Introduction to Lakhan (A026) Pranav Rai (A034)

Customs Vishesh (A030) Rohan Soni (A050)

The ancient "custom" of gift ing a part of his
merchandise by a merchant to the King while
entering a kingdom came to be formalized by the
modern States into customs duty. Customs duty
is imposed on the goods imported into or
exported out of the country. Customs already
existed in the third millennium before Christ in
the ancient advanced civilizati ons of ancient
Egypt and the Orient. The tax revenues served to
cover the fi nancial needs of the state.

2
Custom duty before and aft er GST

Before the implementati on of IGST, Custom duty was levied

on all importi ng and exporti ng of goods and services. Apart
from custom duty, other taxes are also levied on the same
as an anti -dumping duty, basic customs duty, safeguard
custom duty on every import of goods and services.

Aft er introducing GST,  a drasti c change that came in the

enti re tax system. It holds all indirect taxes such as Central
Excise Duty, State level tax, Service charges and convert it
into a single tax which is known as  GST. On the import of
goods, only the integrated tax along with the basic customs
duty will be chargeable.

C O N F E R E N C E P R E S E N TAT I O N 3
 Objecti ve of Customs

1. To restrict the imports for conserving

Introduction to customs

foreign exchange.
2. To protect the imports and exports of
goods for achieving the policy objecti ves
of the Government.
3. To regulate export
4. To safeguard domesti c trade.

8/05/20XX 4
 Objecti ve of Customs

5. To protect the revenue of resources.

Introduction to customs

6. To protect the industries in India from

unfair competi ti on.
7. To prevent the smuggling of goods and
acti viti es related to the same.
8. To prevent the dumping of goods.

8/05/20XX 5
 Provision of custom act 1962

Chapter No. and Title Sections Contents

I. Preliminary Section 1 to 2 Short title, extent and commencement and Definitions

II. Officers of Customs ​ Section 3 to 6 Appointment and powers of officers of customs

III. Appointment of Customs Ports, Airports, Section 7 to 10 Appointments of Customs Ports, Airports, Warehousing
Warehousing Stations etc. Stations etc.

IV. Prohibitions on importation and exportation of Section 11 Powers to prohibit import and export of goods
goods

8/05/20XX 6
Customs Administrati on

The Central Board of Indirect Taxes and Customs (CBIC) is

the apex body for customs administrati on. Central Board of
Indirect Taxes and Customs (CBIC) is a part of the
Department of Revenue under the Ministry of Finance,
Government of India. CBIC deals with the task of
formulati on of policy concerning levy and collecti on of
customs duti es. The Board discharges the various tasks
assigned to it, with the help of its fi eld formati ons name
lythe Customs, Customs (Preventi ve) and Central Goods
and Services Tax Zones, Commissionerates of Customs,
Commissionerates of Customs (Preventi ve),
Commissionerates of Central Goods and Ser vices Taxes,
Central Revenues Control Laboratory and Directorates.

C O N F E R E N C E P R E S E N TAT I O N 7
Customs Administrati on

Customs Administrati on means the government agency

which is responsible for the administrati on of Customs law
and related nati onal legislati on. Sample 1 Sample 2 Sample
3 Based on 9 documents Save Copy Customs Administrati on
means the competent authority that is responsible under
the laws of a Party for the administrati on of customs laws,
regulati ons and, where applicable, policies, and means:
The Customs Administrati on of the importi ng Party may
verify the eligibility of a good for preferenti al tariff
treatment in accordance with its laws, regulati ons and
practi ces.

C O N F E R E N C E P R E S E N TAT I O N 8
  
Calculati on of Customs Duty
Calculati on of Customs duty depends on the determinati on of
Introduction to customs

assessable value in case of items for which the duty is levied

ad valorem. The assessable value is oft en the transacti on
value or the value assessed in accordance with Brussels
defi niti on. India is an acti ve member of the World Customs
Organisati on and has adopted various internati onal customs
conventi ons and procedures, including the Harmonised
Classifi cati on System and the General Agreement on Tariff s
and Trade (GATT) based Valuati on System.

