Customs duty is an indirect tax levied on imports and exports. Import duty is levied on goods imported into a country, while export duty is levied on goods exported out of a country. The Customs Act of 1969 establishes customs authorities and officers, defines key terms, outlines the scope of customs duties including regulatory duty and additional customs duty, and describes provisions for customs valuation of imported and exported goods, customs ports and stations, exemptions, warehousing of goods, and clearance of goods for home consumption or export.
Key Takeaways:
Export Promotion Schemes in India
Analysis of WTO' Ruling
Schemes adopted by Member Nations
Alternatives to Export Promotion Schemes
Way forward
In this presentation, we will discuss about the procedure of importing goods, acquiring licenses, various types of licenses, import evidence, acquisition of foreign currency. WE will also discuss about the rules and restrictions of import and exports.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Goods imported at any particular custom station may either be cleared for home consumption or for warehousing. In this webinar we shall be learning about the provisions related to warehousing of goods under customs.
Provisions Regarding Baggage, Goods Imported or Exported by Post, Courier and...DVSResearchFoundatio
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. In this webinar we will learn the provisions related to baggage, goods imported or exported by post, courier and stores.
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Custom Duty is valued based either on specific duty or Ad valorem. In this webinar, we will be understanding the provisions of Valuations under Customs Duty.
Key Takeaways:
Export Promotion Schemes in India
Analysis of WTO' Ruling
Schemes adopted by Member Nations
Alternatives to Export Promotion Schemes
Way forward
In this presentation, we will discuss about the procedure of importing goods, acquiring licenses, various types of licenses, import evidence, acquisition of foreign currency. WE will also discuss about the rules and restrictions of import and exports.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Goods imported at any particular custom station may either be cleared for home consumption or for warehousing. In this webinar we shall be learning about the provisions related to warehousing of goods under customs.
Provisions Regarding Baggage, Goods Imported or Exported by Post, Courier and...DVSResearchFoundatio
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. In this webinar we will learn the provisions related to baggage, goods imported or exported by post, courier and stores.
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Custom Duty is valued based either on specific duty or Ad valorem. In this webinar, we will be understanding the provisions of Valuations under Customs Duty.
Introduction
Import duty
Export duty
Constitutional Provision
Basis of determining the duty
Types of customs duty
Format
Notes
Case study problems
Solution of problem
Valuation
Introduction
Definition of baggage
General prohibition
Statutory provision
Baggage Rules
Article mentioned in annex
Baggage rules
Types of Passenger
General free allowence
Provisional return to India
Jewelry
Tourist
Transfer of residence
Problems on baggage
Problem
Solution
Remark
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we will be learning about the basic concepts and important definitions under the Customs Act, 1962.
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the provisions relating to clearance of imported and export goods which are in the custody of the Custodian.
Insight on Manufacturing Bonded Warehouse Scheme under Customs ActDVSResearchFoundatio
Key Takeaways:
Make in india
Hybrid of Bonded Warehousing and Local Manufacturing
Deferred Customs Duty on import of raw materials
Alternative for SEZ/EOU
Ease of doing Business in india
Introduction
Import duty
Export duty
Constitutional Provision
Basis of determining the duty
Types of customs duty
Format
Notes
Case study problems
Solution of problem
Valuation
Introduction
Definition of baggage
General prohibition
Statutory provision
Baggage Rules
Article mentioned in annex
Baggage rules
Types of Passenger
General free allowence
Provisional return to India
Jewelry
Tourist
Transfer of residence
Problems on baggage
Problem
Solution
Remark
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we will be learning about the basic concepts and important definitions under the Customs Act, 1962.
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the provisions relating to clearance of imported and export goods which are in the custody of the Custodian.
Insight on Manufacturing Bonded Warehouse Scheme under Customs ActDVSResearchFoundatio
Key Takeaways:
Make in india
Hybrid of Bonded Warehousing and Local Manufacturing
Deferred Customs Duty on import of raw materials
Alternative for SEZ/EOU
Ease of doing Business in india
Meaning of the term "Service" in Service tax as per Finance Act, 1994Abhinav Chhabra
A comprehensive analysis of the definition of the term "Service" as per Finance Act, 1994. This presentation will guide about what all are the services that can be liable to service tax subject to other provisions of the Finance Act, 1994.
