INDIRECT TAX-II

Paper Code: 
BCS 513
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment

Strategies

On completion of this course, the students will be able to;

CO 161:Ability to analyze and interpret the provisions of the goods and services tax law and recommend solutions to practical problems.

CO 162:Correlating the concept of supply, Input Tax Credit, Payment ,refund, Invoice, notes and Electronic way bill

CO 163:Basic Overview on IGST, UTGST and GST Compensation to States Act

CO 164: Analyzing of the customs laws and acquire the ability to analyze and interpret the provisions of such laws. Assessing the advanced rulings and various schemes under foreign trade promotion.

CO 165

     
     
     

: Learn various laws in relation to foreign trade policies

 

Class lectures

Seminars

Tutorials

Group discussions and

Workshops

Question preparation

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

9.00
Unit I: 
Basic Concepts of Customs Law

Basic Concepts of Customs Law:

Introduction; Levy and collection of customs duties; Taxable Events; Custom duties.

Valuation & Classification of Imported and Export Goods & Procedural Aspects:  Classification and Valuation of Import and Export Goods;

 

9.00
Unit II: 
Import and Export

Assessment of Imported and Export Goods & Procedural Aspects: Assessment; Abatement and Remission of Duty; Exemptions; Refund and recovery.

Arrival or Departure and Clearance of Goods, Warehousing, Duty Drawback, Baggage and Miscellaneous Provisions:

Arrival and departure of goods; Clearance of Import and Export Goods & Goods in Transit; Transportation and Warehousing provisions

9.00
Unit III: 
Duty Drawback, Baggage and other provisions

Duty Drawback, Baggage and Miscellaneous Provisions: Duty Drawback provisions, Baggage Rules & provision related to prohibited goods, notified goods, specified goods, illegal importation / exportation of goods.

 

9.00
Unit IV: 
Advance Ruling and provisions relating to appeal

Advance Ruling, Settlement Commission, Appellate Procedure, Offences and Penalties :

Advance Ruling; Appeal and Revision; Offences and Penalties; Prosecution; Settlement of Cases. 

 

9.00
Unit V: 
Foreign Trade Policy

Foreign Trade Policy (FTP):

Export promotion scheme under FTP; Salient features, administration & Other miscellaneous provisions.

 

Essential Readings: 

ESSENTIAL READINGS:

  • Study Material Published by ICSI

 

SUGGESTED READINGS:

  • Scanner-Arun Kumar(ShuchitaPrakashans(P) Ltd)

 

References: 

e-RESOURCES:

https://www.icsi.edu/media/webmodules/16112021_Advance_Tax_Laws.pdf

 

JOURNALS:

https://www.icsi.edu/e-journals/

 

Academic Year: 
2022-2023
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