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Concepts · CA Final/Indirect Tax Laws

Indirect Tax Laws

Ch 5 · Customs — Levy, Valuation & Procedures

5 concept points · 4 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
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Important Points

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Customs Levy
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   Imports: BCD + SWS + IGST + Comp Cess + ADD/Safeguard
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   Exports: usually duty-free (export duty on specific items)
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   Procedures: Self-Assessment (Sec 17) + Risk Management System
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   Special: Bonded warehouse (Sec 65), SEZ, FTWZ

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