Custom Duty

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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Continue to be EOU & STPI (Exit is Costlier)

Government is giving focus on EOU Scheme and therefore EOU Scheme has been liberalized. There is no requirement of warehousing and also procedural matter has been simplified. Domestic procurement for EOU is kept at par with domestic unit and EOU units are allowed to import duty free by following the procedure under Import of Concessional ...

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RFID: A Disruptive Technology in Asset Identification & Tracking Revolutionizing Supply Chain Functions

Rapid identification technologies have led to a better handling of raw materials / inputs and finished products in the Supply Chain.  In the past few years Radio Frequency Identification (RFID) has grown to be one of the most popular technologies in the area of identification systems and today it’s a disruptive technology in Asset Iden...

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Authorized Economic Operator (AEO) A Privileged Certification for Exporters & Importers

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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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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CBIC to notify WON and TRY in list of currencies for exchange rate

Under section 14 of the Customs Act, 1962, Central Board of Indirect Taxes and Customs (CBIC) notifies the rate of exchange for the purpose of conversion of foreign exchange to Indian Rupees and vice versa for assessment of imports & exports....

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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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CESTAT upholds Penalty on CHA Company & Director for not following KYC Norms

HLPL Global Logistics Pvt. Ltd. Vs CC, New Delhi (CESTAT Delhi) - HLPL Global Logistics Pvt. Ltd. Vs CC, New Delhi (CESTAT Delhi) We are in agreement with the finding of the ld. Adjudicating authority that CHA helps not properly verified the functioning of the client from at the declared address by using reliable independent and authenticate documents. This was a ...

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File tax appeals before the bench allotted to district where dispute arose

Dixons Cargo Consolidators Pvt. Ltd. Vs Commissioner of Customs (High Court Bombay) - Dixons Cargo Consolidators Pvt. Ltd. Vs Commissioner Of Customs (High Court Bombay) The impugned orders passed by the Tribunal in excise appeals before us relate to and arise out of disputes relating to manufacture of excisable goods which have taken place at Nagpur. Therefore, the Excise Appeal No...

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Goods cannot be treated as Smuggled for mere non-maintenance of books

Union of India Vs Imtiaz Iqbal Pothiwala (Bombay High Court) - UOI Vs Imtiaz Iqbal Pothiwala (Bombay High Court) We are of the view that in the absence of evidence in the form of regular Books of Account, Registration under the Income Tax and Sales Tax, etc., cannot ispo­facto lead to the conclusion that the seized gold bars, are smuggled gold bars. These ma...

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AO cannot reject transaction value declared in Bills of Entry without giving reasons: SC

Commissioner Of Central Excise And Service Tax Vs M/S. Sanjivani Non-Ferrous Trading Pvt. Ltd. (Supreme Court of India) - Commissioner Of Central Excise And Service Tax Vs M/S. Sanjivani Non-Ferrous Trading Pvt. Ltd. (Supreme Court of India) Original Authority in its Order-in-Original dated 25/03/2015 passed comments on the ground of writ petition and did not properly examine the evidence available with the department ...

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Reg. amendment in notification related to AIRs of Duty Drawback

Notification No. 12/2019-Customs (N.T.) [G.S.R. 122(E)] - (16/02/2019) - Regarding amendment in notification No. 95/2018-Cus (N.T.) dated 06.12.2018 relating to AIRs of Duty Drawback MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 12/2019-CUSTOMS (N.T.) New Delhi, the 16th February, 2019 G.S.R. 122(E).—In exercise of the powers conferred by sub-section (2...

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India Imposes 200% Duty on Import from Pakistan

Notification No. 05/2019-Customs - (16/02/2019) - Govt. imposes 200 % Custom Duty on All goods originating in or exported from the Islamic Republic of Pakistan or Imported from Pakistan vide Notification No. 05/2019-Customs Dated: 16th February, 2019. seeks to insert tariff item 9806 00 00 in chapter 98 of the First schedule to Customs tariff act, ...

