Professional Documents
Culture Documents
D|lj-01
va ue Addd
Dcbilcd
For
ses on:
Ju
Dffbr2013
rar (var)
of
vAT,
Be td omBbiron d
r!se!qc!
.
J 5
fti@ d<radtion of VAT and pne aporcvar prcedue
.=)
nomtnevATauthonty'ft-eduEdfpaynentfo
vAT hp.siton dl suppedentary dures
ti
!1tuslbtas,@@@
i Ind'ect-rax Laws, vatue Addd
s,1@@
rar
ryAt . l
-)
,t44!-!LtqaLMp4!es4ys t
lidtrctTar
s,
Vale
Added
Tax(vAT) -
=)
iDll-Lor
? g I
Inq or var Eruns of vAr appers Prceduc or var pena hes. sers and reg sters rd qodre ofvAr. var rerared dded ms.
F
(vAD =)
! 1, lA, ! I
n,+ur-zlr
23.4.5.5A
it"direcrraa.w-s,vrGAdddii(vrl"IruE*rco,*c-u;E; F6r shed,je to d Ad (c@ds dmot iioo vAr) + " se.oM r'ed, e o o" a. .se .($ e,e-$ to : g the vAt. rhid <hdure (supprflenb/y duty). g cds eo \ee" o4er xf L- !!dd9 aid c rculaE)
noG tu4d6e*tud*
-)
c eaEn@ of g6ds frcm trie port TEnspat and warehdusi^q tr.r&f a5 os eid
etu46.et@@q.1tu@
say! 4|!4,14L@4e2@ s4
Ind
q!!!'
Td Las,
The Customs
ad
->
Rww of
:
cusloms Act
wth pa*
exan nation
fT"',1"1r
0ry.i1
Ind
r!!p",
R4'*
--
I;
g
rnd
6&ffi''{*'
Instlbte of Cherterd S.rtarl6 of Banol.deltr
ses on : rulY-oecemb/2ol1
For
I
(ICSBT
Sutiel C.de
tAlts
I
r!, .', 16.
iro',";;;,-*;l proved
1991 has been
. to
.
vAr
r.t r r,
'
t!er)
-,4.
be succe6stul since ils incepuon, VAT is an ndirect tax. Since it is utimateLy bome by the consumeB of q@ds and
(seryces
seruices, can b grouped with expenditure tax. The basic prlncip e of VAT is that a tax is levid on the value of qoods and seruices at each stage of production and supply until it rea.h the f nal consLmeu.
it
' ftid fiedure (Supprement ry dut) Valoe added tax Act'1991 comprlsed oi thre areas oftaxatEni
Supplementary
dlty aid
( Tax rate
InpLrt value)
t=I
L__
tte!-desJAlrdgrE
1
90.
rt.
120, 120-90 = Tk 30
td paid
150-120 = TL 30
145
90 45 = Tk. 45
co.L Re,enie
1145
Co^
(r) crF varu (c6t h$rane & FE qht)+ hood outy + Developnent s
Se.tion. 2: Definition:
SecUon 3: Impos
,
-
Output Tax
srection 4: App icat on of Tax Rate Sc'tion 5: Determrnation oivaue for charglig value added Tax
Section
6r Time and
method of
rlnover
n ir .t ,r ,,
.r r,
Q: what is heant by rcltskatjon n vAT a.t ) Q: For whom e9 stration scompuGory? Qr what s se f-regtst aton ? what s the advantaoe ot it , Qr what is computsory req srratron ? Qr What iifomat on or deumnt5 arc rcqu rd for rcqistrat on Q: When reg strahon s n@sry Q: 15 there any fees ror reginration ? Qi What is centra fegislraUon ? What is to be comptiei wth by a centralty ristered Q: which seMft prdideE aid suppleE of rrespect ve of the tumover )
gdds
VT
O Wnd
Qr When
lhe p
o!,sd
regirclon*-en rore
qMs a?
p.odu(ed
eqistraton Gn be cancetied ? What afe the provrsons of aw when business s cadied on without vAT regjsfabon Q: Q: Who ee the mporte6 exempt frcm req *ratron requnehent ?
"qF.P
o.
w
on?
For
hi
r.
{ &.Li
wh
*tu.h
".
h*. .
b"
";.*.d
by
e. I.
rnh erxcd
16.
