Custom Duty

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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Exemption Notifications must be interpreted strictly: The Supreme Court Constitution Bench Judgment

SC in Constitution Bench of Five Judges judgment in the case of Commissioner of Customs (Import) Mumbai Vs. M/s Dilip Kumar and Company and Ors has held that the benefit of ambiguity in exemption notification (which is subject to strict interpretation) cannot be claimed by the subject/assessee and it must be interpreted in favour of the r...

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Simplified processing of AEO-T1 application & Documentation

PROCESSING OF ACCREDITATION OF AEO-T1 SIMPLIFIED In terms of Customs circular 33/2016 dated 22.07.2016 as amended by the Circular No. 3/2018- Customs dated January 17, 2018 & Circular No. 26/2018- Customs dated 10th August 2018 processing of AEO-T1 application is simplified. ANNEXURE REQUIRED FOR AEO-T1 APPLICATION AS PER OLD CIRCULAR...

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Complete Provisions of Seizure and Confiscation under Customs Act, 1962

Confiscation means lawfully seize of illegal import of prohibited goods into India and seize of conveyance in Indian Customs water for concealing of exported goods or carrying smuggling of any goods. Confiscations of goods or conveyance are two ways by which a Customs officer can exercise his statutory power as provided under Customs Act....

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India’s Trading Across Borders ranking Jumps to 80 from 146

The rank in Trading Across Borders has taken a quantum leap from 146 to 80 in the Doing Business report released by World Bank today. Among the 11 parameters based on which the rankings are determined and which include indices like Starting a Business, Getting Electricity...

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Unprecedented tax reforms by Indian Customs

INDIAN CUSTOMS- UNPRECEDENTED TAX REFORM- Enhanced Ease of Doing Business- Indian Customs has taken a series of measures to simplify Customs processes and procedures during the last few years....

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CBI Arrests an Assistant Commissioner of Customs in a Bribery Case

The Central Bureau of Investigation has arrested an Assistant Commissioner of Customs, Air Cargo Complex, Andheri, Mumbai for demanding & accepting a bribe of Rs.2000/- from the complainant. A case was registered against an Assistant Commissioner of Customs and an Appraiser, Air Cargo Complex, U/s 120-B of IPC and Section 7 of PC Act,...

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CBI arrests 19, including customs officials for bribery & smuggling

The Central Bureau of Investigation has arrested 19 accused (6 Customs official & 13 private persons) including an Assistant Commissioner, Superintendents, Inspectors, private persons(including Sri Lankan Nationals) in a case related to alleged bribery and smuggling of goods....

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Anti-dumping Duty on import of Specified Stainless Steel Products

Anti-dumping Duty on the import of Specified Stainless Steel Products for providing relief to the Domestic Steel Industry The Government has imposed Anti- Dumping Duties on imports of specified Stainless-Steel Products vide: i. Notification No 61/2015- Customs (ADD) dated 11.12.2015 on imports of Cold Rolled Flat Products of Stainless Ste...

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Highly technical equipment cannot be differentiated into smaller parts

Hindustan Aeronaurics ltd Vs Commissioner of Customs (CESTAT Bangalore) - Hindustan Aeronaurics Ltd Vs Commissioner of Customs (CESTAT Bangalore) It is evident by the submissions of the appellant that the impugned part is not only a mere sting or wire or rope but is part of A90B100 which consists of other units. It was not correct on the part of the department to isolat...

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Customs Duty payable on Amazon Kindle as it is not a Dictionary

Union Of India & Anr Vs Amazon Seller Services Pvt. Ltd. (Delhi High Court) - Union Of India & Anr Vs Amazon Seller Services Pvt. Ltd. (Delhi High Court) 27. In the present case, the exemption notification was to allow import of ―electrical machines with translation or dictionary functions” at nil rate of duty. In whatever manner we interpret the said words the in...

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Employees can’t be Penalized if they are not benefitted by any act of Duty Evasion by Company

M/s Global Cambay Marine Service Pvt Ltd Vs C.C. (CESTAT Ahmedabad) - Employee do not have knowledge or reason to belief that goods are liable to confiscation under Section 111 of Customs Act, 1962, the penalty is not imposable on employee. ...

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Customs officers have no jurisdiction to seize goods in SEZ

Shri Imran Ahmed Vs Commissioner of Customs (CESTAT Allahabad) - We hold that the Customs officers have no jurisdiction on the appellant to seize the goods in S.E.Z. area therefore seizure of the goods in question is set aside. Consequently, no demand can be confirmed against the appellants. Therefore the confiscation of the impugned goods is also set aside....

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Additional Director of Directorate of Revenue Intelligence not entitled to invoke Section 124 of Customs Act, 1962

Navneet Kumar Vs.Union of India & Ors. (Calcutta High Court) - Navneet Kumar Vs.Union of India & Ors. (Calcutta High Court) Additional Director General of the Directorate of Revenue Intelligence has no jurisdiction to invoke the provisions of Section 124 of the Customs Act, 1962. A notice to show cause can be issued under Section 124 of the Act of 1962 by t...

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Manual filing & processing of AEO T1 applications up to 31.03.2019

Circular No. 51/2018- Customs - (07/12/2018) - For ensuring seamless transition to the online web-application, it has been decided to concurrently continue with the manual filing and processing of AEO T1 applications up to 31.03.2019....

