Indirect Tax Laws II

Paper Code: 
BCP-614
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
9.00
Unit I: 

Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975

  • Introduction to customs law including Constitutional aspects
  • Levy of and exemptions from customs duties – All provisions including application of customs law, taxable event, charge of customs duty, exceptions to levy of customs duty, exemption from custom duty
  • Types of customs duties

 

9.00
Unit II: 
  • Classification and valuation of imported and export goods
  • Officers of Customs; Appointment of customs ports, airports etc.
  • Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores

 

9.00
Unit III: 
  • Provisions relating to coastal goods and vessels carrying coastal goods
  • Warehousing
  • Drawback
  • Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods

 

9.00
Unit IV: 
  • Demand and Recovery; Refund  
  • Searches, seizure and arrest; Offences; Penalties; Confiscation and Prosecution
  • Appeals and Revision; Advance Rulings; Settlement Commission
  • Other provisions

 

9.00
Unit V: 

Foreign Trade Policy to the extent relevant to the indirect tax laws

  • Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions
  • Basic concepts relating to import and export of goods
  • Basic concepts relating to export promotion schemes provided under FTP

 

References: 

Reference Books

  1. Indirect Tax Law & Practice- Yogendra Bangar (Aadhya Academy)
  2. Study Material Published by ICAI
  3. Scanner: Arun Kumar (Suchitra Prakashans P Ltd)

 

Note- (1) The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

(2) If new legislations are enacted in place of the existing legislations relating to Goods and Service tax and Customs Act, the syllabus will accordingly include such new legislations in the place of the existing legislations with effect from the date to be notified by the Institute.

 

                                                    

 

 

Academic Year: 
2018-2019
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