This lecture is prepared by Mr. Kaleem Akhtar Kazmi: INDEX Definition National Tariff Commission Harmonized System Code (HS Code) Valuation of Cargo Methods for the purpose of customs duty. Exemption, Remission, Deferment of Payment and Refund of Customs Duty. Duty Drawback Claim on General Goods …
The National Tariff Commission is the corporate body established under an act of the parliament (Act IV of 1990) which was passed in June, 1990. The commission consists of its chairman of the status of Federal Government Secretary and two members of the status of …
The Harmonized System concerning customs duty Tariff was established by the customs cooperation council in 1983. This concerns the classification of goods at international recognition for correct understanding and application of the general rules, chapter notes and section notes contained in the harmonized system. The …
The customs authorities normally accept the “Primary Method of Valuation” of cargo for the purpose of customs duty which is as under:- The price actually paid or payable is the total payment made or to be made by the buyer to or for the …
Table of contents Exemption from Customs Duty: Remission of Customs Duty: Deferment of Payment of Customs Duty: Refund of Customs Duty: Exemption from Customs Duty: The customs duties are levied at such rates as are prescribed in the first schedule on the following cargo: (a) …
Table of contents (i) Duty Drawback : (ii) Duty Drawback on Goods other than Motor Vehicles: (iii) Duty Drawback in respect of Motor Vehicles: (iv) Duty Drawback Claim: (v) Duty Drawback Not Allowed: (i) Duty Drawback : Duty drawback is the re—payment of duty or …