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Notification No. 97/2018- Customs (N.T.) Dated 07th December, 2018

Notification No. 97/2018- Customs (N.T.) - (07/12/2018) - Amendment to Notification no. 62/94-Customs (N.T.) dated 21.11.1994 notifying Port Meadow u/s 7(a) of Customs Act, 1962 for unloading of imported goods and loading of export goods or any class of goods. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 97/2018- Customs...

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Customs Rate of Exchange of Foreign Currency wef 07.12.2018

Notification No. 96/2018-Customs (N.T.) - (06/12/2018) - Customs Rate of Exchange of Foreign Currency Conversion wef 07.12.2018 notified vide Notification No. 96/2018 – Customs (N.T.) dated 6th December, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 96/2018-Cust...

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Revised All Industry Duty Drawback Rates applicable from 19 Dec. 2018

Notification No. 95/2018-CUSTOMS (N.T.) - (06/12/2018) - CBIC notifies Revised All Industry Duty Drawback Rates Schedule applicable w.e.f. 19 Dec. 2018, vide Notification No. 95/2018 Customs (NT) dt. 6 Dec. 2018 Government Of India Ministry Of Finance (Department Of Revenue) Notification No. 95/2018-CUSTOMS (N.T.) New Delhi, the 6 December, 2018 G.S.R. (E...

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Clarification on Customs & Central Excise notifications related to EOUs

Circular No. 50/2018-Customs - (06/12/2018) - EOU/EHTP/STP/BTP schemes are governed by Chapter 6 of Foreign Trade Policy (FTP), duly supported by the relevant Customs and Central Excise notifications. These notifications have now been amended in order to align them with the present Foreign Trade Policy (FTP), 2015-2020, as amended...

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Recent Posts in "Custom Duty"

Manual filing & processing of AEO T1 applications up to 31.03.2019

Circular No. 51/2018- Customs (07/12/2018)

For ensuring seamless transition to the online web-application, it has been decided to concurrently continue with the manual filing and processing of AEO T1 applications up to 31.03.2019....

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Notification No. 97/2018- Customs (N.T.) Dated 07th December, 2018

Notification No. 97/2018- Customs (N.T.) (07/12/2018)

Amendment to Notification no. 62/94-Customs (N.T.) dated 21.11.1994 notifying Port Meadow u/s 7(a) of Customs Act, 1962 for unloading of imported goods and loading of export goods or any class of goods. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 97/2018- Customs (N.T.) New Delhi, the 07th December, 2...

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Customs Rate of Exchange of Foreign Currency wef 07.12.2018

Notification No. 96/2018-Customs (N.T.) (06/12/2018)

Customs Rate of Exchange of Foreign Currency Conversion wef 07.12.2018 notified vide Notification No. 96/2018 – Customs (N.T.) dated 6th December, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 96/2018-Customs (N.T.) New Delhi, dated the 6th Dece...

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Revised All Industry Duty Drawback Rates applicable from 19 Dec. 2018

Notification No. 95/2018-CUSTOMS (N.T.) (06/12/2018)

CBIC notifies Revised All Industry Duty Drawback Rates Schedule applicable w.e.f. 19 Dec. 2018, vide Notification No. 95/2018 Customs (NT) dt. 6 Dec. 2018 Government Of India Ministry Of Finance (Department Of Revenue) Notification No. 95/2018-CUSTOMS (N.T.) New Delhi, the 6 December, 2018 G.S.R. (E). – In exercise of the powers conferr...

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Clarification on Customs & Central Excise notifications related to EOUs

Circular No. 50/2018-Customs (06/12/2018)

EOU/EHTP/STP/BTP schemes are governed by Chapter 6 of Foreign Trade Policy (FTP), duly supported by the relevant Customs and Central Excise notifications. These notifications have now been amended in order to align them with the present Foreign Trade Policy (FTP), 2015-2020, as amended...

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Notification No. 79/2018-Customs Dated 05/12/2018

Notification No. 79/2018-Customs (05/12/2018)

Amendment to notification no. 52/2003-Customs dated 31.03.2003 -reg. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 79/2018-Customs New Delhi, the 5th December, 2018 G.S.R. (E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Cust...

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Anti-dumping duty on imports of Uncoated Copier Paper

Notification No. 56/2018-Customs (ADD) (04/12/2018)

CBIC Seeks to levy definitive anti-dumping duty on the imports of Uncoated Copier Paper originating in or exported from Indonesia, Thailand and Singapore vide Notification No. 56/2018-Customs (ADD) dated 4th December, 2018....

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How to dispose un-claimed/un-cleared cargo lying with custodians

Circular No. 49/2018-Customs (03/12/2018)

Following procedure with regard to expeditious disposal of un-cla imed/un-cleared cargo lying with custodians, whether in the private or public sector, under section 48 of the Customs Act, 1962, is prescribed...

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Procedure for movement of goods under TIR Carnets

Circular No. 48/2018 –Customs (03/12/2018)

TIR Carnet opened in the country of departure serves as a Customs control document in the countries of departure, transit and destination. It also serves as proof of the existence of an international guarantee for the goods transported under the Carnet. ...

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Tariff Notification No. 94/2018-Customs (N.T.) Dated: 30.11.2018

Notification No. 94/2018-Customs (N.T.) [S.O. 5880(E)] (30/11/2018)

Tariff Notification No. 94/2018-Customs (N.T.) Dated:- 30.11.2018 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver ...

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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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