Indirect Tax Laws-II

Paper Code: 
BCP-615
Credits: 
60
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

  • To develop an understanding of the customs laws and acquire the ability to analyze and interpret the provisions of such laws.
  • To develop an understanding of the basic concepts of foreign trade policy to the extent relevant to indirect tax laws, and acquire the ability to analyze such concepts.

 

Course Outcomes (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

BCP-615

Indirect Tax Laws-II
  • CO 201 To develop an understanding of the customs laws and acquire the ability to analyze and interpret the provisions of such laws.
  • CO 202 To develop an understanding of the basic concepts of foreign trade policy to the extent relevant to indirect tax laws, and acquire the ability to analyze such concepts.
  • CO 203 To understand the concepts of valuation, importation, exportation ,refunds, duty drawback and miscellaneous provision

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation,

 

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

 

12.00
Unit I: 
-
  • Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017 including:
  • Administration of GST; Assessment and Audit, Inspection
  • Search, Seizure and Arrest

 

12.00
Unit II: 
-
  • Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017 including:
  • Demand and Recovery, Offences and Penalties, Advance Ruling, Appeals and Revision, Other provisions

 

12.00
Unit III: 
-
  • 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, Classification of imported and export goods

 

12.00
Unit IV: 
-
  • Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
  • Valuation of imported and export goods, Import and Export Procedures including special procedures relating to baggage, goods imported or exported by post, stores
  • Drawback; Refund

 

12.00
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 (iii) Basic concepts relating to export promotion schemes provided under FTP

 

References: 
  • Indirect Tax Law & Practice- Yogendra Bangar (Aadhya Academy)
  • Study Material Published by ICAI
  • Scanner: Arun Kumar (Suchitra Prakashan P Ltd)

 

Academic Year: 
2020-2021
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