Custom Duty

Warehousing / Bonded Movement under Customs Act, 1962 & Provisional Assessment

In This Article, We Will analyse various Provisions of Custom Laws in context to ‘Custom Bonded Warehousing, Warehousing/bonded movement under the Custom Act 1962, Provisional Assessment of duty, Claim of refund of customs duty, Procedures of clearance of goods for Home consumption, warehousing bond, Manufacture and other operation ...

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Principle of unjust enrichment not applicable to pre-deposit made under protest during pendency of appeal

Amount deposited during the pendency of the appeals before the Hon’ble Supreme Court has to be construed as having paid under protest and has to be refunded without insisting on such importer or manufacturer satisfying the requirement of unjust enrichment as in the case of pre deposit....

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Waste Paper Import-End Use Certificate Ends

The last budgetary changes, one leap ahead on the path of ease of doing business, has brought much needed respite to the importer of recovered waste paper by switching over from tedious practice of submission of utilization certificates in the form of End Use Certificates to trust based and self-regulated compliance. In this expatiation b...

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Agriculture Infrastructure & Development Cess- Implementation Challenges

In last budget proposals, Clause 115(1) of the Finance Bill,2021 has introduced Agriculture Infrastructure and Development Cess (in short ‘AIDC’) on the goods specified in the first schedule to Customs Tariff Act, 1975  on being imported into India. Further, in clause wise explanation in the Memorandum, it has been clarified ...

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Exhaustive Analysis of Custom Duty Changes- Budget 2021

Article explains Changes in Custom duty proposed/carried out by Union Budget 2021 and explains Amendment in the Custom Act, 1962, Amendments in Customs Tariff Act, 1975, Amendments In First Schedule To Customs Tariff Act, 1975, Changes In Customs Rules, Other Proposals Involving Changes In Basic Customs Duty Rates In Respective Notificati...

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CRCL gets recognised as a RCL of World Customs Organisation

Ministry of Finance Central Revenues Control Laboratory gets recognised as a Regional Customs Laboratory (RCL) of the World Customs Organisation Posted On: 02 MAR 2021 Central Revenues Control Laboratory (CRCL), New Delhi, under the Central Board of Indirect Taxes & Customs, was today recognized as a Regional Customs Laboratory (RCL) ...

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CBI Arrests an Assistant Commissioner and a Superintendent, both of Customs

The Central Bureau of Investigation has arrested an Assistant Commissioner and a Superintendent, both of Customs Department, Mumbai in an alleged bribery case....

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CBIC provides facilitation for exporters having IGST refund issues

CBIC has extended the time limit for sanction of pending IGST refunds in such cases where records have not been transmitted to ICEGATE due to GSTR1 and GSTR3B mismatch error....

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Import duty on copper scrap reduced from 5% to 2.5%

Reduction of import duty on copper scrap from 5% to 2.5% announced in Union Budget 2021-22 to boost recycling of copper in the country. This will have social, environmental and economic benefits and also has employment generation potential....

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CBI Registers Case against 2 Then Superintendents of Customs

It was further alleged that the private persons in connivance with 02 then Superintendents of Customs, had indulged in smuggling of gold chains, gold bars and other goods in commercial quantities running into crores of rupees through SVP International Airport, Ahmadabad....

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Related person influence evidence required before review of declared price

Hanil Automotive India Pvt.Ltd. Vs Commissioner of Customs-III (CESTAT Chennai) - Hanil Automotive India Pvt.Ltd. Vs Commissioner of Customs-III (CESTAT Chennai) The CESTAT Chennai has held that the declared prices cannot be reviewed without any evidence to the effect that the relation between the appellant and the foreign supplier has influenced the declared price or to the effe...

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Regulation 10(n) of Customs Brokers Licensing Regulations not mandates physical verification

Transpeed Logistics Pvt. Ltd. Vs Commissioner of Customs (CESTAT Delhi) - Transpeed Logistics Pvt. Ltd. Vs Commissioner of Customs (CESTAT Delhi) Regulation 10(n) of Customs Brokers Licensing Regulations, 2018 requires the Customs Broker to verify the correctness of Importer/Exporter Code Number, Service Tax Identification Number, identity card of the client and functioni...

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Fruit pulp or fruit juice based drinks classifiable under CTH 22029920

Commissioner of Customs (Prev.) Vs Anutham Exim Private Limited (CESTAT Kolkata) - The goods imported by assessee, such as, Big Cola, Big Orange Cola, Big Lemon etc., which they described as 'carbonated beverage with fruit juice' were neither carbonated beverage alone nor fruit juice alone gave the essential character of the products in question; both contribute to its essential c...

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Denial of IGST refund for availing Drawback: HC directs Commissioner to dispose IGST refund claim

Asian Organo Industries Vs Principal Commissoner of Customs (High Court Gujarat) - Asian Organo Industries Vs Principal Commissioner of Customs (High Court Gujarat) The writ applicant claims that it is eligible for the IGST refund claim on the basis of the shipping bills i.e. on the export of goods. According to the writ applicant, the shipping bills filed by an exporter of the go...

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Dual payment was allowable to be refunded as State not expected to get unduly enriched by inadvertent payments of money

Seahorse Ship Agencies Pvt. Ltd. Vs Union of India (High Court of Kerala) - If assessee calculated Light Dues in respect of the Vessel correctly and remitted the correct amount, then Section 19 of the Act, 1927 could not be resorted to withhold an erroneous double payment or dual payment made by a citizen due to a system error or failure.  The State was not expected to get...