.h.
n6? whr
e d! rq r.Mar,
o!'arruagJowdehpd'u:ebae!
a.
on
bcluder?
duries ind
&!:
b)
r*8
(orher rhin
var) plid
t In ui:'6 vatu addjrion o sde pnce includbg durie. .nd rdr. o, clxhh-rh.' dm. dmBror o
'
-T?;T,lii,:1",'
:T,ifl l.'i"',#*i"",1"jH":fr
--Tffi
il:r"i:i*g';1"y;"***ir,lt':i:il""l,;
"::"J
:Ktudhq %lus add
:::*"..;;.;*;;*:*"r.r
6w
dlt
m
l,F!c.hl..
cE{i'''rlu.tdd.dtadd
(r)
rd a.hi.vdhe objdive6 dr
l6h6nlaiyduly,where
(2)
IegiJddeenon3l:ll!!5n'il
In rh ev.ni or
dy
chanse
beror.?mrling&Floef*dchtlqeddshalrpaylder'a5le
(3)
wner n
.pFd!
fton
bleiq
(a)
or
c}:''h'Y.lu.rdd.dTuonl.dc..
'h
ar suppry
dige
prnlrirlg on
d
upPlenenrary duq
(b)
(b)
Producn oi
n.ryrtsuchhif()n
(D (2)
Ev6ry
$pp!6r ofta::lre
g 'u
shax have ro
mddrd@4%dntuulr
Gsde! wj
1'3hall'eEislrhjm
pbje
rnn6r ot
rd piyhanr wih
6@'
0) (a
Any.sidersd pdon
io!
shal
$pprd.nrq
du.'.
.n
!!ic6
msrcumdhRo\.lo|
and tor
ru
by
ldjud
dl!
pwle
(3)
3ddn
o) (2)
EEry prducsr,
m.ndatu
or
!rcducinq
d mdure
(b)
cunnr
Puche
G) Fisrddpco
(bb)
Biu orenrry
c.p,
'o
or
&&ury cutrn
(it
applc$re) 5
prdo,
o,
Elr'6d
purch
Le|'rr
(cvort.o shth)
noldcd:0lrld.EF6rAiuF
"#W'kffi'
O VAT s mpo5ed oi soods and seecs at import staqei manufactunng, wholesaeand
(i)
15 pefcent
(ii)
I
/1
turnderofTak
at busine$ or
5 te. aote
-"
no?er
ta,
ar
*"
r"!e ol4.henpn.
flhprF
d.ra
r.,nove.
5 less rhan
(v) VAT sappl@bletoal domestic products an! seryices with some xemptions;
*Mc!,
exemp!
67
(ix) coftage ndusHes (definen as a unit wth an annua turnover m I on and wth a cpitat machinry vatued up to Taka 3,oo,ooo) are
(x)
(x)
slpprehenlafy Duv (sD) i5 imposed at o@ and imporr suse Gts are as folows:
2004, 35o/r,6sqo, 10o9o,2s0ot &
l5o%
.-. 1
For
Lowl.rr
(Ev6nthe
shtn)
G@ds (manula.tuinq): lPrcducton con + Pfort and comm$ioi (ifany) + slpptementary dlry (fany)l
b) ,
ion
seryc6r ltota r<etpLs excud n9 vAT but indudins s-ppterenbry d-ry ('! a-nl
^.
r-.?
ts
------Tru&a!e4_ErteffLtdJrl!4.Atl4!!!otr: produce6 and * leu face difficu ties in avaitng VAT credivadjustnent facttj6 due to tix-.1
d filcu
I- lone
o-
the.aes
or qoods
d o rtu'ces
account
crcumstan@s net vaT Ete for drfrerent Bie5 0f va ue addton coms to 1.5yo, 2.250lo, VAT at the whdle and retall.ti.e: In case of whot6atersand rtaieq there is a speciar protsioi for a 1.50,6 percent vAT known as T6de vAT on the lotat $te, prcv ded that the whoree erlretailer do iot avail the fac ity or inpur cred Vadjustnent Such tax s aho colded at the mporr srace frcm importers of fnshen !oo!s as an advance trad VAT.
