Custom Duty
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Suspension order of CFS license directed to reconsider due to unblemished track record
Anti-dumping duty not leviable as no evidence established supply of goods from China routed via Taiwan
No rejection in Transaction value by invoking rule 10A of Valuation Rules without revealing evidence of undervaluation
No penalty u/s. 114 of Customs Act in absence of confiscation of goods: CESTAT Delhi
Penalty u/s. 114 of Customs Act deleted as confiscation of goods not sustained
Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver from 01st August 2025
Customs and Central Excise Settlement Commission Rules
Fixing 3 consecutive hearing under a single notice is unjustified: Karnataka HC
Anti-Dumping Duty Not Applicable on Imported Laser Sources: CAAR Mumbai
Tariff classification of Roasted, Shelled & Nitrogen-Treated Cashew Nuts
CAAR Mumbai Classifies Wi-Fi Enclosures Under CTH 8517
Roller & Sorter Conveyors falls under CTI 84282019 as Other conveyors: CAAR
No confiscation when smuggled nature of gold not established: CESTAT Kolkata
Penalty u/s. 112 of Customs Act cannot be imposed without independent consideration of matter
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.
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.