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Customs Rate of Exchange of South African Rand wef 16.02.2019

Notification No. 11/2019-Customs (N.T.) - (15/02/2019) - Customs Rate of Exchange of Conversion of South African Rand wef 16.02.2019 notified vide Notification No. 11/2019 – Customs (N.T.) dated 15th February, 2019....

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Tariff Notification No. 10/2019-Customs (N.T.), Dated: 15.02.2019

Notification No. 10/2019-Customs (N.T.) - (15/02/2019) - Tariff Notification No. 10/2019-CUSTOMS (N.T.) dated 15th February, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver ...

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Notification No. 11/2019-Customs (ADD) Dated: 12th February, 2019

Notification No. 11/2019-Customs (ADD) [G.S.R. 106(E)] - (12/02/2019) - Notification No. 11/2019-Customs (ADD) Central Government hereby rescinds the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 11/2013-Customs (ADD), dated the 16th May, 2013, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-se...

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Recent Posts in "Custom Duty"

Reg. amendment in notification related to AIRs of Duty Drawback

Notification No. 12/2019-Customs (N.T.) [G.S.R. 122(E)] (16/02/2019)

Regarding amendment in notification No. 95/2018-Cus (N.T.) dated 06.12.2018 relating to AIRs of Duty Drawback MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 12/2019-CUSTOMS (N.T.) New Delhi, the 16th February, 2019 G.S.R. 122(E).—In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962...

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India Imposes 200% Duty on Import from Pakistan

Notification No. 05/2019-Customs (16/02/2019)

Govt. imposes 200 % Custom Duty on All goods originating in or exported from the Islamic Republic of Pakistan or Imported from Pakistan vide Notification No. 05/2019-Customs Dated: 16th February, 2019. seeks to insert tariff item 9806 00 00 in chapter 98 of the First schedule to Customs tariff act, 1975 to impose basic customs […]...

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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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Posted Under: Custom Duty |

Customs Rate of Exchange of South African Rand wef 16.02.2019

Notification No. 11/2019-Customs (N.T.) (15/02/2019)

Customs Rate of Exchange of Conversion of South African Rand wef 16.02.2019 notified vide Notification No. 11/2019 – Customs (N.T.) dated 15th February, 2019....

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Tariff Notification No. 10/2019-Customs (N.T.), Dated: 15.02.2019

Notification No. 10/2019-Customs (N.T.) (15/02/2019)

Tariff Notification No. 10/2019-CUSTOMS (N.T.) dated 15th February, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver ...

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Notification No. 11/2019-Customs (ADD) Dated: 12th February, 2019

Notification No. 11/2019-Customs (ADD) [G.S.R. 106(E)] (12/02/2019)

Notification No. 11/2019-Customs (ADD) Central Government hereby rescinds the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 11/2013-Customs (ADD), dated the 16th May, 2013, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 318(E), dat...

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Notification No. 10/2019-Customs (ADD) Dated: 12th February, 2019

Notification No. 10/2019-Customs (ADD) (12/02/2019)

Notification No. 10/2019-Customs (ADD)- Seeks to amend notification No. 35/2018-Customs (ADD) dated 9th July, 2018 to amend the name of exporters at S. Nos. 1 and 2 of the duty table....

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Notification No. 9/2019-Customs (ADD) Dated: 12.02.2019

Notification No. 9/2019-Customs (ADD) [G.S.R. 104(E)] (12/02/2019)

Seeks to amend notification No. 52/2017- Customs (ADD) dated 24.10.2017 Government of India Ministry of Finance (Department of Revenue) Notification No. 9/2019-Customs (ADD) New Delhi, the 12th February, 2019 G.S.R. 104(E).- In exercise of the powers conferred by sub-sections (1), (1A) and (5) of section 9A of the Customs Tariff Act,1975...

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Notification No. 8/2019-Customs (ADD) Dated 12th February, 2019

Notification No. 8/2019-Customs (ADD) [G.S.R. 103(E)] (12/02/2019)

Central Government, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 61/2015- Customs (ADD), dated the 11th December, 2015, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 955(E), dated the...

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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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Posted Under: Custom Duty |

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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