Custom Duty

Analysis of Manufacture and Other Operations in Warehouse (no. 2) Regulations, 2019

Central Board of Indirect Taxes and Customs (CBIC) has recently issued Notification  Notification 69/2019-Customs (N.T.) dated 01 October 2019. Please find below brief of the update for your reference. This notification has been issued to issue new regulation namely “Manufacture and Other Operations in Warehouse (no. 2) Regu...

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Authorized Economic Operator Programme

AEO is a voluntary programme. It enables Indian Customs to enhance and streamline cargo security through close cooperation with the principle stakeholders of the international supply chain viz. importers, exporters, logistics providers, custodians or terminal operators, custom brokers and warehouse operators. The Circular 33/2016 – Cust...

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Authorized Economic Operator (AEO)

About AEO AEO is a program under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate Global Trade. The programs aim is to enhance international supply chain security and facilitate movement of legitimate goods. AEO is a voluntary compliance program. It enables Indian Customs to enhance an...

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Direct Port Delivery (PDP) Scheme For Exim Clearances- Under Customs

CBIC has taken various steps which have had the impact of reducing the dwell time as well as bringing down the logistics cost of EXIM clearances. One of the flagship initiatives in this regard has been the Direct Port Delivery (DPD) of containers to the importers thus obviating the need of routing the clearance through […]...

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Budget 2018 – Proposed Changes in Customs Law

Changes in Budget ♠ Changes in Customs tariff ( Rates) -Make in India theme -Reduction in duty on raw materials -Increase in duty on finished goods ♠ Significant Changes in Legislative Changes in Customs Act, 1962 ♠ Changes in Customs tariff Act, 1975 Budgetary Changes Customs Duty Rates Customs Tariff: Notification No. 6/2018-Custo...

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CBIC and Customs launches scheme to attract investment and support Make in India programme

Central Board of Indirect Taxes and Customs has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India through manufacture and other operations under bond scheme, under Customs Act, 1962. Section 65 of the Customs Act, 1962 enables conduct of manufacture and other operations in a cus...

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CBI arrests an Appraising Officer of Customs in a bribery case

The Central Bureau of Investigation has arrested an Appraising officer, Duty Drawback Section, Air Cargo Complex, Mumbai for demanding and accepting a bribe of Rs.10,000/- from the complainant....

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Govt compulsorily retires 15 Senior Officers of Custom & Excise

Government of India compulsorily retires 15 Senior Officers of the Indian Revenue Service (C &CE) with immediate effect  In exercise of the powers conferred by Clause (j) of Rule 56 of the Fundamental Rules, the President of India has retired 15 officers of Indian Revenue Service (IRS)(C&CE) in public interest with immediate effe...

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CBI Arrests Preventive Officer of Customs in an On-Going Investigation of A DA Case

Central Bureau of Investigation CBI Arrests Preventive Officer of Customs in an On-Going Investigation of A Disproportionate Assets Case, and Recovers Rs.1,18,50,000/- The Central Bureau of Investigation has arrested a Preventive Officer of Customs, Goa in an on-going investigation of disproportionate assets case. His father (private pers...

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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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Refund claim not maintainable if no appeal filed against assessment order on Bill of Entry: SC

ITC Limited Vs Commissioner of Central Excise (Supreme Court of India) - ITC Limited Vs Commissioner of Central Excise (Supreme Court) As the order of self ­assessment is nonetheless an assessment order passed under the Act, obviously it would be appealable by any person aggrieved thereby. The expression ‘Any person’ is of wider amplitude. The revenue, as well a...

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Non-compliance with Section 50 of the NDPS Act, 1985

Sikodh Mahto Vs. State (Delhi High Court) - The Hon­­'ble High Court of Delhi vide Judgment dated 6th June, 2019 passed in Crl. A. No.660/2017 titled Sikodh Mahto vs. State and in  Crl No.698/2017 titled Prabhu  Mahto vs. State while quashing the order passed by Ld. Additional Sessions Judge, acquitted the appellants in case involving a...

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Govt can retain excess auction sale proceeds of confiscated goods: SC

Gillette India Ltd. Vs Commissioner of Customs & Ors. (Delhi High Court) - Under Sections 125 read with Section 126 of the Customs Act, 1962 where the redemption fine in lieu of confiscation is not paid within the time stipulated, the Central Government is entitled to retain the excess auction sale proceeds of the confiscated goods, after adjustment of the duty, penalty, i...

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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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Notification No. 58/2019-Customs (N.T./CAA/DRI) dated 21st October, 2019

Notification No. 58/2019-Customs (N.T./CAA/DRI) - (21/10/2019) - Regarding Appointment of CAA by DGRI  vide Notification No. 58/2019-Customs (N.T./CAA/DRI) dated the 21st October, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 58/2019-Customs (...

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Notification No. 77/2019-Customs (N.T.) dated: 18th October, 2019

Notification No. 77/2019- Customs (N.T.) [S.O. 3753(E)] - (18/10/2019) - Road from Nongjri (Barapunji), East Khasi Hills District, Meghalaya, to Kalairag (Bangladesh) between BP No. 1251/11-S-12-S GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 77/2019- Customs (N.T.) New Delhi, the 18th October, 2019 26 Aswina, Saka 1941 S.O. 3753(E). ...

