IGST and Customs Law

Paper Code: 
24TPT332
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students develop a basic understanding of the specific provisions of Integrated Goods and Services Tax and Customs Law.

Course Outcomes: 

 

Course outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

24TPT332

IGST and Customs Law (Theory)

 

CO43: Enhance knowledge about the applications of provisions of IGST

CO44: Appraise different aspects of apportionment of tax, offences, penalties and punishments in IGST

CO45: Acquire knowledge about appeals and revision in IGST, Introduction to Customs Act, 1962 and types of customs duties

CO46:  Compute Assessable Value and have awareness prohibition of Illegal goods

CO47: Computation of the Custom duty on goods and understand procedure for clearance of Import and Export Goods under Customs Act

CO48: Contribute effectively in course – specific interaction.

Approach in

teaching:

Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

 

Learning activities for the students:

Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.

 

 

12.00
Unit I: 
Introduction to IGST

• Meaning, Characteristics, Definition
• Administration
• Levy and Collection of Tax
• Power to Grant Exemption from Tax
• Place of Supply and Zero Rated Supply

12.00
Unit II: 
Apportionment and Settlement of Tax in IGST

• Refund,
• Apportionment and Settlement of Tax in IGST
• Offences, Penalties and Punishments

12.00
Unit III: 
Appeals and Revisions (GST) and Customs Act

• Appeals and Revisions
• Advance Ruling
• Brief Introduction of Customs Act, 1962: Important Definitions
• Types of Custom Duties

12.00
Unit IV: 
Assessable Value

• Tax Liability
• Valuation Rules
• Computation of Assessable Value
• Prohibition of Illegal Import and Export

12.00
Unit V: 
Computation of Custom duty

• Computation of Custom duty
• Procedure for clearance of Import and Export Goods

Essential Readings: 

1. Indirect Tax—Yogendra Bangar, Vandana Bangar(Aadhya Prakashan Pvt Ltd Jaipur) .
2. Indirect Taxes-Ajay Jain (Published byAVJ Institute and Distributed by Pooja Law House Delhi)
3. Indirect Taxes-Tamboli, Ranga, Sharma, Bangar, Kothari (Ajmera Book Co)
4. Indirect Taxes-Patel, Choudhary (Choudhary Prakashan)

References: 

1. Indirect Taxes Law and Practice, V.S Datey,( Taxmann Publications, New Delhi)
2. Indirect Taxes Made Easy, Prof N.S Govindan, (C. Sitaraman& Co Pvt Ltd)
3. The Law of Central Excise (Vol I&II), V.J Taraporevala and S.N Parikh, (Orient Law House, New Delhi)
4. Customs Manual- R.K Jain(Centax Publications P. Ltd)
5. Guide to Central Excise and Modvat Procedures, Arvind P. Datar (Wadhwa& Co Nagpur)
E-Content:
1. https://cbic-gst.gov.in
1. https://cleartax.in/s/gst-book-online-pdf
2. http://www.idtc.icai.org/gst.html
3. https://taxmantra.com/wp-content/uploads/2017/03/GST-Ebook.pdf

Academic Year: 
2024-2025
  • Printer-friendly version
  • PDF version