itpd prsntation.pptx

8/14/2019 itpd prsntation.pptx

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CUSTOMS AND EXCISEDEPARTMENT

Ajay Bhardwaj

Vasu Pandit

Shivam Katoch

Nitin Dhiman


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The Central Board of Excise and Customs (CBEC) is

the national agency responsible for administeringCustoms, Central Excise & Service Tax in India.

The Customs & Central Excise department wasestablished in the year 1855 by the then British

Governor General of India, to administer customslaws in India and collection of import duties / landrevenue.

Central Board of Excise and Customs


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Currently the Customs and Excise department comes

under the Department of Revenue, Ministry ofFinance

Officially formed 26 January 1944

Governing Body Government of India

Continued


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The Central Board of Excise & Customs (CBEC) consist

of 3 main divisions and 15 child agencies/directoratesDivisions

Central Excise

Customs

Service Tax

STRUCTURE
http://en.wikipedia.org/wiki/Central_Excise_(India)http://en.wikipedia.org/wiki/Customshttp://en.wikipedia.org/wiki/Service_Tax_(India)http://en.wikipedia.org/wiki/Service_Tax_(India)http://en.wikipedia.org/wiki/Customshttp://en.wikipedia.org/wiki/Central_Excise_(India)


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Directorate of Revenue Intelligence Directorate General of Central Excise Intelligence Financial Intelligence Unit (FIU-IND) Directorate General of Inspection of Customs & Central Excise National Academy of Customs Excise and Narcotics Central Economic Intelligence Bureau Directorate General of Vigilance Directorate General of Audit Directorate General of Export Promotion Customs, Excise and Service Tax Appellate Tribunal Directorate General of Service Tax Opium & Alkaloid Department Economic Intelligence Council Enforcement Directorate

Central Bureau of Narcotics

15 AGENCIES/DIRECTORATES


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The roles of Custom & Excise varies from operatingwithin the custom, excise or VAT areas.

The roles of customs are ensuring that baggage,passengers, mail and freight are cleared for travel andidentifying potentially smuggled goods.

The officers monitor compliance with excise

regulations and ensuring that appropriate duty is paid

Customs and excise is part works closely with otheragencies including the Home Office and the Police.

What Is the Role of Customs andExcise


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Most importantly, the Custom & Excise should be

capable of collating and analyzing complexinformation including accounts.

The Customs & excise department is also tasked withthe security of our country as it relates to the

importation and exportation of prohibited andrestricted articles.

CONTINUED


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Indias customs tariff rates have been declining since1991. The peak rate has come down from 150% in

1991-2 to 40% in 1997-98. The downward momentumwas reversed the next year with the imposition of asurcharge. This momentum has resumed with thereduction of the peak rate to 35% in 2001-2 and 30%

in 2002-3 but it has not reached the level it wasbefore.

The instances of smuggling are also increasing whichis a constant challenge for the customs and excise

CHALLENGES FACED BY CUSTOMSAND EXCISE


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With the rise in customs duty on gold imports,

contraband gold is entering India with people riskingtheir necks to smuggle in small amounts of the yellowmetal

New reforms by W.T.O says that some part of

customs duties should be performed at the bordersso that the exact charges can be obtained and also itwill help in reducing the smuggling activities.

CONTINUED


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Protection of Indian Industry from unduecompetition.

The change should be brought in the areas like Exportduties are levied occasionally to clear up excessprofitability in international price of goods in respectof which domestic prices may be low at given time

Customs should be given a major role inreengineering their role to keep pace with the policiesof Government and that of the international tradingenvironment

THE DESIRED CHANGES


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THANK YOU

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