Custom Duty
Log in to FollowCustom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
CBIC Clarifies Adjudication of Section 28AAA Customs SCNs Involving DGFT Scrips
Customs Instruction 16/2026 Adds ICD Dhanakya as Food Import Entry Point
One-Year EPR Registration Valid for Plastic Import Clearance: CBIC
MeitY Extends TV Set IS 18112:2022 Compliance Deadline to 2027
China Glufosinate Imports Face Provisional Assessment & Additional Guarantee: CBIC
China-Origin Insoluble Sulphur Imports Face Provisional Assessment Pending Review: CBIC
CBIC Introduces Fast-Track Customs Clearance for Oil Spill Response Equipment
CBIC Revises DIGIT Data Entry Rules as Uniform Customs Reporting Required
CBIC Issues Customs Instruction as MeitY Expanded Compulsory Registration Coverage to Standalone Hard Disk Drives
CBIC Issues Highly Specialized Equipmen Exemption Implementation Guidelines
CBIC Bars Direct DGFT References to Ensure Uniform FTP Interpretation
Drawback Allowed as SEZ to DTA Supply Treated as Import Under Law: CBIC
Drawback for re-export of duty paid goods supplied by SEZ to DTA
Instructions for time bound processing of RoDTEP and RoSCTL scrolls
Latest Custom Duty News
Read all the headlines and latest custom duty news, updates and announcements regarding Customs Act, changes in custom duty rates and custom duty challans only at Taxguru.com
Custom duty is an indirect tax which is applicable on goods which are imported into India and a few goods which are exported out of India. Globally, countries levy custom duties over import and export of goods for raising revenue and also for shielding their domestic companies from competitors from several other countries. Custom duty in India is imposed on almost universally all the goods which are imported into India. Export duties are imposed on few goods as provided under Second Schedule. These duties are not imposed on few items such as lifesaving drugs or equipment, food grains, fertilizers etc. Import duties are divided into basic duty, true countervailing duty, additional customs duty, protective duty, anti-dumping duty and education cess.
Customs duty in India is imposed according to the value of the goods or their weight, dimension and other various criteria as per the goods. Where the duties are based on goods value, then the custom duties are known as ad valorem duties, and where the duty is based on quantity or weight, the duties are known as specific duties.
Customs Act, 1962 empowers the government of India for levying customs duty, prohibiting import and export of goods, framing policies for exporting and importing and penalties, offences etc. All the matters which are related to custom duty comes under the CBEC (Central Board of Excise & Customs). The Central Board of Excise & Customs also formulates policies with respect to custom duty rate, smuggling prevention and administrative decisions that are related to customs formations.
Get all the latest custom duty news and updates here at Taxguru. We offer a cohesive and detailed analysis of the relevant updates and announcements related to custom duties. We keep our site updated with all the latest updates, announcements and news on custom duty. Get to know about all the changes and updates to the custom duty challan and other such specific details.
