[To
be published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i)]
Government
of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)
Notification No. 114/ 2017- Customs (N.T.)
New Delhi the 14
December, 2017
G.S.R. (E). - In exercise of the powers conferred by sections
108A read with section 156 of the Customs Act. 1962 (52 of 1962). the Central
Government hereby makes the following rules, namely:-
1. Short title and commencement. -(1) These rules
may be called the Customs (Furnishing of Information) Rules, 2017.
(2) They shall come into force from the 1st day of
January, 2018.
2. Definition. - (1) In these rules, unless the context
otherwise requires. -
(a) "authorised
person" means any person authorised by the class of person referred to in
column (2) of the Table given in rule 3;
(b)
"Information-Administrator" mean s the proper officer specified by
the Board for purposes of receipt of the information under section 108A of the
Customs Act, 1962 from the authorised person;
(c) "Information
Receiving Auithority" means an authority referred to in column (4) of the
Table as given in rule 3 to receive the information from the class of person
referred to in column (2) of the said Table.
(2) Words and
expressions used herein and not defined in these rules but defined in the
Customs Act, 1962 (52 to 1962) shall have the meaning respectively assigned to
them in the Customs Act, 1962.
3. Information to be furnished. - The information required to be
furnished under sub- section (1) of section 108A of Customs Act. 1962, shall be
furnished electronically by a person mentioned in column (2) of the Table below
in respect of the all transactions of the nature specified in the corresponding
entry in column (3) of the Table, recorded or received by him to the receiving
authority mentioned in column (4) of the said Table.
Table
Sl.
No. |
Class
of person |
Nature
of transaction |
Receiving
Authority |
(1) |
(2) |
(3) |
(4) |
1. |
A
Banking Company within the meaning of clause (a) of section 45A of the
Reserve Bank of India Act, 1934.
|
Details
of foreign exchange transactions made or received by any person as per
Annexure-1.
|
Directorate
of Revenue Intelligence.
|
4.
Format, periodicity and manner of furnishing information-
(a) The Information-
Administrator may receive the information and may issue necessary instructions
relating to the day to day administration of furnishing of the said information
and the said Information Administrator may specify mandatory or non-mandatory fields
in the format, periodicity and manner of furnishing information apart from the
procedures. Data structure and standards for ensuring secure capture and
transmission of data. Evolving and implementing appropriate security, archival
and retrieval policies:
Provided that till such
time the Information-Administrator specifies the modalities for secure capture
and transmission of data, the said information may be furnished through a
secure, electronic medium to the Information-Administrator.
(b) The information
referred to in rule 3 shall be verified and signed by the authorised person.
[F.No.450/33/2017-Cus
IV]
(Zubair Riaz)
Director(Customs)
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