Custom Duty - Page 2

Notification No. 48/2017 – Customs (N.T.) Dated: 16.05.2017

Notification No. 48/2017 - Customs (N.T.) (16/05/2017)

Seeks to amend the Customs notification No. 84/2007-Customs (N.T.) dated 17th August, 2007 to give effect to the amendments to Rules of Origin of India-Chile PTA...

Read More

Notification No. 47/2017-Customs (N.T.) Dated: 15.05.2017

Notification No. 47/2017-Customs (N.T.) (15/05/2017)

S.O. ... (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Dep...

Read More

Redemption fine of 10% & penalty of 5% of value of goods is sufficient punishment to importer

Sai International Vs Shri S.S Garg (CESTAT Bangalore)

Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in Issue of imposition of redemption fine and penalty has been settled and now various Benches of the Tribunal have consistently held that the redemption fine of 10% of the value of the goods and penalty of 5% of the value of […]...

Read More

Anti-dumping duty on imports of Aluminium Radiators

Notification No. 20/2017-Customs (ADD) (12/05/2017)

Seeks to impose definitive anti-dumping duty on imports of Aluminium Radiators, Aluminium Radiator Sub-Assemblies and Aluminium Radiator Core, originating in, or exported from, China PR ...

Read More

Anti-dumping duty on imports of Clear Float Glass from Iran

Notification No. 19/2017-Customs (ADD) (12/05/2017)

Whereas in the matter of ‘Clear Float Glass of nominal thickness ranging from 4mm to 12mm (both inclusive)’ falling under chapter headings 7003, 7004, 7005, 7009, 7013, 7015, 7016, 7018, 7019 or 7020 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) ...

Read More

Anti-dumping duty on Cold Rolled Flat Products of alloy or non-alloy steel

Notification No. 18/2017-Customs (ADD) (12/05/2017)

Seeks to levy definitive anti-dumping duty, on Cold Rolled Flat Products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP, or Ukraine for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty, that is, 17th August, 2016....

Read More

Anti-dumping duty, on Hot Rolled Flat Products of alloy or non-alloy

Notification: No. 17/2017-Customs (ADD) (11/05/2017)

Seeks to levy definitive anti-dumping duty, on Hot Rolled Flat Products of alloy or non-alloy steel originating in or exported from China PR, Japan, Korea RP, Russia, Brazil or Indonesia for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty, that is, 8th...

Read More

Notification No. 46/2017-Customs (N.T.) Dated: 11.05.2017

Notification No. 46/2017-Customs (N.T.) (11/05/2017)

Appointment of common adjudication Authority in case of M/s Beanstalk Brand Consultancy, New Delhi...

Read More

Notification No. 45/2017-Customs (N.T.), Dated: 11.05.2017

Notification No. 45/2017-Customs (N.T.) (11/05/2017)

In exercise of powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 142/2016-Customs (N.T.) dated the 29th November, 2016 published in the Gaze...

Read More

Notification No. 44/2017-Customs (N.T.) Dated 11th May, 2017

Notification No. 44/2017-Customs (N.T.) (11/05/2017)

Amendment to notification 62/94 –Customs (N.T), dated 21.11.1994 so as to allow unloading of imported goods and loading of export goods or any class of such goods at Dharma Port, Odisha...

Read More
Page 2 of 64412345...102030...Last »

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.

Featured Posts

Search Posts by Date

May 2017
M T W T F S S
« Apr    
1234567
891011121314
15161718192021
22232425262728
293031