Custom Duty

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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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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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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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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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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CBIC notifies Rate of Exchange of Foreign Currencies wef 19.04.2019

Notification No. 32/2019-Customs (N.T.) - (18/04/2019) - Customs Rate of Exchange of Foreign Currency Conversion wef 19th April, 2019 notified vide Notification No. 32/2019–Customs (N.T.) dated 18th April, 2019....

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Notification No. 19/2019-Customs (ADD) Dated: 16th April, 2019

Notification No. 19/2019-Customs (ADD) [G.S.R. 309(E)] - (16/04/2019) - Seeks to rescind anti-dumping duty notification No. 39/2018-Customs (ADD) dated 20.08.2018, in pursuance with sunset review final findings issued by the DGTR. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 19/2019-Customs (ADD) New Delhi, the 16th April, 2019 G.S.R. 3...

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Tariff Notification No. 31/2019-Customs (N.T.) dated 15th April, 2019

Notification No. 31/2019-Customs (N.T.) [S.O. 1594(E)] - (15/04/2019) - Tariff Notification No. 31/2019-Customs (N.T.) dated 15th April, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver – Reg. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs)...

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Extension of Custom duty exemption on Light Combat Aircraft Programme

Notification No. 12/2019-Customs - (11/04/2019) - CBIC amends notification No. 39/96-Customs dated 23.07.1996 so as to extend the exemption provided to the Light Combat Aircraft Programme of the Ministry of Defence till 31.06.2019 vide Notification No. 12/2019-Customs Dated 11th April, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Re...

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Anti-dumping duty on ductile iron pipes extended till 09.05.2019

Notification No. 18/2019-Customs (ADD) - (10/04/2019) - Notification No. 18/2019-Customs (ADD)- Seeks to amend notification No. 23/2013-Customs(ADD), dated the 10th October, 2013 to extend the anti-dumping duty on ductile iron pipes originating in, or exported from China PR till 9th May, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenu...

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Recent Posts in "Custom Duty"

CBIC notifies Rate of Exchange of Foreign Currencies wef 19.04.2019

Notification No. 32/2019-Customs (N.T.) (18/04/2019)

Customs Rate of Exchange of Foreign Currency Conversion wef 19th April, 2019 notified vide Notification No. 32/2019–Customs (N.T.) dated 18th April, 2019....

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Notification No. 19/2019-Customs (ADD) Dated: 16th April, 2019

Notification No. 19/2019-Customs (ADD) [G.S.R. 309(E)] (16/04/2019)

Seeks to rescind anti-dumping duty notification No. 39/2018-Customs (ADD) dated 20.08.2018, in pursuance with sunset review final findings issued by the DGTR. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 19/2019-Customs (ADD) New Delhi, the 16th April, 2019 G.S.R. 309(E).- In exercise of the powers confer...

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Tariff Notification No. 31/2019-Customs (N.T.) dated 15th April, 2019

Notification No. 31/2019-Customs (N.T.) [S.O. 1594(E)] (15/04/2019)

Tariff Notification No. 31/2019-Customs (N.T.) dated 15th April, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver – Reg. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 31/2019-CUSTOMS (N.T.)...

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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 refunded along with applicable interest....

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Extension of Custom duty exemption on Light Combat Aircraft Programme

Notification No. 12/2019-Customs (11/04/2019)

CBIC amends notification No. 39/96-Customs dated 23.07.1996 so as to extend the exemption provided to the Light Combat Aircraft Programme of the Ministry of Defence till 31.06.2019 vide Notification No. 12/2019-Customs Dated 11th April, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2019-Customs ...

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Anti-dumping duty on ductile iron pipes extended till 09.05.2019

Notification No. 18/2019-Customs (ADD) (10/04/2019)

Notification No. 18/2019-Customs (ADD)- Seeks to amend notification No. 23/2013-Customs(ADD), dated the 10th October, 2013 to extend the anti-dumping duty on ductile iron pipes originating in, or exported from China PR till 9th May, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 18/2019-Customs (ADD...

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Phasing out of physical copies of MEIS/SEIS Duty Credit Scrips

Circular No. 11/2019-Customs (09/04/2019)

Circular No. 11/2019-Customs- Phasing out of physical copies of Merchandise Exports from India Scheme (MEIS)/Services Exports from India Scheme (SEIS) Duty Credit Scrips issued with EDI port as Port of registration...

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Anti-dumping duty on Cast Aluminium Alloy Wheels or Alloy Road Wheels

Notification No. 17/2019-Customs (ADD) [G.S.R. 296(E)] (09/04/2019)

Notification No. 17/2019-Customs (ADD)- Seeks to impose definitive anti-dumping duty on Cast Aluminium Alloy Wheels or Alloy Road Wheels used in Motor Vehicles originating in or exported from China PR, Korea RP and Thailand. MINISTRY OF FINANCE (Department of Revenue) Notification No. 17/2019-Customs (ADD) New Delhi, the 9th April, 2019 G...

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Notification No. 16/2019-Customs (ADD), Dated: 09.04.2019

Notification No. 16/2019-Customs (ADD) [G.S.R. 295(E)] (09/04/2019)

Seeks to rescind notification No. 21/2015-Customs(ADD), dated the 22nd May, 2015 MINISTRY OF FINANCE (Department of Revenue) Notification No. 16/2019-Customs (ADD) New Delhi, the 9th April, 2019 G.S.R. 295(E).—In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) read ...

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Customs Rate of Exchange of Foreign Currency wef 05.04.2019

Notification No. 30/2019-Customs (N.T.) (04/04/2019)

Customs Rate of Exchange of Foreign Currency Conversion wef 5.4.2019 notified vide Notification No. 30/2019–Customs (N.T.) dated 4th April, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 30/2019–Customs (N.T.) New Delhi, dated the 4th April, 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.

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