Custom Duty

Ease of Doing Business & Custom Audit

Hon. Prime Minister of India has the reason to take India on the top rank of ‘Ease of Doing Business’, which will promote ‘Make in India’ moment to ensure achievement of dream of making India USD 5 Trillion economy and India to be super power by 2024. One of the major hurdle of doing the […]...

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Readymade Garment Accessories Import-Compliance

In the last budgetary changes, the Customs mega exemption Notification No. 50/2017-Cus dated 30.06.2017 witnessed vital changes and amidst these changes, two changes directly hit readymade garment exporters and here these both changes are discussed for the sake of enhancement of awareness of the stakeholders. EXEMPTION IN RELATION TO FAST...

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Amendment can be done of Bill of Entry/ Bill of Shipping/ Bill of Exports: Post clearance of goods for domestic consumption or export

Amendment can be done of Bill of Entry/ Bill of Shipping/ Bill of Exports: Post clearance of goods for domestic consumption or export Legal provisions are meant to help the business and not otherwise. The provisions are not legislated to deny the legitimate benefit rather they should be interpreted in a way to help the […]...

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Re-Export of Warehoused Goods to Nepal & Bhutan

Re‐export is sending back goods imported for specific purposes like jobbing, execution of a contract, servicing/repairing of machineries, display in fair/exhibition etc. It also happens when indigenously manufactured goods were returned back after export and re‐imported for repairing/reprocessing etc. due to reasons such as defective,...

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Procedure for Import of Covid-19 Vaccines

In view of the COVID-19 pandemic and in order to address the emergency situation by increasing the provision of secure and reliable vaccinations, the National Expert Group on Vaccine Administration for Covid-19 found some guidelines on the supply of Covid-19 Vaccine. The CDSCO will process those proposals for Restricted Use in Emergency S...

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Ease of Doing Business with New CIP launched by CBIC

The Central Board for Indirect Taxes & Customs (CBIC) here today launched the Indian Customs Compliance Information Portal (CIP) at www.cip.icegate.gov.in/CIP for providing free access to information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff Items....

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CBIC CRP for speedy clearances of COVID-19 vaccines at airports

Recognizing that efficient and expeditious release of temperature-sensitive vaccines would be a critical requirement in the collective fight against the COVID-19 pandemic, CBIC has proactively put in place a COVID Response Plan (CRP) ( Annexed herewith) for speedy clearances of COVID-19 vaccines at all major airports....

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No clogging of consignments of edible oil at the ports

The Indian Customs is continuously monitoring the import clearances of edible oils in co-ordination with Food Safety and Standards Authority of India (FSSAI). It is seen that the import clearance time for edible oil has come down significantly to approx. 3-4 days at present which is the usual time taken for sampling, duty payment and log...

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Launch of online filing of application for AEO T2 & AEO T3

Central Board of Indirect Taxes & Customs (CBIC) Chairman Shri M. Ajit Kumar here today inaugurated the online filing of Authorised Economic Operators (AEO) T2 and T3 applications....

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CBI arrests 3 Custom dept Officials in Rs. 4 Lakh Bribery Case

The Central Bureau of Investigation has arrested two Superintendents/Senior Intelligence Officers and an Inspector/Intelligence Officer, all of Customs(SIIB), ICD(Import), Tuglakabad, New Delhi in a bribery case of Rs. Four lakh....

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HC allows Provisional Release of Cargo on duty payment, Bond & Bank Guarantee

Commissioner of Customs Vs Sri Venkateshwara Paper Boards (Madras High Court, Madurai bench) - Commissioner of Customs Custom House Vs Venkateshwara Paper Boards (Madras High Court) the request for mutilation was much after seizure of the goods. On and after 31.01.2020, stock lot goods are prohibited. Therefore, the issue would be if there are three varieties of paper bundled into one, whethe...

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Redemption fine & penalty imposed without final assessment is not permissible

J S Steel Traders Vs Commissioner of Customs (CESTAT Chandigarh) - Redemption fine & penalty imposed by Revenue Department without final assessment is not permissible The Hon’ble CESTAT Chandigarh in matter of M/s J.S. Steel Traders v. the Commissioner of Customs, Ludhiana [Custom Appeal No. 60037 of 2021, Final Order No. 60840/2021 dated May 24, 2021] set as...

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No penalty in absence of evidence for abetment for fraudulent export of goods

Smt. Sushma Vs Commissioner of Customs (CESTAT Delhi) - Smt. Sushma Vs Commissioner of Customs (CESTAT Delhi) Conclusion: Penalty against a Late Customs Inspector for the charges for abetment for fraudulent export of goods was deleted as there was no evidence produced by the department which might prove that assessee ever instigated or conspired or inte...

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No Penalty without evidence & for mere small difference in time

Air India Ltd. v. Commissioner of Customs (CESTAT Chennai) - The second allegation is that appellants have violated Regulation 5(n), by allowing unauthorised persons to enter into the area. Though, it is stated in the show-cause notice that the appellants have allowed unauthorised persons to access the premises, there is no evidence to support the same. The d...

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No penalty for customs section 41 violation due to inadvertent omission/system error

Hyundai Merchant Marine India Pvt. Ltd. Vs Commissioner of Customs-EGM CELL (CESTAT Chennai) - CESTAT had deleted the penalty imposed by the Customs Department and held that no penalty could be levied under section 117 if there was no willful intention / wrongful mind for violating the law and such violation occurred was only due to inadvertent omission / system error....

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Anti-dumping duty on imports of Ceramic Tableware & Kitchenware- Reg.

Notification Case No.-AD-AC-05/2020 - (03/08/2021) - Anti-Circumvention investigation concerning circumvention of anti-dumping duty imposed on imports of Ceramic Tableware and Kitchenware, excluding knives and toilet items” originating in or exported from China PR, by imports of Ceramic Tableware and Kitchenware, excluding Knives and Toilet Items fr...

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Anti-dumping investigation on imports of ‘Self-adhesive Polyvinyl Chloride Film’

F.No.6/1/2020-DGTR - (03/08/2021) - Termination of Anti-dumping investigation on the imports of Self-adhesive Polyvinyl Chloride Film originating in or exported from China PR....

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Initiation of Anti-dumping investigation on import of ATS-8 from China

(Case No. AD-OI-11/2021) - (02/08/2021) - MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) INITIATION NOTIFICATION New Delhi, the 2nd August, 2021 (Case No. AD-OI-11/2021) Subject : Initiation of Anti-dumping investigation concerning imports of “(4R-Cis)-1, 1-Dimethylethyl-6-cyanomethyl-2,...

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Anti-Dumping duty on Wire Rod of Alloy or Non-Alloy Steel extended

Notification No. 42/2021-Customs (ADD) - (01/08/2021) - Seeks to amend  notification no. 48/2017-Customs (ADD), dated the 9th October, 2017 to extend the levy of Anti-Dumping duty on ‘ Wire Rod of Alloy or Non-Alloy Steel ‘ originating in or exported from China PR up to and inclusive of 31st January, 2022 . MINISTRY OF FINANCE (Department of...

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CBIC allows facility of continuous AEO certification/auto renewal for AEO-T1 entities

Circular No. 18/2021-Customs - (31/07/2021) - Taking into account the reported difficulties faced by the AEO-T1 (including MSME AEO-T1) entities in seeking renewal and with a view to reduce their compliance burden, the Board has decided to allow the facility of continuous AEO certification/auto renewal for AEO-T1 entities....

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Recent Posts in "Custom Duty"

Ease of Doing Business with New CIP launched by CBIC

The Central Board for Indirect Taxes & Customs (CBIC) here today launched the Indian Customs Compliance Information Portal (CIP) at www.cip.icegate.gov.in/CIP for providing free access to information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff Items....

Read More

Anti-dumping duty on imports of Ceramic Tableware & Kitchenware- Reg.

Notification Case No.-AD-AC-05/2020 03/08/2021

Anti-Circumvention investigation concerning circumvention of anti-dumping duty imposed on imports of Ceramic Tableware and Kitchenware, excluding knives and toilet items” originating in or exported from China PR, by imports of Ceramic Tableware and Kitchenware, excluding Knives and Toilet Items from Malaysia....

Read More

Anti-dumping investigation on imports of ‘Self-adhesive Polyvinyl Chloride Film’

F.No.6/1/2020-DGTR 03/08/2021

Termination of Anti-dumping investigation on the imports of Self-adhesive Polyvinyl Chloride Film originating in or exported from China PR....

Read More

Ease of Doing Business & Custom Audit

Hon. Prime Minister of India has the reason to take India on the top rank of ‘Ease of Doing Business’, which will promote ‘Make in India’ moment to ensure achievement of dream of making India USD 5 Trillion economy and India to be super power by 2024. One of the major hurdle of doing the […]...

Read More

HC allows Provisional Release of Cargo on duty payment, Bond & Bank Guarantee

Commissioner of Customs Vs Sri Venkateshwara Paper Boards (Madras High Court, Madurai bench)

Commissioner of Customs Custom House Vs Venkateshwara Paper Boards (Madras High Court) the request for mutilation was much after seizure of the goods. On and after 31.01.2020, stock lot goods are prohibited. Therefore, the issue would be if there are three varieties of paper bundled into one, whether it would fall within the definition of...

Read More

Initiation of Anti-dumping investigation on import of ATS-8 from China

(Case No. AD-OI-11/2021) 02/08/2021

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) INITIATION NOTIFICATION New Delhi, the 2nd August, 2021 (Case No. AD-OI-11/2021) Subject : Initiation of Anti-dumping investigation concerning imports of “(4R-Cis)-1, 1-Dimethylethyl-6-cyanomethyl-2, 2-dimethyl-1, 3-dioxane-4-acetate also ...

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Anti-Dumping duty on Wire Rod of Alloy or Non-Alloy Steel extended

Notification No. 42/2021-Customs (ADD) 01/08/2021

Seeks to amend  notification no. 48/2017-Customs (ADD), dated the 9th October, 2017 to extend the levy of Anti-Dumping duty on ‘ Wire Rod of Alloy or Non-Alloy Steel ‘ originating in or exported from China PR up to and inclusive of 31st January, 2022 . MINISTRY OF FINANCE (Department of Revenue) Notification No. 42/2021-Custo...

Read More

Redemption fine & penalty imposed without final assessment is not permissible

J S Steel Traders Vs Commissioner of Customs (CESTAT Chandigarh)

Redemption fine & penalty imposed by Revenue Department without final assessment is not permissible The Hon’ble CESTAT Chandigarh in matter of M/s J.S. Steel Traders v. the Commissioner of Customs, Ludhiana [Custom Appeal No. 60037 of 2021, Final Order No. 60840/2021 dated May 24, 2021] set aside the order passed by the Revenue Depa...

Read More

CBIC allows facility of continuous AEO certification/auto renewal for AEO-T1 entities

Circular No. 18/2021-Customs 31/07/2021

Taking into account the reported difficulties faced by the AEO-T1 (including MSME AEO-T1) entities in seeking renewal and with a view to reduce their compliance burden, the Board has decided to allow the facility of continuous AEO certification/auto renewal for AEO-T1 entities....

Read More

Anti-Dumping duty on Polytetrafluoroethylene extended till 30.11.2021

Notification No. 41/2021-Customs (ADD) [G.S.R. 522(E)] 31/07/2021

Seeks to further amend notification No. 23/2016-Customs (ADD) dated 6th June, 2016 to extend the levy of Anti-Dumping duty on Polytetrafluoroethylene originating in or exported from Russia, up to and inclusive of 30th November, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 41/2021-Customs (ADD) | Dated: 31st...

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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.

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