ot npur. In order to remove ttr s ope.ational joa , ard 6Qok vatre addit on is taken into nuhber of loods and *rvces, In such
larlff
Value
mpowered to Ax Tartr Value fof sme iiems for the @ lecijon of VAT. ExamDler tar ff value for n ld+eel products produced f.om imported/ Gally prclfed ro labl sc6p5 is TK 4000.00 per MT. Nomal VAT nplt crd t is also not ava lab e undef th's s-ystm,
As deduct on at sour@ s also ofacticed n case of V T Govehment, Sefrl-Goveriment, Autonomols Sodi$, NGO9, Banks, Insu.ance Companls and Lhited Companiet are authorze! by the qovernment to denuct app icable vAr on the se
SCIGEO!_0ruAI3t_tostc:
on certdin
*frt6,
E!cjgD![:
domesuc an
At pre*nt qci* duty appres to onry two ]tefrs: bank deposits t cket (R. 250 perjoumey).
and
,ffiN*
o) Prcdk* or handeue of bEbe
ftd
0b
b,rDn
'eeiner
unde,
I Na0ma
Bd,ndRo$c1N3R) thd4h
r$@
td|6'hi^R;
ffiH%H.nt#i::#j
"";.1$,m:::r. ;:i*..:,
"*i
trd,!fl"Hfi:ilHhii:fi l*.ru;:mm,r:.r;rffiri"fl*
'
ffijrtil.f:"q*'ffirsj$
g*Y*tll$&,'""*"'
trtrF*ffi,i"'sfliis.'H",1"s#:i
a.HNsnd,o.ee,yro.ntr*b,,urnd., bx? wh! L b. ontElii! .dhor|ty ?
g*
sr*:*n*'fti :ili"';l"".t'.i::r-"1
d"" -",," J,h;; ",
o,
i;
;t;11:
_-:!Er,!ead9!!!r
jq15!a
a99!s_
|.iLMI-II
a. wn
se$
s:
Ju
(Et
o*mb..2oll
nrns Shrtt)
t pd.
.E b b. nrrdt..d
by
d.|yburgbr.i96oi'nlom.Mu$i.17^'
dE,r4!i!!o-
13
rax Fiod
oi b..iio, q!,ned
or or
d*b.didi b:
cr.lbd
@ 3% on $e
rumdt
a. rt lt
.rr.d r
.h.adaen,tyid
e,
on
smpr.o
d.a*bd
die
(DEDo)
a.
o. dr.d
b. ..n.od ror
bmE.
rrx
a.
Fy vAr
@ r.5% or
N'@er
6er
bx p.yognr
de9l0l.p,e.5,bdoiddruloit@Ued
For
a,
why ir l!
wlrr
nobrctonGigen'ttrfrv.!e
er
to
he
d:
i@*ry.nd}lic|
abItyofb:Fye|src96enbtons'
qtrd
olsu@cftibrydltYfuespplcde
sdion35|subnl.'|oho'rdm3
nd]nqhtstXbbrtyUnde'lhE,d
rfut
22-
^@!n6r4etn.
a@uib
a.@unB
I "d,v.
for
(a)
(b)
bk
prdse; rtondEn
h*
ror
e6
b4de
rd einer eds
dr
G)
ar P{i
F.r
b@t
|!ds
s
so.de
depoi nro
r.*!ry,
ror s D
ro'
rrr33/0o0o/0r r ror s D
aid ul3r/0000/042r
Rtrs
eb tuk (D
@nddo or eetuaroi
or
(r)
aiy
q *d F's
5ha
Ftbyhmbyhnolanykaaryde
dlhe@lu*.'nlhesuqp|yo'gaGo'.ryh
3#
The Act:
aICSBT
Inttudldon
ACI
The Oftoms Act 1969 was enaded to consotidate and amend the law relatjng to the ew and corr(ton of customs duus and to provide for othe6 aried matteE and as a r6ult tre sea Custohs Ad 1878, the Intand Sonded Warehous Ad 189t the Land customs Act 1924, the Tadfl Act 1934 and the Cvt Aviation Ordtnane t96O were elthef rep aced or amended The customs act Gfre into fore on the l'- lanuary 1970. Tne foundation of the enU Customs admnFtction is baFd on the customs A.r The Ad
6..i3tr
oths
. Appointnent of Cunm5 Otficrs > Dfttaration of ports aid aea > Pbh bttion and restdcton tieeof j, Levy of or exemphon from custohs duti6 i Ar val and departure of conveyance , Di*harge ofarqo t Oarance ot soons , warehousing . Transshpnent , Transit tEde r Frportarion t Pfovstons relading baggaqe , p.ovis ons ret.bng ro cosra qoods , Otrence and penattrc5 t Prevention regard,ng smuqg/h9 z Adtudrcatrof , Revsons and mi*[antuus rutteE
3#&"
SrbdclEi
. r '
Fi6t *hed! e sreatedtodutvl Third shedu e os for the provisions whre ruls
to b knNn
Th Ndmonrzed s'stem cole (H, s, code) rs an nternatona slx dlglt commod tY classmcaUon n*ebped and the ausp ces of the Cunoms Cooprat on Councl.
