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    Ntroduction To Ustoms: Class - 1

    Uploaded by

    Ash Win
    The document provides an introduction to customs in India. It defines customs as the government department that collects import duties and inspects goods and travelers entering a country. The history of Indian customs traces back to import duties imposed in ancient and medieval times, with the modern system originating in the 1800s under British rule. Several acts were passed over time to standardize and consolidate customs policies and tariffs. Customs duties are levied on imports to generate state revenue and protect domestic industries from foreign competition. The Central Board of Excise and Customs oversees customs and excise tax collection and administration in India under the Ministry of Finance.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Ntroduction To Ustoms: Class - 1

    Uploaded by

    Ash Win
    46 views8 pages
    The document provides an introduction to customs in India. It defines customs as the government department that collects import duties and inspects goods and travelers entering a country. The history of Indian customs traces back to import duties imposed in ancient and medieval times, with the modern system originating in the 1800s under British rule. Several acts were passed over time to standardize and consolidate customs policies and tariffs. Customs duties are levied on imports to generate state revenue and protect domestic industries from foreign competition. The Central Board of Excise and Customs oversees customs and excise tax collection and administration in India under the Ministry of Finance.

    Original Description:

    Basic of customs

    Original Title

    Customs Basic - 1

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    The document provides an introduction to customs in India. It defines customs as the government department that collects import duties and inspects goods and travelers entering a country. The history of Indian customs traces back to import duties imposed in ancient and medieval times, with the modern system originating in the 1800s under British rule. Several acts were passed over time to standardize and consolidate customs policies and tariffs. Customs duties are levied on imports to generate state revenue and protect domestic industries from foreign competition. The Central Board of Excise and Customs oversees customs and excise tax collection and administration in India under the Ministry of Finance.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    46 views8 pages

    Ntroduction To Ustoms: Class - 1

    Uploaded by

    Ash Win
    The document provides an introduction to customs in India. It defines customs as the government department that collects import duties and inspects goods and travelers entering a country. The history of Indian customs traces back to import duties imposed in ancient and medieval times, with the modern system originating in the 1800s under British rule. Several acts were passed over time to standardize and consolidate customs policies and tariffs. Customs duties are levied on imports to generate state revenue and protect domestic industries from foreign competition. The Central Board of Excise and Customs oversees customs and excise tax collection and administration in India under the Ministry of Finance.

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    INTRODUCTION TO

    CUSTOMS

    Class - 1
    MEANING OF CUSTOMS:
     The official department that administers and collects
    the duties levied by a government on imported goods.
     The place at a port, airport, or frontier where officials
    check incoming goods, travelers, or luggage.
    HISTORY AND ORIGIN OF INDIAN CUSTOMS:
     There is historical evidence of imposition of import duty during the
    ancient and medieval era, the development of organized taxation
    on imports and exports to its present form, originated in 1786,
    when the Britishers formed the first Board of Revenue in
    Calcutta.
     In 1808, a New Board of Trade was established. The provincial
    import duties were replaced by uniform Tariff Act
    through Customs Duties Act, 1859 which was made applicable
    all territories in the country.
     The general rate of duty was 10%, which was subsequently revised
    to 7.5% in 1864. Several revisions in the Customs policy and tariff
    took place during subsequent years, though such revisions were
    mainly related to the textile products. Sea Customs Act was passed
    by Government in 1878.
     The Indian Tariff Act was passed in 1894. Air Customs having
    been covered under the India Aircrafts Act of 1911, the Land
    Customs Act was passed in 1924.
     The Indian Customs Act, 1934, governed the Customs Tariff. After
    Independence, the Sea Customs Act and other allied enactments
    were repealed by a consolidating and amending legislation entitled
    the Customs Act, 1962 (CA). Similarly the Act of 1934 was
    repealed by the Customs Tariff Act, 1975(CTA).
    CUSTOMS DUTY WHY?

     A tax levied on imports (and, sometimes, on exports)


    by the customs authorities of a country to raise
    state revenue, and/or
    to protect domestic industries from more efficient or
    predatory competitors from abroad.
     Customs duty is based generally on
    the value of goods or upon the weight, dimensions, or
    some other criteria of the item (such as the size of
    the engine, in case of automobiles).
    Central Board of Excise and Customs
    Central Board of Excise and
    Customs (CBEC) is a part of the
    Department of Revenue under the
    Ministry of Finance, Government of
    India.
    It deals with the tasks of
    formulation of policy concerning levy
    and collection of Customs & Central
    Excise duties and Service Tax,
    prevention of smuggling and
    administration of matters relating to
    Customs, Central Excise, Service
    Tax and Narcotics to the extent
    under CBEC's purview.
    CENTRAL BOARD OF EXCISE AND CUSTOMS..

    Ministry of Finance

    Dept of
    Dept of Dept of
    Economic
    Revenue Expenditure
    affairs
    International trade

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