Indirect Taxes is a significant area of professional practice with limited number of professionals well conversant of the law. One such Tax is Service Tax. In India it is a complicated affair and shall remain so till at least GST is introduced. Negative list has brought in a new tax regime. The Cenvat Credit Rules, Place of Provision of Service Rules and the Point of Taxation Rules are important components to understand this law.
OBJECTIVE
Import of all kinds of goods and on the export of goods on certain situations attracts customs duty. The Customs Act,1962 contains provisions which govern the levy of customs duty. In this webinar, we shall understand the types customs duty levied and the duty drawback allowed under the customs law.
Morison Menon - the first Audit ,Accounting , Management & Business Consulting firm in the UAE to be awarded Superbrands status. Morison Menon received the Superbrands status at the Superbrands Tribute Event held on June 18 at the Intercontinental, Dubai Festival City. The award was presented to Morison Menon by the Superbrands Council in the UAE, an offshoot of the Superbrands Organization, an independent brand arbiter, which comprises Councils throughout the World. The UAE Council consists of Senior Executives from top Companies in the UAE.
‘Third-party exports’ means exports made by an exporter or manufacturer on behalf of another exporter(s). In such cases, shipping bills shall indicate the name of both the exporter/ manufacturer and exporter(s).
The purpose of this is to outline the specific rules that apply to goods imported into the UAE, including goods which enter designated zones and the rules which apply when such goods leave those zones.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
2. Customs Duty Customs duty is a kind of indirect tax which is realized on goods of international trade. It is categorized into Import duty and Export duty levied upon import and export of goods respectively.
3. Customs Act 1969 Act number. IV of 1969 Assented on 3rd March, 1969 Promulgated on 8th March, 1969 Enforced on 1st January, 1970
8. Definitions(Cont’d) Custom Airport or Custom Port Any airport or port declared by the Board to be a customs airport or port for the clearance of goods imported or to be imported into Pakistan.
9. Custom Area The limits of the specified customs station and includes any area in which the imported good or the goods for export are ordinarily kept before clearance by the customs authorities. Definitions(Cont’d)
10. Detain Means to prohibit the disposal or use of goods, due to the pending of any proceedings under the act 1969 in relation to the goods or their owner. Definitions(Cont’d)
11. Warehouse A place appointed or licensed wherein the dutiable goods may be deposited without payment of custom duty. Definitions(Cont’d)
13. Custom Duties Goods imported into Pakistan. Goods which are brought from any foreign country and are transported, without payment of duties ,from one customs station to another.
14. Regulatory Duty It is imposed on all or any of the goods specified in the First Schedule,at a rate not exceeding one hundred per cent(100%) of the value of goods. This duty is imposed on the goods at their import or export.
15. Additional Customs-Duty Additional custom duty shall be levied at a rate not exceeding thirty five percent(35%) of the value of goods
16. Special Customs Duty It is imposed on the import of such goods as are of the same kind as goods produced or manufactured in Pakistan. It is levied at a rate not exceeding the Federal excise duty (15%) leviable under the Federal Exercise Act,2005 on the goods manufactured or produced in Pakistan.
17. Fee and Service Charges The Government may levy fee and service charges by giving a notification in the official Gazette. The rates for fee charges will also be specified in the notification. The Government may impose such conditions,limitations,restrictions as it may deem fit to impose. The charges may be levied for examination, scanning ,inspection, sealing, de-sealing, valuation check.
20. Officers A Chief Collecter of Customs A Collecter of Customs A Collecter of Customs (Appeals) An Additional Collecter of Customs A Deputy Collecter of Customs An Assistant Collecter of Customs An officer of Customs with any other designation
22. Declaration of customs ports The places which alone shall be customs ports or airports for the clearance of goods imported or to be exported. The places which alone shall be land customs-stations for the clearance of goods imported or to be exported by land or inland waterways.