8/05/20XX 9
 Custom duti es are levied almost on everything imported into the
country, while export duti es are levied only on some goods.
However, goods like foodgrains and ferti lizers are not charged any
Calculati on of Customs
import duti es. Import duti es are classifi ed further under divisionsi.
Duty
i. basic custom duty

ii. additi onal customs duty

iii. protecti ve duty

iv. anti -dumping duty

v. safeguard duty.

10
 1- The customs valuati on rules,1998.
Rules under custom act
2-Duty drawback rules,1995

3- Re-export of imported goods drawback of customs rules,1995

11
 HOW IS CUSTOM DUTY CALCULATED?

1. The fi rst duty levied is basic customs duty. It is

levied as a specifi c rate on the unit or as ad valorem

2. 10 per cent social welfare surcharge is levied on the

value of goods.

3. IGST is levied, which is a combinati on of factors

such as BCD, social welfare surcharge and the enti re
value

4. Levy of GST Compensati on cess

5. For some imports, even anti -dumping duty is levied

6. The government may also levy safeguard duty to

protect domesti c industry from any

threat

7. Finally, every import will be charged 1 per cent of

customs handling fee

8/05/20XX 12
 India:

The term India is an inclusive defi niti on and

includes not only the land mass of India but
also territorial waters of India. The
territorial waters extend to 12 nauti cal miles
into the sea from the base line.
customs
Introduction to

Conveyance:
The specifi c terms are vessel (by sea),
aircraft (by air)
and vehicle (by land).

13
 Goods

includes (a) Vessels, aircraft s and vehicles

(b) stores

(c) baggage

(d) currency and negoti able instruments and

any other kind of movable property

 
customs
Introduction to

Import and Export Code (IEC)

A basic requirement to do the Import and

Export business is to obtain the (IEC).

14
 1- Free Goods
Categories of goods 2- Prohibited Goods

3- Restricted Goods

15
Regulati ons for free goods

 Authorized personal goods

 Cigarett es up to 200 number

 Cigar up to 50 number

 Other tobacco products up to 250 gram

 Wines or alcoholic beverages up to 2 litres

 Perfume up to 59ml

 Toiletries up to 250 ml

C O N F E R E N C E P R E S E N TAT I O N 16
Regulati ons for import/export of
prohibited goods

 Banned drugs

 Pornographic material

 Endangered plants

 Deadly Weapons and knives

 Counterfeit money

 Birds

 Pigs Radio transmitt ers

C O N F E R E N C E P R E S E N TAT I O N 17
Prohibited goods but can be imported on
prior permission

 Firearms and ammuniti on

 Pets and other live animals

 Plants and plant products

 Restricted Imports

 ivory, musk and animal skins

C O N F E R E N C E P R E S E N TAT I O N 18
Special circumstances

Derelict

Jetsam

Flotsam

19
 If you can film an idea in your mind, follow
that film idea shot for shot, scene for scene,
that idea is worth making. ​
Craig Mapp​

8/05/20XX C O N F E R E N C E P R E S E N TAT I O N 20
 Making great products

Take risks to lead in product innovation ​

Listen to customers and learn what they need ​

Test with customers until you get the product right ​

8/05/20XX C O N F E R E N C E P R E S E N TAT I O N 21
 Comparing Contoso to the
competition​

Contoso empowers businesses to communicate

efficiently with technology that’s simple and
easy to use.​

​
The competition also offers similar
technology, but their tools aren't user friendly. ​

8/05/20XX 22
 History

Launch Request Procure

Contoso​ funding​ investments​

20XX
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Start
Hire designers​ Open offices​ development​

20XX
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

8/05/20XX C O N F E R E N C E P R E S E N TAT I O N 23
 Call to action
Contoso is the best technology platform on the market ​

Download Contoso to try it out and provide feedback ​

8/05/20XX C O N F E R E N C E P R E S E N TAT I O N 24
 Thank you
Mirjam Nilsson​​

206-555-0146​

mirjam@contoso.com​

www.contoso.com​

8/05/20XX C O N F E R E N C E P R E S E N TAT I O N 25