Some Crucial Meanings Under Customs Act,1962 Historical Background of Customs Act, 1962– The term ‘custom-mades’ obtains its color and essence from the term ‘customized’ which implies regular practice or course of action.Kautilya’s Arthashastra likewise refers to shulka (Customs Responsibility) including import duty and export duty to be collected at the city gates on both items being available in and heading out. The Customs Act was passed and promulgated in India by Parliament in the Year 1962 which replaced the erstwhile Sea Customs Act,1878 Now you can scroll down below and examine total details relating to ” Some Important Meanings Under Customs Act, 1962″
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Some Crucial Meanings Under Customs Act, 1962
| Area No | Name | Quick |
| 2( 2 ) | Assessment | 1. Provisional Evaluation 2. Self Evaluation 3. Reassessment 4. Any Evaluation |
| 2( 7 ) | Coastal Product | 1. Besides Imported items 2. From 1 Port to Another |
| 2( 9 ) | Conveyance | 1. Vessel (by sea) 2. Aircraft (by Air) 3. Automobile (by Land) |
| 2(14) | Dutiable Item | 1. Chargeable to Task 2. Task has actually not been Paid Only if- 1. In Ambit of words items 2. Mentioned in Tariff |
| 2(18) | Export | Securing of India to a Location outside India |
| 2(19) | Export Goods | Got Of India to a Place outside India |
| 2(20) | Exporter | Any Owner or any person holding himself out to be the exporter |
| 2(21) | Foreign going Vessel | 1. Naval Vessel of Foreign Govt 2. Vessel Engaged in Fish. |
| 2(23) | Import | Bringing Into India From a Location Outside India |
| 2(25) | Imported Product | Brought into India From Place Outside India Excludes– Cleared for House Consum. |
| 2(26) | Importer | Any Owner or any individual holding himself out to be the importer |
| 2(27) | India | Territorial Waters of India, which extends upto 12 nautical miles Includes— Airspace Above that water & Ground at the bottom |
| 2(28) | Indian Customized Waters * | 12 nm from Territorial Waters (i.e. 12 nm, Overall = 24 nm) |
| 2(31) | Individual in Charge | 1.Vessel-Master 2.Aircraft-Commander 3.Railway-Conductor 4. Any other- Chauffeur |
| 2(33) | Prohibited Goods | Which undergo Prohibiton under this or any other Act |
| 2(38) | Stores | Consists Of Fuel and Spare Parts & Other Articles of devices |
| 2(40) | Tariff Worth | |
| 2(41) | Worth | |
| 2(42) | Car | |
| 2(43) | Storage Facility | |
| 2(44) | Warehoused Product | |
| — | Standard | Lower Water mark Along the coast |
| — | Contiguos Zone | Beyond 12 nm from Terr. Water (i.e. 24 nm) |
| — | Exclusive Economic Zone | Beyond 200 nm from the Standard |
Significance of Indian Customizeds Waters
- Offence Commited within Indian Customs Water– Punishable u/s 132/133
- Believe That Product May be utilized for Smuggling– May Stop Vehicle
- If Purpose is Hiding Item– Responsible for Confiscation
- Power to Search any Person
- Imported Product which contrast any restriction Enforced– Accountable for Confiscation
For More about the Act, Please Read my Next Series. If any ideas please write back to me.
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