Custom Duty

Changes in Prosecution guidelines vis a vis smuggling of gold and foreign currency by Foreign Nationals under Customs Act, 1962

Changes in Prosecution guidelines vis a vis smuggling of gold and foreign currency by Foreign Nationals under Customs Act, 1962 Central Board of Indirect Tax & Customs has made certain changes with regard to Prosecution of Foreign Nationals for the offences covered under the Customs Act, 1962 involving Foreign Currency vide Circular N...

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Registration of Multimodal Transport Operator (MTO)

Registration Process of Multi modal transport operator. Transportation is an integral part of delivering goods from suppliers to customers. Every Company, Firm or Proprietary Concern, either engaged in the business of Shipping, or freight forwarding in India or abroad need to get registered under the Multimodal Transportation of Goods Act...

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Relevant Date for Determination of Rate of Duty & Tariff Valuation under Customs Act, 1962

Introduction Rate of duty and Tariff Valuation in case of Import and export of Goods is determined on the basis of Rate applicable on the Relevant date, which has been discussed below. 1. Date of determination of Rate of duty and tariff valuation of Imported Goods [Section 15 of Customs Act, 1962] Relevant date for […]...

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Custom BCD rate changes wef 30th January 2019

Principal Notification No. 02/2019 – Customs Dated: 29th January, 2019. Amendment Notifications: notification No.57/2017-Customs, dated the 30th June, 2017  and  notification No. 75/2018 -Customs, dated the 11th October, 2018 Effective Date: 30th January 2019 Sl. No. Heading Description of services Rate Conditions Old Amendment Old ...

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Removal of Pre-Import Condition – Prospective or Retrospective ??

1. Pre-import condition (i.e. import first and then export) was inserted in Notification No. 18/2015 – Customs (as condition no. (xii)) as well as Notification No. 20/2015 – Customs (as condition no. (xiii)) vide Notification No. 79/2017 – Customs dated 13-10-2017. Said condition was required to be met if IGST exemption was claimed...

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CBI Arrests Preventive Officer of Customs in an On-Going Investigation of A DA Case

Central Bureau of Investigation CBI Arrests Preventive Officer of Customs in an On-Going Investigation of A Disproportionate Assets Case, and Recovers Rs.1,18,50,000/- The Central Bureau of Investigation has arrested a Preventive Officer of Customs, Goa in an on-going investigation of disproportionate assets case. His father (private pers...

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Customs Brokers’ Examination- Guidelines For Candidates

Customs Brokers’ Examination GUIDELINES FOR THE CANDIDATES (Please refer Regulation 6 of Customs Brokers Licensing Regulations, 2018) A. Admit Card and Mock Test: A dummy Question paper for the purpose of awareness of candidates will be made available on the CBIC and NACIN websites under the icon/tab <GSTP/CBLR Exam>. A link to do...

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Computer based Examination under Customs Brokers Licensing Regulations

Computer based Examination under Regulation 6 of the Customs Brokers Licensing Regulations, 2018 (As Amended); The Examination to be conducted on 15th March, 2019 at designated Examination Centers across India...

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Rationalization of customs duty & procedures to boost Make in India initiative 

Rationalization of customs duty and procedures to give boost to ‘Make in India’ initiative  RFID technology to be used to improve export logistics  The Government has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative. While presenting the Interim Budget 2019-20 in Parli...

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Imposition of High Custom Duty on Steel and Aluminium Products

United States has imposed global tariff of 25% and 10% in March, 2018 on certain steel and aluminium products, respectively, under Section 232 of US Trade Expansion Act of 1962. India took up this issue at World Trade Organisation (WTO) as it considers these additional duties to be non-compliant with WTO provisions. ...

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Non-compliance with Section 50 of the NDPS Act, 1985

Sikodh Mahto Vs. State (Delhi High Court) - The Hon­­'ble High Court of Delhi vide Judgment dated 6th June, 2019 passed in Crl. A. No.660/2017 titled Sikodh Mahto vs. State and in  Crl No.698/2017 titled Prabhu  Mahto vs. State while quashing the order passed by Ld. Additional Sessions Judge, acquitted the appellants in case involving a...

