Custom Duty - Page 10

Notification No. 23/2017-Customs (N.T.), Dated: 31.03.2017

Notification No. 23/2017-Customs (N.T.) (31/03/2017)

Tariff Notification No. 23/2017-Customs (N.T.), Dated: 31.03.2017 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver....

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CBEC notifies foreign post offices for clearance of import / export goods

Notification No. 31/2017-Customs (N.T.) (31/03/2017)

CBEC hereby appoints the post offices mentioned in column (3) of the Table below, situated in the State or, as the case may be, the Union territory, specified in the corresponding entry in column (2) of the said Table, to be foreign post offices for the purposes of clearance of imported goods or export goods....

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Notification No. 30/2017-Customs (N.T.), Dated: 31.03.2017

Notification No. 30/2017-Customs (N.T.) (31/03/2017)

In exercise of the powers conferred by clauses (b) and (c) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue)...

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Customs (Advance Rulings) Amendment Rules, 2017

Notification No. 29/2017-Customs (NT), (31/03/2017)

These rules may be called the Customs (Advance Rulings) Amendment Rules, 2017. Authority means the Authority for Advance Rulings constituted under section 245-O of the Income-tax Act, 1961 (43 of 1961)....

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Deferred Payment of Import Duty (Amendment) Rules, 2017

Notification No. 28/2017-Customs (N.T.) (31/03/2017)

1. (1) These rules may be called the Deferred Payment of Import Duty (Amendment) Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette....

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Bill of Entry (Forms) Amendment Regulations, 2017

Notification No. 27/2017-Customs (N.T.) (31/03/2017)

Regulation 4. (1) The importer or a person authorised by him who has a valid licence under the Customs Broker Licensing Regulations, 2013, shall present the bill of entry before the end of the next day following the day (excluding holidays) on which the aircraft or vessel or vehicle carrying the goods arrives at a customs station at which...

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Bill of Entry (Electronic Integrated Declaration) Amendment Regulations, 2017

Notification No. 26/2017-Customs (N.T.) (31/03/2017)

1. (1) These regulations may be called the Bill of Entry (Electronic Integrated Declaration) Amendment Regulations, 2017. (2) They shall come into force on the date of their publication in the Official Gazette....

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Notification No. 25/2017-Customs (N.T.), Dated: 31.03.2017

Notification No. 25/2017-Customs (N.T.) (31/03/2017)

CBEC makes following further amendments in notification No. 40/2012-Customs (N.T.), dated 2nd May, 2012- In the said notification, in the Table, in column (3) against serial number 2, for the existing item (i), the following item shall be substituted, namely:- (i) Second proviso to sub-sections (3), and (5) of section 46; and....

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Handling of Cargo in Customs Areas (Amendment) Regulations, 2017

Notification No. 24/2017-Customs (N.T.) (31/03/2017)

Provide information regarding arrival of the imported goods to the Deputy Commissioner or Assistant Commissioner of Customs immediately on arrival of said goods in the customs area and also information about their departure after the clearance thereof...

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Tariff concessions on goods import under IJCEPA w.e.f. 1st April, 2017

Notification No. 11/2017–Customs (31/03/2017)

Seeks to amend Notification No. 69/2011-Customs, dated 29th July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA), w.e.f. 1st of April, 2017....

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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

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.

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