Custom Duty
Log in to FollowCustom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
DEPB Benefit Cannot Be Denied to Innocent Transferee Importer: CESTAT Chennai
Customs Duty Exemption on Raw Cotton Extended till 31 Dec 2025
SCN issued by DRI officer in drawback matter is jurisdictionally valid
CESTAT Remands SAD Refund Due to Incomplete CA Certificate
CESTAT Sets Aside Penalty for Customs Broker Membership Delay
Customs Rules on Gifts & Personal Imports Explained
CESTAT Lacks Jurisdiction U/s. 129A of Customs Act in Gold Smuggling Case
Waiver of demurrage not permissible without a seizure, detention, or confiscation
Madras HC Directs Customs to Decide on Return of Seized Currency After Hearing
Madras HC Dismisses Writ Against Revocation of Customs Broker Licence
Order revoking Customs Broker License quashed as time limit under regulation 17 not adhered
Customs Mandates BIS Registration Checks for Imports
Expired Bank Guarantees could not be enforced belatedly through a writ petition
Customs Revises Duty Drawback Rates for Gold & Silver Jewellery/Articles
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.
