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...The general rate of duty 10% which was revised to 7.5% in yrs 1864. The Indian customs Act after independents the sea customs acts and after allied Correctness’... Learn about: Import and Export, Central Sales Tax Act 1956, Shipping Logistics...
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Introduction to Exim Managements.
In Modern days the state collects the said duty on the goods imported in to or exported out for its frontier. In 1808 New Board was established. The provincial import duty was replaced uni-form tariff act through customs duties Act.In 1859 was applicable all territories in country. The general rate of duty 10% which was revised to 7.5% in yrs 1864.
The Indian customs Act after independents the sea customs acts and after allied Correctness’ were replaced to act to Customs Act 1962. Similarly the ACT of 1934 was replaced by the customs by customs tariff act.
The customs act provides for the levy and collection of duty of customs conferring power on the customs to raid, search, arrest, penalize and excises quasi Judicial powers. The intention of legislative is to put end to smuggling which has there effect of disturbing very rudely the nation economy.
Smuggling of goods has become a serious problem in to country steered by a well-knit international rackets.
The customs has empowered to any premises, Conveyances and persons
Export Documentation, Shipping, & Insurance
Our experts provide in-depth review and real-world examples on the following topics: introduction and review of basic export documents, how the documentation process affects payment and customs clearance., Shipping terms &Inco-terms, export regulations and compliance, Export related Scheme under foreign trade / role of a freight forwarder, Shipping lines NVOCC/ C.H.A. Importance of cargo insurance/ letters of credit/ Personal export baggage Introduce to various Councils E.D.I. Systems. This Practical course is recommended for personnel who work for companies exporting from the India, including logistics, sales, legal, financial, and management departments