it to
Banq adesh Customs Tanfi (SCT) les 3- d gits comnodity code both for import and xpo.l caled the FBr schedul to the customs Act,
IE!Cd-aCIS!
l4ns $e dub4 laid in tne clstoms tanff to which goods are Eble on entenng or eavng the
9!!!9!3![lU9Ei
r r r . r
,r
c&
customs Dlty (cD) Reglratory Duty (RD) suppLementary Duty (sD) Va ue Added Tax6 (vAl ) Advance Trade VAT (Al9 Advance Income Tax (An)
cRF
cIF (co.t, tn*6nce and F.eight) Valle: (cort ot c@ds + hrr.ne + FEisht Rat
..#w
At tne dmc o, dstv
ldlatidr
wl
be added.
& D or {FoB}l cIF value= c6t or goods [{c & F) or {FO8}l + 1.6 or insurane c6t or 10,6 of cost of goods)
vatue
D* ded
- (c
(Adua
nsurance
As*sebevarue= clFvarue +
Br*
Pre.nt CD
ratt
0.k,3'h,59r, I2'h, 1596, 259o cost & Fie tht + lnsuEice + bndin! charle
5% lf Customs ouq (CD) rate s from 2590
ry
as per sD *hedu e of the vAT Act A$esble value (AV) + cD+ RD 0fappl6be) 20%, 30%, 4s%, 6( , 1m%, 2r0%, 3s0%, 300%
Vdur-Attldlllcv D
AClllslsDddlAlD
Adv.n.e rrrd vAT lATvr
12oolo
prtu
ln*ltute ol charter.d S4et
s6s mr
116 ot BiMl.d.lh alCSBl D@mbe-013 For L.vol-ll ( Ev.nlng shlft)
l!y
Intrcdu.tion
el&-c.lsJllt'!$
D* aEtjon/ motor vehrc xrz, 32c,o c., or duty and tas c0'2s%, sD{5%,
excharue Ete :
d(ni6 and t
re
n.
31. Rate
whidl
. . . . .
D*
oF
Reeuratory Duty (RD) suep amdtary Duty (sD) va @ Mded raxes (vAr) dvan.e Trade vAT (ATV)
dvan@ lnohe
of duw
rd
(Alr)
rt th. tln.
dl.uladon:
+ t%
(Land
nq.ha) = 33,0s,124
l|l4aD5-e$g(Jll
25%on 13,05,r2a
3,26,231
Bd!b&d.D|/!ll0.)
t.'
-l
5qo on 13,05,124
1,65,2s6
5!Idcit!!!!q-9d lll
e or the vAT A.t assssbre v3rue (AV) + cD+ RD Or apoi @ble) @6s%(33,05,124+3,26,231+ 1,65,2s6)
,s oa 50 <lredu
#re"
vrlu.
Addd
Tlr rval)
arsesbre v. @ (Av) | cD+ RD @ $qo (33,05,124+ 3/25,231+
3%q,
/:'-\
rcseebre va
@ 3% (33,0s,D4
ue
rotal:326i23r+ t6s/2s6 +
+ | 65.256 +
2155'222
=1
52,A]69
J{*#'
h.titlio
ol Charte.d
r
h
IICSAT
-uqect i:.d.,
ror - rNoFEcT
TAX
tA',l,s
-------l
CUSTOMS ACT
genebl the wdd "custom" means an 6r.b6hed practice of uireEl aceptab ry rn modn Custom{ n@ns b.dl a on @mmod 16 enterng or v n9 tne @unL-r an! an estlbListrment 5 thu5 a $urc of Bt'rur on to nobitne 5ud1 I only a sou,@ or nnan@ neded for e4endru and devetopment but nternat'ona gatsay ror harmony and co op6r on, deepry ntedused w rh a en* mb m for portcul s, h sh y expos n9 d,E nanown6s of a naiodl b.ms and a syhbo 0f p@er, 5omehm6 ol absorute power of far rchng consquen.6.
