Taxmann’s Customs Law & Foreign Trade Policy by V.S. Datey – 23rd Edition April 2021

Taxmann’s Customs Law & Foreign Trade Policy covers comprehensive analysis of the Customs Laws as amended by the Finance Act 2021, the Foreign Trade Policy 2015-20 and Rules & Regulations prescribed under the Customs Act, 1962.

The Present Publication is the 23^rd Edition, amended by the Finance Act, 2021, authored by V.S. Datey.

This book has been divided into three parts:

• Law and Practice Relating to Customs
• Customs Act
• Rules and Regulations

The features of this book includes the following:

• Detailed analysis of provisions of the Customs Laws and Foreign trade Policy 2015-20 along-with relevant Judicial Pronouncements, Circulars and Notifications
• Covers the legal text of the Customs Act, 1962 and its Rules & Regulations as amended by Finance Act, 2021
• Analysis of GST provisions at appropriate places
• Detailed coverage of various export promotion schemes (EPCG, Advance Authorisation, EOU, etc.)
• Follows the Six-Sigma Approach, to Achieve the Benchmark of ‘Zero Error’

The detailed contents of this book are as follows:

• Law and Practice Relating to Customs
  • Introduction to Customs Duty
  • Types of Custom Duty
  • Classification of Goods
  • Principles of Classification of Goods
  • Valuation for Customs Duty
  • Methods of Valuation for Customs
  • Valuation of Export Goods
  • Assessment in Customs
  • Administrative Set Up of Customs
  • Customs Procedures
  • Import Procedures
  • Export Procedures
  • Customs Brokers
  • Baggage
  • Customs Procedure for Courier and Post
  • Exemption from Customs Duty
  • Interpretation of Exemption Notification
  • Specific Exemptions in Customs
  • Remission, Re-Imports and Re-Exports
  • Departmental Adjudication
  • Demands of Customs Duty and Interest
  • Interest for Delayed Payment of Customs Duty
  • Demands for Undervaluation of Customs Duty
  • Demands for Suppression, Wilful Misstatement or Collusion
  • Recovery of Dues
  • Refund of Customs Duty and Interest
  • Warehousing in Customs
  • Enforcement Powers of Customs Officers
  • Penalties of Non-Payment Customs Duty
  • Other Penalties in Custom Act
  • Confiscation in Customs
  • Miscellaneous Provisions in Customs Law
  • Criminal Offences in Customs
  • Settlement Commission
  • Proofs in Adjudication and Prosecution
  • Appeals – General Provisions
  • Departmental Appeal and Review
  • First Appeal and Revision
  • Appeal to Tribunal
  • Powers and Limitation of Tribunal
  • Appeal to High Court and Supreme Court
  • Overview of Foreign Trade Policy 2015-20
  • FT (D&R) Act and Rules
  • Procedures under Foreign Trade Policy
  • Policy for Import and Export of Goods
  • Export Promotional Measures
  • Advance Authorisation
  • Duty Free Import Authorisation (DFIA)
  • Gem and Jewellery Units
  • Duty Drawback
  • EPCG Authorisation
  • EOU/STP/EHTP/BTU
  • Other Schemes similar to EOU
  • Deemed Exports
  • Special Economic Zones
• Customs Act
• Rules & Regulations