23. The routes by which alone goods or any class of goods may pass by land or inland waterways into or out of Pakistan,or to or from any land custom-station or to or from any land frontier. The places which alone shall be ports for the carrying on of coastal trade with any specified customs-ports in Pakistan.
25. Counterfeit coins and currency notes and any other counterfeit product. Any obscene book, drawing, painting, representation, article, video or audio recordings. Goods having a counterfeit trade mark or a false trade description. PROHIBITION
26. Goods produced outside Pakistan and having any trade mark of any manufacturer, dealer or trader in Pakistan unless: The trade mark has some definite indication of the goods having been made in a place outside Pakistan. That country’s name is written in the same language and character as in the name or trade mark. PROHIBITION (Cont’d):
27. Goods involving infringements of copyrights, layout-design, patent within the meaning of The Copyright Ordinance 1962, The registered Design Ordinance 2000 and The Patent Ordinance 2000 respectively. PROHIBITION (Cont’d):
29. The Federal Government may exempt from the whole or any part of the custom duties chargeable on any of the following goods: Goods imported into Pakistan Goods exported from Pakistan Goods imported into any specified port, station or area. Goods exported from any specified port, station or area. General Powers To Exempt From Custom Duties
30. Board’s Power To Grant Exemptions Under circumstances of exceptional nature, the Board may exempt any goods from of the whole or any part of the customs duties chargeable thereon.
31.
32.
33. Re-Importation of Goods Manufactured In Pakistan Goods produced in and exported from Pakistan if subsequently imported into Pakistan will be liable to custom duties.
36. Customs Value of Imported Goods The transactional value shall be taken as the customs value of the imported goods. Transaction value means the price actually paid or payable for the goods when sold for export to Pakistan.
37. Transaction Value It includes: The cost of transport of the imported good. Loading , unloading and handling charges. Insurance cost. Commissions and brokerage but excluding the buying commission. Cost of containers forming part of the goods Labor or material cost of packing. Royalties and license fees paid by buyer.
38. Deductive Value If the customs value of imported goods can’t be determined then the following methods will be adopted: Ascertain the unit price at which the imported goods are sold. Deduct there from the following: The commission paid The additions made for profits and general expenses in connection with sales of imported goods in Pakistan
39. Deductive Value ( Cont’d): The cost of transport, insurance and other associated cost. The custom duties and other taxes payable in Pakistan. Other expense incurred in connection to import of such goods.
40. Computed Value Computed Value method involves the addition of the followings: The cost of value materials and fabrication for producing the imported goods. The addition usually made for profit . All other costs incurred in connection with the imports.
41. Fall Back Method It can be determined on the basis of a value derived from among all methods while applying them in a flexible manner to the extent necessary to arrive at a custom value.
42. Customs Value of Exported Goods The value at which the goods may be sold in open market for exportation. Following conditions apply for determining this value: Goods are treated as having been delivered to the buyer. The seller will bear all the expenses till the goods are on board the conveyance. The value to use patent rights and trade mark will also be considered.
43. Clearance of goods for home consumption Section 83 The appropriate officer may make an order for the clearance of goods if He is satisfied that: The import of the goods is not prohibited The import of goods is not in breach. When goods have been assessed When owner has paid import duty and other charges
45. Warehousing Section 84 Where any dutiable goods have been entered for warehousing , the owner may apply for leave to deposit the goods in the warehouse appointed under the customs Act 1969
46. Form of application (Section 85) There will be an application form in writing signed by the applicant
47. Warehousing bond Section 86 When any such application has been made in respect of any goods, the owner of the goods shall execute a bond , binding himself to Observe all the provisions To pay all duties , rents , charges and surcharge at the rate of KIBOR plus 3% per annum. To discharge all penalties incurred in case of violation of the provisions of the law.
48.
49.
50. Payment of rent and warehouse dues Section 96 The owner has to pay monthly rent and warehouse dues within 10 days of the demand notice, at such rates as the collector of customs may fix. In case of default, the appropriate officer may order to sell sufficient portion of the goods Proceeds of such sales shall be adjusted