Custom Duty - Page 2

Anti-dumping duty on imports of ‘O-Acid” from China

Notification No. 35/2017-Customs (ADD) (13/07/2017)

NOTIFICATION No. 35/2017-Customs (ADD) Seeks to Impose provisional anti-dumping duty on imports of 'O-Acid" originating in exported from China PR...

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Anti- dumping duty on imports of ‘ Grinding Media Balls’

Notification No. 34/2017-Customs (ADD) (13/07/2017)

Seeks to extend levy of anti- dumping duty on imports of ' Grinding Media Balls' (excluding Forged Grinding media Balls), originating in, or exported from, Thailand and people's Republic of China imposed vide Notification 36/2012- Customs (ADD) ,dated 16th July, for one year i.e. up to and inclusive of the 15th July, 2018....

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Stay on Circular Mandating 10% Additional Pre- Deposit for Appeals before CESTAT

Circular No. F.No.01/05/Circular /CESTAT /2015 (11/07/2017)

Hon'ble High Court of Delhi on 23.5.2017 has passed an interim order in W.P. No. 4551/2017 and accordingly, the demand of 10% additional mandatory deposit over and above the amount deposited before Commissioner (Appeals) is stayed till further orders. The circular dated 27.4.2017 issued by this office is also kept in abeyance....

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CBEC increases import duty on sugar to 50%

Notification No. 66/2017-Customs (10/06/2017)

CBEC increases import duty on sugar [Raw sugar, Refined or White sugar, Raw sugar if imported by bulk consumer under tariff head 1701, from the present 40% to 50% with immediate effect and without an end date...

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CBEC Seeks to amend Notification No. 50/2017-Customs dated 30.06.2017

Notification No. 65/2017–Customs (08/07/2017)

In exercise of the powers conferred by sub-section (1) of Section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of Section 3, of Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do...

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eNodeB used in cellular networks classifiable under CTH 8517 6290

Instruction No. 08/2017-Customs (07/07/2017)

Board has received references regarding the classification of eNodeB which is an LTE equipment used in wireless or cellular networks. A doubt has been expressed whether the said goods are classifiable under CTH 8517 6100 or CTH 8517 6290....

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Revised rates of Rebate of State Levies on Export of Garments and textile made-up articles w.e.f. 01.07.2017 –regarding

Circular No. 28/2017-Customs (06/07/2017)

These revised rates on garment and textile made-up exports under ROSL Scheme are applicable to exports with Let Export Order dates from 1.7.2017 on wards. The EDI implementation of the revised ROSL Scheme rates has been completed by the Systems Directorate....

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GSTIN requirement for import and export-reg

Instruction No.-10/2017-Customs (06/07/2017)

Instances have been brought to the notice of the Board that there is some confusion regarding requirement of GSTIN for importers and exporters at the time of import and export of the goods. This is resulting in avoidable delay in the clearance of the goods....

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Rate of exchange of conversion of foreign currency WEF 07.07.2017

Notification No.70/2017-Customs (N.T.) (06/07/2017)

Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies WEF 07.07.2017 ...

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Duty on Import of gifts / other goods for personal use through Courier

Instruction No. 09/2017-Customs (05/07/2017)

Reference has been received in the Board that seeking clarification as to whether the above concessional duty @ 10% is applicable to goods imported through courier (heading 9804) where the value of the said goods is above Rs. 2000/-. It has been further mentioned that there is no uniformity of practice in the field formations on this issu...

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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 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.