 reviews)

Comprehensive course to understand and apply Customs Law in Import & Export Transactions

Created byRaja Natarajan, B.Com., PGDBA, FCA

Last updated 6/2021

English

What you'll learn

Appreciate nuances in Customs Law
Gain greater clarity on legal provisions revolving imports and exports

Course content

3 sections • 30 lectures • 1h 40m total length

Meaning of Customs4:14
Customs Laws1:02
Constitutional provisions around Customs Duties2:14
Overview of Customs Act3:42
Defintion of India1:37
Definition of Indian Customs Waters3:48
Significance of Indian Customs Waters3:57

Administrative aspects of Customs Act3:51
Determining Factors for Levy & Exemption3:08
Customs Duty Charging Section 122:18
Analysis of Section 124:29
Distinction between Clearance for Home Consumption & Clearance for Warehousing1:37
Duty on Reimporation of Goods Produced / Manufactured in India5:28
Case Study Duty on Reimporation of Goods Produced / Manufactured in India3:20
Duty Liability on Goods Derelict, wreck, jetsam, flotsam, etc2:03
"Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Exci8:11
Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2016
Meaning of Assessment1:36
Date for determining rate of duty and tariff valuation of imported goods4:00
Case Study - Date for determining rate of duty and tariff valuation of imported1:39
Case Study - Date for determining rate of duty and tariff valuation of imported goods
Flow of Assessment and Clearance Procedure of Imported Goods at Customs3:07
No Duty on Pilfered Goods (Sec 13)7:43
Remission of Duty3:40
Right to relinquish title to Imported Goods1:24
Analysis of Relinquishment of Title to Goods2:14
Difference between Sec 13 & 23 and Customs Duty4:05
Abatement of Duty on Damaged or Deteriorated Goods4:30
Case 1 Abatement of Duty on Damaged or Deteriorated Goods5:51
Case 2 Abatement of Duty on Damaged or Deteriorated Goods3:04
Denaturing or Mutilation of Goods (Sec 24)2:36

Requirements

Basic knowledge of Accounting
Basic knowledge of Cost Accounting
Basic Knowledge of GST

Description

Note: This course is designed for Indian Students pursuing CA / CMA / CS Professional Courses. This course is structured following the syllabus prescribed for professional examinations of above courses. Hence, Non Indian students, please do not take this course.

Welcome to this course Basics of Indian Customs Act A Complete Study.

In this course, you will learn about legal provisions prescribed under Indian Customs Act, 1962 and it will help you to understand the act with lots of examples and case studies.

Initially only few topics are published. However, over a period of time, following topics also proposed to be included in the course. Hence, go through the course curriculum before purchasing and make your decision to buy only after ensuring, topics you require are covered in this course.

Proposed topics:

a) Levy & Exemptions from Customs Duty

b) Types of Duty

c) Classification of Imported & Exported Goods

d) Valuation under Customs Act

e) Importation, Exportation & Transportation of Goods

f) Warehousing

g) Duty Drawback

h) Demand and Recovery

i) Refund

j) Provisions / Penalties for Illegal Import, Export, Confiscation & Allied activites

k) Appeals & Revisions

l) Settlement Commission

m) Advance Ruling

See you inside the course.

Who this course is for:

CA Final Students
CMA Final Students
CS Students
Finance / Tax Executives

Basics of Indian Customs Act A Complete Study

What you'll learn

Explore related topics

Course content

Introduction to Customs Law7 lectures • 21min

Levy & Exemptions22 lectures • 1hr 20min

Last Section1 lecture • 1min

Requirements

Description

Who this course is for: