Custom Duty

CBEC: Why should officials cheat & indulge into frivolous litigation

Rajiv Gupta The moot question is what the worth of the laws in this country is! Are they even worth the paper on which they are printed? The officials indulge into outright cheating & even abuse the beneficiary or issue veiled threats. This is the ground reality & no one seems to be bothered. The […]...

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Sale in the Course of Import

Goods imported into India are cleared for home consumption by payment of custom duty under Section 12 of the Customs Act, 1962 on the value determined under Section 14 of the Act....

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Budget 2018 – Proposed Changes in Customs Law

Changes in Customs tariff ( Rates):- Make in India theme, Reduction in duty on raw materials, Increase in duty on finished goods Significant Changes in Legislative Changes in Customs Act, 1962 Changes in Customs tariff Act, 1975...

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Procedure for AEO certification and Benefits of AEO under Customs

AEO is a trade facilitation scheme for ease of doing business in light of international development, holder of this certificate is entitled for privilege, benefits, exemption and relaxation on account of import and export. This certificate is issued for particular period after that to be renewed....

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Brief on Drawback Provisions with effect from 01.10.2017

Duty Drawback provisions are made to grant rebate of duty or tax chargeable on any imported / excisable materials and input services used in the manufacture of export goods....

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CBEC renamed central board of indirect taxes and customs (CBIC)

With the enactment of the Finance Act, 2018, CBEC is renamed as the Central Board of Indirect Taxes and Customs (CBIC). The change was necessitated due to enactment of the Goods and Services Tax (GST) which has consolidated the multiple Indirect Taxes into one tax....

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Custom Department Appraiser and Wife Convicted in DA Case

The Special Judge, CBI cases, Chennai has sentenced Shri D.Ramani, then Appraiser, Air Customs Department, Chennai to undergo two years Rigorous Imprisonment in a disproportionate assets case. His wife Smt. R. Vijayalakshmi and other person Sh. Adikesavulu were sentenced to undergo one year RI. A total fine of Rs. 2 lakh was imposed on th...

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Substantial reduction in documents required for import & export

As per twitter handle of CBEC there is Substantial reduction in documents required for import & export has expedited the clearance process and contributed in  ease of doing business in India. 1. only three documents mandatory for general import and exports. 2. Packing list and commercial invoice merged into a single document for Cust...

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Budget 2018 proposes Social Welfare Surcharge On Imported Goods

Shri Arun Jaitley proposed to abolish the Education Cess and Secondary and Higher Education Cess on imported goods, and in its place impose a Social Welfare Surcharge. While presenting the General Budget 2018-19 in Parliament today, Shri Jaitley elaborated that the Social Welfare Surcharge at the rate of 10% of the aggregate duties of Cus...

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Budget 2018 to smoothen Custom Act Dispute Resolution Process

Changes Proposed To The Customs Act To Improve Ease Of Doing Business By Smoothening Dispute Resolution Process And Reducing Litigation. Shri Jaitley added that to smoothen dispute resolution processes and to reduce litigation, these amendments are being made to provide for pre-notice consultation, definite timelines for adjudication and ...

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Suo Motu Rectification of order passed u/s 245D(4) on debatable issue by Settlement Commission not valid

The Commissioner of Income Tax Vs. Income Tax Settlement Commission & Another (Bombay High Court) - This Petition under Article 226 of the Constitution of India, challenges an order dated 2nd December, 2016 passed by the Settlement Commission (Commission) under Section 245 D(6B) of the Income Tax Act, 1961 (the Act)....

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Delhi HC set-aside order Revoking Customs Broker License for mis-declaration in consignment

M/s KVS Cargo Vs. Commissioner of Customs (Gen) (CESTAT Delhi) - M/s KVS Cargo Vs. Commissioner of Customs (Gen) (CESTAT Delhi) During the course of investigation, statements of both S/Shri Dinesh and Vinod Kumar have been recorded more than once. Both the persons have admitted the fact that Shri Vinod Kumar is the owner of the imported goods but Shri Dinesh was ...

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Dept. cannot recover tax arrears of deceased Assessee from Personal Properties of Spouse

Meena Krishna Agarwal Vs Assistant Commissioner (Gujarat High Court) - Two-judge bench of the Gujarat High Court comprising Justice Akil Kureshi and Justice A.Y. Kogje in the case of Meena Krishna Agarwal Versus Assistant Commissioner decided that Tax Arrears of a deceased assessee cannot be recovered out of the personal properties of wife. ...

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Payment of Royalty, license fee etc. as a condition of import of goods forms part of Assessable Value

M/s Fujitsu Ten India Pvt. Ltd. Vs. Commissioner of Customs (CESTAT Delhi) - Rule 10(1)(e) of the Valuation Rules stipulates that all other payments actually made are to be made as a condition of sale of the imported goods by the buyer to the seller or by the buyer to the third party to satisfy and obligation of the seller to the extent that such payments are not included i...

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Order passed U/s. 110 A of Customs Act, 1962 is an appealable order

The Commissioner of Customs Vs S.S. Offshore Pvt. Ltd. (Bombay High Court) - Commissioner of Customs Vs S.S. Offshore Pvt. Ltd. (Bombay High Court)  A right of an appeal has to be bestowed by a statute and no person can claim it as of a right, de hors the statute. However having found that there is a right of appeal conferred from the orders of the Commissioner of […...