prad,6
sd ntertu
FudioG
of
cuaom,
'ne
of ihe @untry conko 5 the m@e^t or q@ds. rner, at tfe $m nne, @ ect use or conro rhe mp.rt and dpod of un wanted qood5 To o ed duty and tax6 and to d rdraqe or @nrro m waded sood5 osroms ererc* the oower and run rons undr "the cusioms ad 1969" Alonq with ths ad they a$ Fdom ther dunes enLastea td thd under many othef Ac6/ ord'rene and Rues Amons nren mpotum on6 arc vaue added Ta! Act{991, rhe rmpo/r and Export controt Ad 1950, dre Fore sn Excnange Regu ato^ A.t.r947, Narotic Contrcl A.t'1990, Mercnandie Mans Act,l379/ pateit and D6qn Ad191t, Expt6, c.nLll Aci 1334, Ams Act.l373, h@me Tax O.d 1934, tlE LN6toc* Impoftatim A.t tBB9, nE p6t Ofi e ^arc l6a-s and pesE Ad.1914, L\e Merchant shppLng A.t. Ad-1393, the Pelrdeun Acr-1399, ttB Detircnve 1923/ t\ Lisht N@ rd t 921 and rotecnve Dut 6 Ad.1950.
Customs n the iront
'.d Et...t:
Ire
and exp.rt rc9m6 are qune beral and exept a few a I type5 or qoons are mDoftbte tn 'mpon shug! ing, dantenane of kunty and publc oder, keepns of the sb^dards of d@nq a^d hora itv.
1osL1 {eg.d{,ra
o'
have ben
o,ld.d....
(u ..de rrr, A+ rbloo I o, Lhe 3 0r the F.reiqn Erchange Resutatron Ad, 1947 appr es, aE demed to be qmds of whlch the ,mpofr or cred ub 16 of the Ad and al prcv s ons oftheActare a$ efidve {or sud 6ss. Apai rbh tt'ee rats, dffieG of dsbms a rcquned to ercGe.hek owr rtre impon and dlod of q@ds prohrbired or erdea undef oher namety, Ams a.t, Exot6ve rd, lterchaf,die Maris Adi Desnu.ii rns.i and NaEotG contrcr Act. 5h .dy, q@pt for a tew teds, exrDrt ts
s'or
rlfta-d LIfurco
.r
rc
fEy
6n
!!4!e!!
rm6*
&
clmn: o
lre F.9 1 oc
01
odr r m--d
,o,
e,@-ed.
aon
o,
FF*
xenpr fron the whoe or any Fn of the cusromsjurG ctDrcsbre dn the @untry (u/s 1e). For er@ptonat nature g.rnmdt hay dspr spd fic'mpqted sods trcm |}E pay'ns duty (u/s 20)
9d5
nto or door@d
frm
tlp6 oftax6
and
dut6
mpond qoods.
iiey
are.
(al
c!tu dtr
.frmon d5
arc
fxen bv
ihposed
aD
(b)
s!mr.n6t!N
duw tspr:
a+,1,
tt@ aF
oi
Ld.q
f,
(l<0%) de
lb ocDoqs.
of l5%. VAr 6 appli@bte on
a
G)
YtlEldddladvap: var
s mrcsd
a noqe rat
m6t al
.d !q!i.e+p$E
+{aql
4lr
s ,ry,aore
o, a,roe
d T.,rrcd{
to
R.re of IDSC at
plgt
(0
ilA
.r@dioi
goldn6l ro,o'{r
rrom lhe
yr
:"L-:[:119;,
(h)
.'.
-e
osdm
nr
iij1ncqjrry. v r r.rvr:
adua y
Ur s
;tr#"",?$:"{.jT,lT,f,::1ffi
q!!t!:
so.ds ctbr4 \o h4 ddc a@rc.191 ,q,n ft manuracrunnq of dre e,p.rted so!5
var 5 hFsd o^ me scqe. cur to se $e ole.rion atethesnporl srise a e@ds mpofte! fo. .omeria
Ldpofted
arc f xed as
dgra.spddo-
are rcrundabte.
te do 2r') or f.
::i-.T;";:,fll
3{#" tur
n ldwnq
amount as pa d by hpo^er and a .nd n9 ctE|ge amount Fid to the @t aultEit'es s ar$ add.d.
dal
u$Etion may be ueru n the vAT=15%, AIT=3%, IDSC=4% and PsI sc=1%)
Ebmp e: For a cetu
ccllaton of dut6
100.00
sD=25%,
n mpori let c&F ost s 1l rneGne @st=ft. t.00 ( lq! of c&f) or adual Landlns ch3rce = rk. r.01(1% or oF) or ad6l
AssesebeValue=
Il(
a.