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Anti-Dumping Duty on Imports of ‘Black Toner In Powder Form’

Notification No. 12/2021-Customs (ADD) [G.S.R. 153(E).] - (05/03/2021) - Seeks To Impose Anti-Dumping Duty On Imports Of ‘Black Toner In Powder Form’ Originating In Or Exported From China PR, Malaysia, And Chinese Teipei For A Period of 5 Years From The Date of Imposition of Provisional ADD, I.E. From 10th August 2020. MINISTRY OF FINANCE (Department of Reven...

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Anti-dumping investigation on imports of Viscose Staple Fibre – Reg.

Case No. SSR-AD-03/2021 (Corrigendum) - (05/03/2021) - Case No. SSR-AD-03/2021 - Corrigendum to initiation notification issued in Sunset review anti-dumping investigation concerning imports of Viscose Staple Fibre originating in or exported from China PR and Indonesia....

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CBIC notifies river route of ‘Hoogly’ for Trade between India & Bangladesh

Notification No. 27/2021- Customs (N.T.) - (05/03/2021) - Notification in relation to Land Customs Stations and routes ‘the river route as per the Protocol on Inland Water Transit and Trade between India and Bangladesh connecting Tribeni (Bandel) in India to Bangladesh’ by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21s...

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CBIC Notifies Rate of Exchange of Foreign Currencies Wef 05.03.2021

Notification No. 26/2021 - Customs (N.T.) - (04/03/2021) - CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 5th March, 2021, vide Notification No. 26/2021-Customs (N.T.), Dated: 4th March, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 26...

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CVD/Anti-Subsidy Investigation Concerning Imports of Textured Tempered Glass- Reg.

F. No.6/13/2019-DGTR - (03/03/2021) - NOTIFICATION CORRIGENDUM Final Finding in Countervailing Duty/Anti-subsidy investigation concerning imports of Textured Tempered Glass whether Coated or Uncoated from Malaysia....

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Recent Posts in "Custom Duty"

Anti-Dumping Duty on Imports of ‘Black Toner In Powder Form’

Notification No. 12/2021-Customs (ADD) [G.S.R. 153(E).] (05/03/2021)

Seeks To Impose Anti-Dumping Duty On Imports Of ‘Black Toner In Powder Form’ Originating In Or Exported From China PR, Malaysia, And Chinese Teipei For A Period of 5 Years From The Date of Imposition of Provisional ADD, I.E. From 10th August 2020. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 5th March, 2021 [&hel...

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Anti-dumping investigation on imports of Viscose Staple Fibre – Reg.

Case No. SSR-AD-03/2021 (Corrigendum) (05/03/2021)

Case No. SSR-AD-03/2021 - Corrigendum to initiation notification issued in Sunset review anti-dumping investigation concerning imports of Viscose Staple Fibre originating in or exported from China PR and Indonesia....

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Related person influence evidence required before review of declared price

Hanil Automotive India Pvt.Ltd. Vs Commissioner of Customs-III (CESTAT Chennai)

Hanil Automotive India Pvt.Ltd. Vs Commissioner of Customs-III (CESTAT Chennai) The CESTAT Chennai has held that the declared prices cannot be reviewed without any evidence to the effect that the relation between the appellant and the foreign supplier has influenced the declared price or to the effect that there was a flow back of money [...

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CBIC notifies river route of ‘Hoogly’ for Trade between India & Bangladesh

Notification No. 27/2021- Customs (N.T.) (05/03/2021)

Notification in relation to Land Customs Stations and routes ‘the river route as per the Protocol on Inland Water Transit and Trade between India and Bangladesh connecting Tribeni (Bandel) in India to Bangladesh’ by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994.  GOVERNMENT OF INDIA ...

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CBIC Notifies Rate of Exchange of Foreign Currencies Wef 05.03.2021

Notification No. 26/2021 - Customs (N.T.) (04/03/2021)

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 5th March, 2021, vide Notification No. 26/2021-Customs (N.T.), Dated: 4th March, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 26/2021–Customs (N.T.) New Delhi, da...

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CVD/Anti-Subsidy Investigation Concerning Imports of Textured Tempered Glass- Reg.

F. No.6/13/2019-DGTR (03/03/2021)

NOTIFICATION CORRIGENDUM Final Finding in Countervailing Duty/Anti-subsidy investigation concerning imports of Textured Tempered Glass whether Coated or Uncoated from Malaysia....

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CVD/anti-subsidy duty rate for ‘Shandong Haohua Tire Co. Ltd.’- Reg.

Case No. NSR-01/2020 (04/03/2021)

Termination of New Shipper Review investigation for determination of individual countervailing/ anti-subsidy duty rate for M/s. Shandong Haohua Tire Co., Ltd., China PR (Producer) in the case of Anti-Subsidy duties imposed on New/Unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres), having n...

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Anti-Dumping duty on Phenol import from EU & Singapore extended till 07.06.2021

Notification No. 11/2021-Customs (ADD) (03/03/2021)

Seeks to further amend No. 6/2016-Customs (ADD), dated the 8th March, 2016 to extend the levy of Anti-Dumping duty on Phenol originating in or exported from European Union and Singapore, up to and inclusive of 7th June, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 3rd March, 2021 Notification No. 11/2021-Customs (ADD...

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CRCL gets recognised as a RCL of World Customs Organisation

Ministry of Finance Central Revenues Control Laboratory gets recognised as a Regional Customs Laboratory (RCL) of the World Customs Organisation Posted On: 02 MAR 2021 Central Revenues Control Laboratory (CRCL), New Delhi, under the Central Board of Indirect Taxes & Customs, was today recognized as a Regional Customs Laboratory (RCL) ...

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Posted Under: Custom Duty |

Sunset Review investigation concerning imports of Barium Carbonate

Case No.- AD-SSR 27/2020 (02/03/2021)

Case No.- AD-SSR 27/2020 Initiation of Sunset Review investigation concerning imports of Barium Carbonate originating in or exported from China PR-reg....

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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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