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Public Finance International Trade and Customs Conventions

PAPER III - PUBLIC FINANCE, INTERNATIONAL TRADE AND CUSTOMS CONVENTIONS

Candidates are expected to have a basic knowledge of economic theories relating to public finance, international trade and commerce.  In addition they should have knowledge of International Conventions and Agreements, required to be complied with or enforced by the Customs authorities of India.

A.PUBLIC FINANCE

  1. Canons of taxation - Direct and Indirect taxes.
  2. Apportioning of the tax burden - Benefit received approach; Ability to payapproach.
  3. Incidence of taxes - incidence of customs & Central Excise duties - theories of tax shifting - the problems of double & multiple taxation - value added tax.  General equilibrium approach to incidence of taxation.
  4. Commodity taxation and Revenue allocation - Optimal Commodity tax approach - Theory of tax design and reform.
  5. Commodity taxation in India - the structure and administration of Customs and Union Excise Duties and Sales Tax in India.
  6. The objective of budgetary policy and fiscal policy in a developing country - principles of public expenditure - Centre-State financial relations in India - Tax overlapping between Centre and States. Tax Harmonisation.

SUGGESTED READING

  1. Theory of Public Finance, Musgrave, R.A.
  2. Lectures in Public Economics - Mc. Graw Hill, Atkinsan A and Stightz.
  3. Public Finance in Theory & Practice - Prest, A.R.
  4. Government Finance in Developing Countries - Richard Goode
  5. The Theory of  Taxation for Developing Countries, Newberry & Stern.
  6. Tax Reform and Development  - An Economic Analysis of the Indian Fiscal System.  Ahmed  I and Stern, Nicholas Cambridge University Press, 1990.
  7. Public Finance, Bhatia, H.
  8. Fiscal Policy in Developing Countries -  Chelliah, R.J.
  9. "Public Finance : A Normative Theory", Business Publication - Tresch (R.W.)
  10. Incidence of Indirect Taxes in India 1973-74, National Institute of Public Finance & Policy.
  11. Public Sector Economics, Robin Boadway, Winthrop Publishers, Cambridge, 1979.
  12. Report of the Indirect Taxation Inquiry Committee.
  13. Finance Commission Reports.
  14. Survey of Research on Indian Fiscal Federalism - M.G. Rao and R.J. Chelliah - NIPFP.
  15. Economic crisis in India - The Way Ahead - Bimal Jalan (1991).
  16. Economic Crises - Fiscal and Debt Management - B.B. Bhattacharya.
  17. World Development Reports (The World Bank).
  18. India Development Reports.

B.INTERNATIONAL TRADE

  1. Theories of International Trade - Classical and Modern.
  2. Terms of Trade and gains fro