Co: CD 5 omput! by taknq the appropiate rate or duty ftenc, cD or Av. so, 25% of Av s llc 25 sl
SD: So s ompuftd th 2s% or11( P7,63 whch
Ete
s 2s%,
ltr CD s 25%
sn.ll.sr G*
s
CD (102.01+2s 5!), zss So 25 (1) of customs Act & sft s,7 or vAT Act).
wi
be
c. var: va-I k c
d. An Ar
25 50+T1.31.33)=TL 159 54
of l5% of
(i(
lo2.ol+n.
n
4.03
3.06
ft.
p@rnrnq to dr @ rulabm made abov, duty and rar brk up rd an ,npod ot Tk. loo oo (caD G .Ir 306,IOsC=.I]( 4.03 cD = n( 25.53, SD= 31.91, VAT= 11.23.93, Arr= Sothetotaidui4d
l(
nh. *h.n
duty &
.orl'/'o1r slr 1r
31
rcrdant date
D" o- e
F!ao.
ar
rr
o.
Ic
cushs
I
duty
uaante
are a
6 Keived n the qovenment t@5ury r csh, bank dEfi or pay oder. Cheque ;nd s a@ptd n ced. n 6sej, f app.ovd by r,1r appboriate otr ct aurhd rv.
t6
1 an
re
doro-1.+6.e.oFd \wor3o
bank
ln L.d!ftnt of th. cood. ttd.r.!io: B.i9rad6h custom iaw derne rmpon 9rlor qd]feL L4.n Ydr6r drc @Ro1 ,.Fd.Oe rmaadem-9d)b-Fnu@-.edo-/a,de
F.m d6
usro.<.
o1d
ooa.e5crcrF4.!.n
oaded o,J, oad{ aG reaa ry to be preeded by the submiss on of dre man lest.
eidor.roo-goodr k- b"
Td{
rJ
( 9J.1rd
S0 L Ir
flrr/oDl d" p r a|| re tunori doJs us 19 Asllr, -, are *b'" F{ p . n @ dgn"d 1r\^d , trda os or odrd e..1. tu.,oT^ ro. Brur! e( Lt*.o.! transm $'on or B/E Urough Dn has a $ bs ntroduced De/aEtrm are submitteO rn sngte opy accompanied by cRF, Lca/ Lci af way b t/b r of radns/rlck cha ran, ;suar:;
56t4_crerottf(
o'qtry^b , o'
lffi*
r*pvder
km@te),
asents Fq @sy
^d.e/ iterature/ 6bro9ue and nd of authorry, Ii eme Emery. mport prmiti dpy or uhrizho D436to^, cunoms pas
certricte or orqni ndenvpbrorhi nvoe, ERqlRc (Expot / hporr Re! siratie c*s ffe otMr addit'ma d(umenE, bot ExP-Fm (Epoi( Pedmanc) nsted bv rhe @n@m bank.
Pnundon of brll 6r
iddttioijs
.nt'v-Ih'd/r!m|t:
fiv
ortur banks.rc od
offi
sry G nma
of
b,
of
srv.
2. 4. 5.
cooT
fi6t
Impot (sassaqe) wh te
warehousing o^td B6nd)- Ye
LN
waGhousinq(Ex sond)
GrM
of q@r Bc q,oer 11 .r 5:,iea an qmo. adod ns to' the dso pton of the ommod t rn the aons wrh the dsr pton, srat sto uftti and Ete of
s\,F- F.
