Customs clearance

Customs clearance: work involves preparation and

submission of documentations required to facilitate export or
imports into the country, representing client
during customs examination, assessment, payment of duty
and co taking delivery of cargo
from customs after clearance along with documents.
Customs Authority
Customs authority or agency in a country responsible for collecting tariffs and for
controlling the flow of goods, including animals, transports, personal, and hazardous
items, into and out of a country. Dumping is legal under WTO rules unless the foreign
country can reliably show the negative effects the exporting firm has caused its domestic
producers. To counter dumping and protect their domestic industries from predatory
pricing most nations use tariffs and quotas
Types of Customs Duty
 Basic Customs Duty. Basic custom duty is the duty imposed on the value of the goods at a
specific rate. ...
 Additional Customs Duty
 Safeguard Duty. ...
 Anti Dumping Duty. (The anti-dumping duty can be anywhere from 0% up to 550% of
the invoice value of the goods)
 National Calamity Contingent Duty. ...
 Education Cess on Customs Duty. ...
 Protective Duties.
objectives of custom duty
The customs and excise authorities collect and keep
records of goods entering and those leaving the
country for the following reasons:
 To show trends in trade especially:
 The volumes or quantities, value and types of
imported and exported goods.
 Countries of destination for exports and countries of
origin for imports.
excise duty

Excise taxes are taxes required on specific goods or

services like fuel, tobacco, and alcohol. Excise
taxes are primarily taxes that must be paid by
businesses, usually increasing prices for consumers
indirectly. A fixed tax levied on an activity or
occupation, such as the license fee charged from
attorneys, doctors, and other professionals. Also
called excise tax.
difference between excise duty and customs
duty
both of these taxes at first, both are taxes levied
by the government of India but the most
significant difference between the two is
that customs duty is a tax levied upon goods
imported into the country from foreign countries
while excise duty is levied by the government on
the goods.
Functions of Excise duty
Taxes are levied to ensure the smooth running of the public
services in India. Excise duty is a part of it. It makes sure that
the manufacturing sector is involving themselves in the
taxation to cover all aspects. Taxes can also be a tool to control
the sale of a good, especially narcotic substances and alcohol.

Excise taxes are most often levied upon cigarettes, alcohol,

gasoline and gambling. These are often considered
superfluous or unnecessary goods and services. To
raise taxes on them is to raise their price and to reduce the
amount they are used. In this context, excise taxes are
sometimes known as "sin taxes
excise clearance
As soon as goods are ready for despatch to the
port of shipment, exporter has to apply to the
central excise authority for excise clearance of the
cargo. The exporter has, now an option to remove
the goods with inspection by the central excise or
remove the goods without inspection
types of excise taxes that are presently in operation
in India.
 Basic Excise Duty. ...
 National Calamity Contingent Duty. ...
 Special Excise Duty. ...
 Excise Duties and Cess Leviable under Miscellaneous
Act. ...
 Education Cess.
functions of customs and excise authority
The customs and excise authorities collect and keep
records of goods entering and those leaving the
country for the following reasons: To show trends in
trade especially: The volumes or quantities, value and
types of imported and exported goods. Countries of
destination for exports and countries of origin for
imports.