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Govt can retain excess auction sale proceeds of confiscated goods: SC

Gillette India Ltd. Vs Commissioner of Customs & Ors. (Delhi High Court) - Under Sections 125 read with Section 126 of the Customs Act, 1962 where the redemption fine in lieu of confiscation is not paid within the time stipulated, the Central Government is entitled to retain the excess auction sale proceeds of the confiscated goods, after adjustment of the duty, penalty, i...

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Recovery of interest without issuance of notice is bad in law: CESTAT Mumbai

M/s. Ansar & Co. Vs Commissioner of Customs (Imp-II) (CESTAT Mumbai) - The assessee should have been put to Notice and a reasonable opportunity should have been given for representing their case. While the same was not done, jumping straight way to coercive measures was certainly uncalled for. Therefore, Interest collected being without authority of Law needs to be ref...

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Arrest by DGCEI without SCN is Unconstitutional: SC

Union of India & Ors. Vs Ms. Make My Trip (India) Pvt. Ltd. (Supreme Court) - Union of India & Ors. Vs Ms. Make My Trip (India) Pvt. Ltd. (Supreme Court) The issue is as to whether the power of arrest under Section 91 of the Finance Act, 1994 can be exercised without following the procedure as set out in Section 73A(3) and (4) of the said Act. The High Court […]...

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CESTAT upheld Order sanctioning refund after rectifying clerical mistakes in shipping bills

Commissioner of Central Excise, Customs & Service Tax Vs M/s Mideast Integrated Steels Ltd. (CESTAT Hyderabad) - Order sanctioning refund by the first appellate authority (FAA) was upheld after rectifying the clerical/ arithmetical mistakes in the shipping bills....

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Anti dumping duty imposed on PVC to continue till 12th August, 2019

Notification No. 23/2019-Customs (ADD) - (11/06/2019) - Notification No. 23/2019-Customs (ADD) dated 11.06.2019 seeks to extend the levy of anti dumping duty imposed on ‘PVC (Resin) suspension grade’ imported from China, Thailand and USA till 12th August, 2019- Notification No. 23/2019-Customs (ADD) Dated 11th June, 2019. GOVERNMENT OF INDIA ...

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Reg. Anti-dumping duty till 24.06.2019, on imports of “Paracetamol”

Notification No. 22/2019-Customs (ADD) - (10/06/2019) - Seeks to extend levy of anti-dumping duty till 24.06.2019, on imports of ‘Paracetamol’ originating in or exported from china PR, imposed vide notification No. 39/2018 Customs (ADD), dated the 20th August, 2018,in pursuance order of Hon’ble High Court of Gujarat in the matter of SCA...

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List of items, samples of which can be tested in revenue laboratories

Circular No. 15/2019-Customs - (07/06/2019) - The Revenue Laboratories have now acquired testing facilities for some of the samples listed in the said Annexure following the up-gradation and induction of more sophisticated equipment. These items are listed in Annexure I annexed with this Circular....

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CBIC notifies Rate of Exchange of Foreign Currencies wef 07.06.2019

Notification No. 40/2019-Customs (N.T.) - (06/06/2019) - Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 7th June, 2019 notified vide Notification No. 40/2019–Customs (N.T.) dated 6th June, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 40/2019R...

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Simple auto registration on ICEGATE for IEC holders for eSANCHIT

Circular No. 14/2019-Customs - (03/06/2019) - ICEGATE has now introduced simplified auto registration for IEC holders based on the email ids already provided by them for registration under GST. Detailed advisory on the same has been placed on the ICEGATE web portal. The simplified procedure does away with the requirement of the digital signatur...

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Recent Posts in "Custom Duty"

Anti dumping duty imposed on PVC to continue till 12th August, 2019

Notification No. 23/2019-Customs (ADD) (11/06/2019)

Notification No. 23/2019-Customs (ADD) dated 11.06.2019 seeks to extend the levy of anti dumping duty imposed on ‘PVC (Resin) suspension grade’ imported from China, Thailand and USA till 12th August, 2019- Notification No. 23/2019-Customs (ADD) Dated 11th June, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVEN...