v!l!.sd
of Good.: Fof ttre of ooods, GAn va uarjon or nc ore wTo is forowed. GATT var@ion s ommony kmwn s tGns..ton value Ii 9ft6r, y p. d or tsyabre ror rhe q@ds bernq va ud whn e a /o' eioon to the @unEy or onditon or onsidednon wil be ncuded. If tan$dis va ue 5 not ryailable 5 nor acceptabre, trie asrffst ped* for riw othe nefr.ds of detemin n9 , nly: (a) dF hne.1'on value or rhe g..ds b dr eoods be ne ued, (b) the rank on Btk of soods sim rar ro rhe qo.ds 'd6b6 be va ued/ G) the dducnve methc., (d) dF @mpuH value method, and (e) ttE Ya I b.d mthod"
ntrcduced by
pumo
npo.taiiotr
o o$
^s
E! 01r}t!!!!tltuS!sdri
To detemine .dren Hs .ode, aclua valw, preHt d of smuqq m9 and m $ de a6rion, smetin6 so.d5 mported d to be exported a physicny 6mined. ftev ous y a mst a rhe q@!s were esmined But under a ne pdedurc or impod dearan.e, 9s% of the imp.st dnighmftt! arc ceared wrtrrout phys6 dam nation, 4olo are examined on rcndom sdion and l% s d*ded by the
lh.!..ton ptu edur. rpil): the y*r 2000 GATT vauaron 5ystem had been Sansadeh ButatthetmelF.ustoo5adm0srratonwasnotfutyprepadtropwrhthe 'nLo!u.e system and the va uat on data bae for th s purpose was irt ady for u+. soi the goremmenr ^eeden d6 dea to frandatory PsI system on a temporary basts as a stop qap aranqement. pSI Crmpny ^trodlc was gven the task of isumq on Reoo/r of F^dng (cRF) c(n@te, tor an mporca ommod'ry wth me excpton. h tlE cRf PSI Como.ny Ded6 spe.fic nfmano^ regardrnq quanrry, q6r'ty, va ue and mpo&b ity of tre q..as. In't arry dE a.t 5r o! ared thar dis ertjfrte sha b rhe bas s for assment or lt mmodity. If dl* F any eq( mate d sepancy or atry omsd d any th nor wh ch frpotub ity, duty and tar6, tne asing ofFcr cn ld vE ciF and the 'nfr@e th nomar conmod'ty uMer thE rysrem 9t% of ure total osqnments are ddred w'drod em nat oni'namdE tne rcst 4q,6 are *fr'ned on a Gndom and r% s etdted by tr comm$ o@r
Pb-shlbrent
n
Ii
drcte
oi
p'6
ass
trd.m6t ot Brll ol Enrr: pre*nt ! statve ara.gement arows c&f agent ro customs adtDnty but, s mandatory have ssnaturc of tne importer on the
Ar*
rE
(.rouney or
sr
or
Eftiy
s shown
'n
entyatatherourcustomslrou r 6t tn
faG of tr. At
B/
"F#"
e^try manifd
| 5 prented ro rh daia entsy d6k. Data Entsy dek entered ar 6mpde. A odsnent d'p s I'ven b the c&F agnt as a pdr or reiMng of rhe 3/E. alone wisr allilF submitrd dtumenG a p. nt @t.opy of d.e s/E is qd to s asent son Aft6 asnd p.id olt or assment shet s s vs to tlE CAf asst to. parm$t or duly and taxs Duty and 1316 arc p.id n $e dsgMted bank After r@vnq or th p.nert drp aoig wtn the asssmst rc!@, the q-ds mpoftd shan be ddrea tim $ dstoms port wisrin diirty day! n d* ot customs a r port wifin Mdty one days. If th rmpqter fa 5 to c@ tlre qoads witt' n tne nipulated pnod,
ciri frion,
and then
n the
audltlno: As th pmces or goods cea6nG has b*n lmp fied a^d : numbs or sbges abd t0 liuman inbrreHce have ben e m'.ated, e the need or post c@Gn@ aud t was flt. So the lesa framM{ for post c earanc audtin! was nsrted in the Act m the year 2000. rh pdedure of pct cleaGn@ was be nq develop and s be nq us"d by .ustoms dff'. a s cGloms va uation offie has ben gin he rc50@5b of P6t c aEnce Aud r.
rc
to* d.rhn..
