Basics Of Indian Customs Act A Complete Study

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

What you'll learn
Appreciate nuances in Customs Law
Gain greater clarity on legal provisions revolving imports and exports
Requirements
Basic knowledge of Accounting
Basic knowledge of Cost Accounting
Basic Knowledge of GST
Description
Note: This course is designed for Indian Students pursuing CA / CMA / CS Professional Courses. This course is structured following the syllabus prescribed for professional examinations of above courses. Hence, Non Indian students, please do not take this course.
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 RulingSee you inside the course.

Overview

Section 1: Introduction to Customs Law

Lecture 1 Meaning of Customs

Lecture 2 Customs Laws

Lecture 3 Constitutional provisions around Customs Duties

Lecture 4 Overview of Customs Act

Lecture 5 Defintion of India

Lecture 6 Definition of Indian Customs Waters

Lecture 7 Significance of Indian Customs Waters

Section 2: Levy & Exemptions

Lecture 8 Administrative aspects of Customs Act

Lecture 9 Determining Factors for Levy & Exemption

Lecture 10 Customs Duty Charging Section 12

Lecture 11 Analysis of Section 12

Lecture 12 Distinction between Clearance for Home Consumption & Clearance for Warehousing

Lecture 13 Duty on Reimporation of Goods Produced / Manufactured in India

Lecture 14 Case Study Duty on Reimporation of Goods Produced / Manufactured in India

Lecture 15 Duty Liability on Goods Derelict, wreck, jetsam, flotsam, etc

Lecture 16 "Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Exci

Lecture 17 Meaning of Assessment

Lecture 18 Date for determining rate of duty and tariff valuation of imported goods

Lecture 19 Case Study - Date for determining rate of duty and tariff valuation of imported

Lecture 20 Flow of Assessment and Clearance Procedure of Imported Goods at Customs

Lecture 21 No Duty on Pilfered Goods (Sec 13)

Lecture 22 Remission of Duty

Lecture 23 Right to relinquish title to Imported Goods

Lecture 24 Analysis of Relinquishment of Title to Goods

Lecture 25 Difference between Sec 13 & 23 and Customs Duty

Lecture 26 Abatement of Duty on Damaged or Deteriorated Goods

Lecture 27 Case 1 Abatement of Duty on Damaged or Deteriorated Goods

Lecture 28 Case 2 Abatement of Duty on Damaged or Deteriorated Goods

Lecture 29 Denaturing or Mutilation of Goods (Sec 24)

Section 3: Last Section

Lecture 30 Bonus Lecture

CA Final Students,CMA Final Students,CS Students,Finance / Tax Executives