Custom Duty
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Customs Tariff Values for Oils, Brass Scrap, Gold, Silver & Areca Nuts from 16 Sep 2026
CBIC Marks 10 Years of AEO Programme and Outlines Roadmap for Trusted Trade
Anti-Dumping Duty Under Notification 73/2021 Extended to March 2027
Seized Currency Is a ‘Thing’ Under Customs Act Section 110(3): Madras HC
CESTAT Upholds 200% Duty on Pakistani-Origin Brass Scrap and Allows Re-Export
Chennai Air Cargo Streamlines Section 49 Storage Facility
Chennai Customs Excludes Specified Import Containers From Scanning
DRI Seizes Around 41 kg Foreign-Origin Gold Worth Rs. 62 Crore in Six Pan-India Operations; 24 Arrested
Delhi HC Refuses Unconditional Release of Gold Chain Amid Customs Dispute & 938-Day Delay
Bombay HC Orders Release of Roasted Areca Nuts Without Bank Guarantee
Later Customs Amendment Cannot Govern Earlier Bill of Lading Imports: Madras HC
Delayed Writ Against Appealable Gold Confiscation Order Dismissed: Delhi HC
Address Change Non-Intimation Cannot Justify Customs Broker Licence Revocation: CESTAT Delhi
Customs Broker Entitled to Cross-Examine Relied-Upon Witnesses: Delhi HC
Latest Custom Duty News
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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.
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