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Anti-dumping duty on imports of Soda Ash from Russia and Turkey

Notification No. 21/2018-Customs (ADD) - (17/04/2018) - G.S.R. (E). -Whereas, the Designated Authority vide initiation notification No. 7/4/2018- DGAD dated the 16th April, 2018, has initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act)...

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Notification No. 32/2018-Customs (N.T.), Dated: 13.04.2018

Notification No. 32/2018-Customs (N.T.) - (13/04/2018) - Notification No. 32/2018-CUSTOMS (N.T.) - Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified...

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Review of All Industry Rates (AIR) of Duty Drawback for year 2018

F.No.609/27/2018-DBK - (12/04/2018) - Request for views/suggestions and data for review of All Industry Rates (AIR) of Duty Drawback for the year 2018- It is to inform that the Government proposes to review the All Industry Rates (AIRs) of Duty Drawback for the year 2018 with reference to the incidence of Customs and Central Excise duti...

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Anti dumping duty on import of fishnet or fishing nets

Notification No. 20/2018-Customs (ADD) - (10/04/2018) - Seeks to impose definitive anti dumping duty on imports fishnet or fishing nets originating from China or Bangladesh vide Notification No. 20/2018-Customs (ADD)...

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Seeks to maintain effective rate of BCD on Whey at 30%

Notification No. 44/2018-Customs - (10/04/2018) - Seeks to amend notification No. 50/2017 Customs dated 30.06.2017 so as to maintain effective rate of BCD on Whey, concentrated, evaporated or condensed, liquid or semi-solid (0404 10 10) and Other Whey (0404 90 00) at 30%....

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Recent Posts in "Custom Duty"

Anti-dumping duty on imports of Soda Ash from Russia and Turkey

Notification No. 21/2018-Customs (ADD) (17/04/2018)

G.S.R. (E). -Whereas, the Designated Authority vide initiation notification No. 7/4/2018- DGAD dated the 16th April, 2018, has initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act)...

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Suo Motu Rectification of order passed u/s 245D(4) on debatable issue by Settlement Commission not valid

The Commissioner of Income Tax Vs. Income Tax Settlement Commission & Another (Bombay High Court)

This Petition under Article 226 of the Constitution of India, challenges an order dated 2nd December, 2016 passed by the Settlement Commission (Commission) under Section 245 D(6B) of the Income Tax Act, 1961 (the Act)....

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Notification No. 32/2018-Customs (N.T.), Dated: 13.04.2018

Notification No. 32/2018-Customs (N.T.) (13/04/2018)

Notification No. 32/2018-CUSTOMS (N.T.) - Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified...

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Review of All Industry Rates (AIR) of Duty Drawback for year 2018

F.No.609/27/2018-DBK (12/04/2018)

Request for views/suggestions and data for review of All Industry Rates (AIR) of Duty Drawback for the year 2018- It is to inform that the Government proposes to review the All Industry Rates (AIRs) of Duty Drawback for the year 2018 with reference to the incidence of Customs and Central Excise duties on goods manufactured for export....

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Anti dumping duty on import of fishnet or fishing nets

Notification No. 20/2018-Customs (ADD) (10/04/2018)

Seeks to impose definitive anti dumping duty on imports fishnet or fishing nets originating from China or Bangladesh vide Notification No. 20/2018-Customs (ADD)...

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Seeks to maintain effective rate of BCD on Whey at 30%

Notification No. 44/2018-Customs (10/04/2018)

Seeks to amend notification No. 50/2017 Customs dated 30.06.2017 so as to maintain effective rate of BCD on Whey, concentrated, evaporated or condensed, liquid or semi-solid (0404 10 10) and Other Whey (0404 90 00) at 30%....

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CBEC increases BCD on Whey and modified Whey

Notification No. 43/2018–Customs (10/03/2018)

Seeks to increase tariff rate of basic customs duty (BCD) on tariff items covered under tariff sub head 0404 10 ie. Whey and modified Whey, whether or not concentrated or containing added sugar or other sweetening matter, and under tariff item 0404 90 00 ie. Other Whey from present 30% to 40% by invoking section 8A (1) of the Customs Tari...

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Classification of Solar Panel/Module equipped with Elements -Reg.

Instruction No. 08/2018-Customs (06/04/2018)

a) If the solar panel/module is equipped with elements and these elements supply the power to an external load i.e. a motor, an electrolyser etc., then the solar panel/module is classifiable under CTH 8501. b) However, if the solar panel/module is equipped with elements but these elements do not supply the power to an external load i.e. a...

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Govt amends 4 Custom Tariff Notifications dated 2nd Feb 2018

Notification No. 42/2018-Customs (06/04/2018)

Seeks to rescind notification nos. 7/2018-Customs, 8/2018-Customs, 19/2018-Customs and 20/2018-Customs all dated 2nd February 2018 vide Notification No. 42/2018-Customs...

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Govt amends 4 Custom Tariff Notifications dated 2nd February 2018

Notification No. 41/2018–Customs (06/04/2018)

Seeks to amend notification Nos.11/2018-Customs, 12/2018-Customs, 13/2018-Customs and 21/2018-Customs, all dated 2nd February 2018 vide Notification No. 41/2018–Customs...

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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.