Custom Duty - Page 3

Notification No. 07/2017-Customs, Dated: 01.03.2017

Notification No. 07/20 17-Customs (01/03/2017)

Amendment to Notification No.09/2012-Cus reg. enabling authorised offices or agencies in India of the laboratories mentioned under para 4.74 of HBP 2015-20...

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DGFT to accept e-BRC for exports with LEO date upto 31.03.2014

Circular No. 6/2017-Customs (28/02/2017)

CBEC decided that for exports with LEO dates 12.08.2012 onwards till 31.03.2014, DGFT’s e-BRC would be accepted, except in case of specific intelligence or information of misuse. This shall be subject to appropriate declaration by the exporter on back of DGFT e-BRC. Format of the said declaration is annexed herewith....

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Exemption from drawal of samples for grant of drawback

Circular No. 5/2017-Custom (28/02/2017)

It has been decided by the Board that those exporters who have been accorded Authorized Economic Operator (AEO) certificate (Tier II & Tier III) in terms of Circular No. 33/2016- Customs dated 22.07.2016 are being exempt from the requirements of drawl of samples for the purpose of grant of drawback, except in case of any specific informat...

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Notification No. 13/2017-Customs (N.T.), Dated: 28.02.2017

Notification No. 13/2017-Customs (N.T.) (28/02/2017)

Tariff Notification Notification No. 13/2017-Customs (N.T.), Dated: 28.02.2017 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver - Reg...

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Proposal to amend Customs Valuation (Determination of Price of Imported Goods) Rules, 2007

The Central Govt. proposes to consider the following amendments to the Customs Valuation (Determination of Price of Imported Goods) Rules, 2007...

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Posted Under: Custom Duty |

Anti-dumping duty on Seamless tubes, pipes & hollow iron profiles etc.

Notification No. 7/2017-Customs (ADD) (17/02/2017)

Seeks to levy definitive anti-dumping duty on Seamless tubes, pipes and hollow profiles of iron, alloy or non-alloysteel (other than cast iron and stainless steel), whether hot finished or cold drawn or cold rolled of an external diameter not exceeding 355.6 mm or 14″ OD originating in,or exported from the People’s Republic of...

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Clarification of levy of MOT charges in CFSs attached to 24×7 ports

Circular No. 04/2017-Customs (16/02/2017)

Factory stuffed containers are already covered under 24x7 operations, therefore, MOT charges are not required to be paid in lieu of services (like verification of seals etc) rendered by customs officers at CFSs in respect of such containers....

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Rate of exchange of conversion of foreign currency WEF 17.02.2017

Notification No.12/2017-Customs (N.T.) (16/02/2017)

Central Board of Excise and Customs hereby determines rate of exchange of conversion of each of foreign currencies WEF 17th February, 2017....

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Notification No. 11/2017-Custom (N.T.), Dated: 15.02.2017

Notification No. 11/2017-Custom (N.T.) (15/02/2017)

Notification No. 11/2017-CUSTOMS (N.T.) -Tariff value Notification in respect of Fixation of tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver...

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Guideline for Seizure of Custom goods, documents and things

Instruction no. 01/2017-Customs (08/02/2017)

It has been brought to the notice of the Board that in several cases, goods arc being held-up/seized by the field formations only under panchnama and separate orders for seizure of goods are not being passed....

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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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