ns 5 to secure to go.ds the fi{a trcatment tlrat a t x ousht to be lryied at n t me h the manrer most onven ent rd it5 payment Tne warehous n9 s thd tr. ra. ty or detu p.yment ot.ustnldur6, vaue add! tax, etc eMable on the so.ds warehousd tlltE actlald@fan@ of ttE sne lor home onsumpton ot for rcxpdtinq them to forciqn d6t natons rre or dubes and taxes noma y wth^ a r dd fixed by nre gdmment rrcm tim b r me, f6n llie dals .r eidim or rJE warchous nq bond The warcheenq rac liti6 allw an m9oftr ma*t nE @ rer or U'e qoods s pm ttd orerat ds on rh e qo.d, in ttE bonded warehoue and m anltacture lo, ll oAod ma*et widbd parrnent or duty. Warehous nO lac b6 ac aLLabe mry at pa de.lad a5 w.rehsnq si.uqs by rlte NBR. Tm ryoer of waEh&s may operat in sldr ddaEd wahousng ehous and onvate bo^dd warelitu d'@ wh d are rcmdv state owned @ted n the cu*omrhous or rn the land cusloms stat ons. frNate ng trr" 6*'s own gd' c.nm $'or dr clstms s U appd no author t or bonded warerEues L@ne L@s a sGnted rs a perlod or N year to b. rentued annually (!@ 6 lrabre to 6nc don for cdvction of tne ll@n@ of any otr4 u^ds dr art re atmq to wa@house d for a^y of any condit on prcv de lnthe icence To entry q@ds rn a pr vate bonded warehouse an ii to 'nf.'ngsent b.nd 3/E c submitted to dre customs author q at tlle n9 plac Aiter a+$ment of the wa hou e of 11 90ods, the Dwner by eut ng a 'mport bo^d take5 delvery or tlre qoods and cre the 9ood5 to the wafehoue. In se of home consumpton bond lhe owner subm ts d bond B/E for the raw matef a to asss dtrty and taxes Afier ase$hent and payhent of duty and tdes owner takes de very ol the soods rrom the wafehouse and pio@ds for per o! E sr fronth. I^ case or dpoft ore^ted bonled wachous6, manufacturn9. h strdr 6s* bond ^g sends r to the oae of dpotu afrer p.ees nq of trre gmds trre owner obt n a ut zauon delaration rrcm the con@med authq,ty ror tak nq de @ry or Ew matenals rrcm drc x@fts a utLiaton lm$'6 hav @ 5tFs auttror ty. For t'e qpet or ente! bonded wa rehou F5, bondins psod 5 l3 month. An nua aud'tiig of a dE wahdue a.tjvitis is do^e byfr co@n authofry Re6ty qovmmnt has decded to 6ni.i home @nsunptjon warehoue lcen@. wareiFus cence rd erpo.t d'sted ndu5tri6 s qranted a5
Th dblect of warehous
3nd
TE tm DGwbad" s app d to an amount cusMtdlt'6 not exceding s@n eiqhE rcmind n pa'd b.d on the qpoctm or tt mpdten qa.ds on whLd, rhey werc ld ed an! pa'd @d er. the Ph @phy
?ffi"
,.@,o- o.;e
f 6.d}d4d"
BJt rh'5
!d!!!e,leo!&-r!C&!e4 dNNY or le 'udr! ad Crtutrr o'e,@ at <n1 ca o' d ' A\@1rad" npo( d o smd'no, tuaqd d duty. Ltae o *t.i"oJq-*os5lrcntfu'!adE'h1'h"na1f6%d9o.d5''oa uTm. ine n,e.me neroa are d e d..e J d'' Aa Ad cusion' ole16ae@noe@ M6t of th off^G Laid dfrn' has ben pL ea.n offe^c shment aqa'nst .".to" ris tt'" A.t, " dore'n tre d.harenb ptN'no 4 d -d ir 4 ore' 4 d c$ r" "h"*i" "i a- -du!.e\ p.r s :;" FD A(1 bol ol@ d vaq {'cte T\.F cie. \o@e'. se orec!sI- a'e sr'n'\ Faerea zrc *.,t"ui - o- n" -r... -,tonq dn No!1o!'ar'pu-t trc't'd' on iie dP-d" (d) rp smcn lir.r -.rsi"'. qo. .o'"
ad
(e)
fim
'm@ed
"rb! a mag6tate
Pc{!rd-&t!4llati!!r
- o o t sron o'a@'s ard mcid o -* sdonr7eoittsA4+d*eddLdcdo'eou"'db" a,". ed5 *i"i ,, o!#* ' t" * * oit qood. At Drsmt cmm6s o^er or custdris has power to ad)udqed Iiilil i"it"., *t* "i iii.'"c"*!i.*,ru6*q,Etbat,lotadJudidnonofa^yoffe oppotunrtv or bnq h@d But' thre arc provsms or ii..r""o" ^*t u. o*" "t " r$iabre iii'a,L,.. rr r'" .-'o" q * - ",r x on o' on-;e 5 dotr d"t and -A 4'r' a@dr c ',i.:;;"*;",*"'.",.r'|cld{L\'iD are a $ anv pack q d oths dtst $eimr a^d the @^vvan@ fili i-'q""a, -;h"*ed, "ir,.^ ".
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