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CBIC notifies Rate of Exchange of Foreign Currencies wef 18.10.2019

Notification No. 76/2019-Customs (N.T.) - (17/10/2019) - Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 18th October, 2019 notified vide Notification No. 76/2019–Customs (N.T.) dated 17thOctober, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 76/2...

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Notification No. 57/2019-Customs (N.T./CAA/DRI), Dated: 16.10.2019

Notification No. 57/2019-Customs (N.T./CAA/DRI) [S.O. 3724(E)] - (16/10/2019) - Appointment of CAA by DGRI – Notification No. 57/2019-Customs (N.T./CAA/DRI), Dated: 16.10.2019 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 57/2019-Customs (N.T./CAA/DRI) New De...

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Tariff Notification No. 75/2019-Customs (N.T.), Dated: 15.10.2019

Notification No. 75/2019-Customs (N.T.) - (15/10/2019) - Tariff Notification No. 75/2019-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 75/2019-CUSTO...

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Recent Posts in "Custom Duty"

Notification No. 58/2019-Customs (N.T./CAA/DRI) dated 21st October, 2019

Notification No. 58/2019-Customs (N.T./CAA/DRI) (21/10/2019)

Regarding Appointment of CAA by DGRI  vide Notification No. 58/2019-Customs (N.T./CAA/DRI) dated the 21st October, 2019. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 58/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 21st ...

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Notification No. 77/2019-Customs (N.T.) dated: 18th October, 2019

Notification No. 77/2019- Customs (N.T.) [S.O. 3753(E)] (18/10/2019)

Road from Nongjri (Barapunji), East Khasi Hills District, Meghalaya, to Kalairag (Bangladesh) between BP No. 1251/11-S-12-S GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 77/2019- Customs (N.T.) New Delhi, the 18th October, 2019 26 Aswina, Saka 1941 S.O. 3753(E). – In exercise of the powers conferred by...

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CBIC notifies Rate of Exchange of Foreign Currencies wef 18.10.2019

Notification No. 76/2019-Customs (N.T.) (17/10/2019)

Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 18th October, 2019 notified vide Notification No. 76/2019–Customs (N.T.) dated 17thOctober, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 76/2019–Customs (N.T.) New Delhi, date...

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Notification No. 57/2019-Customs (N.T./CAA/DRI), Dated: 16.10.2019

Notification No. 57/2019-Customs (N.T./CAA/DRI) [S.O. 3724(E)] (16/10/2019)

Appointment of CAA by DGRI – Notification No. 57/2019-Customs (N.T./CAA/DRI), Dated: 16.10.2019 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 57/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 16th October, 2019 S.O. 3...

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CBIC and Customs launches scheme to attract investment and support Make in India programme

Central Board of Indirect Taxes and Customs has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India through manufacture and other operations under bond scheme, under Customs Act, 1962. Section 65 of the Customs Act, 1962 enables conduct of manufacture and other operations in a cus...

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Posted Under: Custom Duty |

Tariff Notification No. 75/2019-Customs (N.T.), Dated: 15.10.2019

Notification No. 75/2019-Customs (N.T.) (15/10/2019)

Tariff Notification No. 75/2019-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 75/2019-CUSTOMS (N.T.) New Delhi, 15th October, 2019 ...

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Reg. Anti-dumping duty on imports of Flat rolled product of steel

Notification No. 40/2019-Customs (ADD) [G.S.R. 786 (E)] (16/10/2019)

Seeks to impose anti-dumping duty on imports of Flat rolled product of steel, plated or coated with alloy of Aluminium and Zinc originating in, or exported from China PR, Vietnam and Korea RP. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 40/2019-CUSTOMS (ADD) New Delhi, the 15th October, 2019 G.S.R. 786...

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Analysis of Manufacture and Other Operations in Warehouse (no. 2) Regulations, 2019

Central Board of Indirect Taxes and Customs (CBIC) has recently issued Notification  Notification 69/2019-Customs (N.T.) dated 01 October 2019. Please find below brief of the update for your reference. This notification has been issued to issue new regulation namely “Manufacture and Other Operations in Warehouse (no. 2) Regu...

Read More
Posted Under: Custom Duty |

Notification No. 56/2019-Customs (N.T./CAA/DRI), Dated : 04.10.2019

Notification No. 56/2019-Customs (N.T./CAA/DRI) [S.O. 3718(E)] (16/10/2019)

Notification No. 56/2019-Customs (N.T./CAA/DRI), Dated : 04.10.2019 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 56/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 14th October, 2019 S.O. 3718(E). – In pursuance of no...

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Reg. inclusion of cesses, surcharge, duties in Brand Rate of duty drawback

Instruction No. 04/2019-Customs (11/10/2019)

CBIC Clarification regarding inclusion of cesses, surcharge, duties, etc. levied and collected under legislations other than Customs Act, 1962, Customs Tariff Act, 1975 or Central Excise Act, 1944 in Brand Rate of duty drawback....

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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.