Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
The customs authority, exercising powers under the Customs Act, 1962, amended the Transhipment of Cargo to Nepal under Electronic Cargo Tracking System Regulations, 2019, effective on publication, to replace the application provision. The amended regulation confines the ECTS transhipment routes to specified rail and rail-plus-road corridors: Kolkata, Haldia and Vishakhapatnam ports to Birgunj (rail); Batnaha (rail) then Batnaha to Biratnagar (road); Biratnagar (rail); and Jogbani (rail) then Jogbani to Biratnagar (road).
The customs authority, exercising powers under the Customs Act, 1962, amended the Transhipment of Cargo to Nepal under Electronic Cargo Tracking System Regulations, 2019, effective on publication, to replace the application provision. The amended regulation confines the ECTS transhipment routes to specified rail and rail-plus-road corridors: Kolkata, Haldia and Vishakhapatnam ports to Birgunj (rail); Batnaha (rail) then Batnaha to Biratnagar (road); Biratnagar (rail); and Jogbani (rail) then Jogbani to Biratnagar (road).
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