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Non-compliance with Section 50 of the NDPS Act, 1985

Sikodh Mahto Vs. State (Delhi High Court)

The Hon­­'ble High Court of Delhi vide Judgment dated 6th June, 2019 passed in Crl. A. No.660/2017 titled Sikodh Mahto vs. State and in  Crl No.698/2017 titled Prabhu  Mahto vs. State while quashing the order passed by Ld. Additional Sessions Judge, acquitted the appellants in case involving alleged seizure  of contraband (Charas w...

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Reg. Anti-dumping duty till 24.06.2019, on imports of “Paracetamol”

Notification No. 22/2019-Customs (ADD) (10/06/2019)

Seeks to extend levy of anti-dumping duty till 24.06.2019, on imports of ‘Paracetamol’ originating in or exported from china PR, imposed vide notification No. 39/2018 Customs (ADD), dated the 20th August, 2018,in pursuance order of Hon’ble High Court of Gujarat in the matter of SCA 5278/2019. MINISTRY OF FINANCE (Departm...

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Changes in Prosecution guidelines vis a vis smuggling of gold and foreign currency by Foreign Nationals under Customs Act, 1962

Changes in Prosecution guidelines vis a vis smuggling of gold and foreign currency by Foreign Nationals under Customs Act, 1962 Central Board of Indirect Tax & Customs has made certain changes with regard to Prosecution of Foreign Nationals for the offences covered under the Customs Act, 1962 involving Foreign Currency vide Circular N...

Read More
Posted Under: Custom Duty |

List of items, samples of which can be tested in revenue laboratories

Circular No. 15/2019-Customs (07/06/2019)

The Revenue Laboratories have now acquired testing facilities for some of the samples listed in the said Annexure following the up-gradation and induction of more sophisticated equipment. These items are listed in Annexure I annexed with this Circular....

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CBIC notifies Rate of Exchange of Foreign Currencies wef 07.06.2019

Notification No. 40/2019-Customs (N.T.) (06/06/2019)

Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 7th June, 2019 notified vide Notification No. 40/2019–Customs (N.T.) dated 6th June, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 40/2019–Customs (N.T.) New Delhi, dated the 6...

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Simple auto registration on ICEGATE for IEC holders for eSANCHIT

Circular No. 14/2019-Customs (03/06/2019)

ICEGATE has now introduced simplified auto registration for IEC holders based on the email ids already provided by them for registration under GST. Detailed advisory on the same has been placed on the ICEGATE web portal. The simplified procedure does away with the requirement of the digital signature. Circular No. 14/2019-Customs F.No. 45...

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Implementation of PGA eSANCHIT -Paperless Processing under SWIFT

Circular No. 13/2019-Customs (03/06/2019)

Importers/exporters/customs brokers would not be allowed to upload the previously issued LPCOs on eSANCHIT e.f. 01/07/2019. Further PGAs are required to upload the LPCOs issued by them during the last 15 days from the above cut-off date. Any LPCOs issued on a prior date may also be uploaded by the PGAs on eSANCHIT, in order […]...

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Registration of Multimodal Transport Operator (MTO)

Registration Process of Multi modal transport operator. Transportation is an integral part of delivering goods from suppliers to customers. Every Company, Firm or Proprietary Concern, either engaged in the business of Shipping, or freight forwarding in India or abroad need to get registered under the Multimodal Transportation of Goods Act...

Read More
Posted Under: Custom Duty |

Exchange Rates Notification No. 39/2019-Custom (NT) dated 31.05.2019

Notification No. 39/2019 - Customs (N.T.) (31/05/2019)

Notification No. 39/2019 - Customs (N.T.)- CBEC hereby makes the following amendments in the Central Board of Indirect Taxes and Customs Notification No.37/2019-CUSTOMS (N.T.), dated 16th May, 2019 with effect from 1st June, 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 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.