Basics of Indian Customs Act A Complete Study

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

Take this Course for $10
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.

Course Curriculum

Meaning of Customs
Customs Laws
Constitutional provisions around Customs Duties
Overview of Customs Act
Defintion of India
Definition of Indian Customs Waters
Significance of Indian Customs Waters
Administrative aspects of Customs Act
Determining Factors for Levy & Exemption
Customs Duty Charging Section 12
Analysis of Section 12
Distinction between Clearance for Home Consumption & Clearance for Warehousing
Duty on Reimporation of Goods Produced / Manufactured in India
Case Study Duty on Reimporation of Goods Produced / Manufactured in India
Duty Liability on Goods Derelict, wreck, jetsam, flotsam, etc
"Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2016"
Meaning of Assessment
Date for determining rate of duty and tariff valuation of imported goods
Case Study - Date for determining rate of duty and tariff valuation of imported goods
Flow of Assessment and Clearance Procedure of Imported Goods at Customs
No Duty on Pilfered Goods (Sec 13)
Remission of Duty
Right to relinquish title to Imported Goods
Analysis of Relinquishment of Title to Goods
Difference between Sec 13 & 23 and Customs Duty
Abatement of Duty on Damaged or Deteriorated Goods
Case 1 Abatement of Duty on Damaged or Deteriorated Goods
Case 2 Abatement of Duty on Damaged or Deteriorated Goods
Denaturing or Mutilation of Goods (Sec 24)
author

CA N Raja Natarajan

Instructor

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.