Custom Duty - Page 5

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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Speedier disbursal of duty drawback on Export of Carpets-Reg.

Circular no. 10/2017-Customs (30/03/2017)

Attention is invited to Board's Circular no. 69/2000-Cus dated 28.8.2000 providing that for fool-proof and expeditious examination and speedier disbursal of drawback on carpets, the field formations may constitute expert panels consisting of textile experts drawn from the Department and from the Export Promotion Council/Trade. ...

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Disposal of seized/confiscated cigarettes of foreign origin

Circular No. 09/2017-Customs (29/03/2017)

i. The cigarette packets shall have, inter alia, specified health warning to cover 85% of the principal display area of the package; 60% shall cover pictorial warning and 25% shall cover textual health warning;...

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Govt imposes 10% basic customs duty on wheat and Tur

Notification No.10/2017-Customs (28/03/2017)

Amendment to Notification No.12/2012-Customs, dated the 17th March, 2012, so as to impose basic customs duty of 10% on wheat and Tur, with immediate effect....

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Notification No. 10/2017-Customs (ADD), Dated: 24.03.2017

Notification No.10/2017-Customs (ADD) (24/03/2017)

Seeks to order provisional assessment on imports of 1,1,1,2-Tetrafluoroethane or R-134a, originating in or exported from People's Republic of China by M/s. Zhejiang Sanmei Chemical Ind. Co., Ltd....

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Anti-dumping duty on imports of Indolinone from China

Notification No. 9/2017-Customs (ADD) (24/03/2017)

Seeks to impose anti-dumping duty on the imports of Indolinone originating in or exported from the People's Republic of China up to and inclusive of 20th November, 2019....

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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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