Custom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
Custom Duty : Anti-dumping duty protects local manufacturers from unfairly cheap imports that can damage domestic markets. The article explains ...
Custom Duty : The new customs notifications standardize the effective import duty on gold and silver bullion at 15% through revised BCD, SWS, an...
Custom Duty : The article argues that the sharp increase in gold import duty was triggered by pressure on India’s forex reserves, rising oil p...
Custom Duty : Emergency customs relaxations introduced during the maritime crisis expire on 30 April 2026, leaving exporters uncertain. The fram...
Custom Duty : Highlights how the EMI Scheme allows businesses to defer duty payments, easing working capital pressure while improving operationa...
Custom Duty : The India–Oman Comprehensive Economic Partnership Agreement became operational on 1 June 2026 after completion of required proce...
Custom Duty : The reform removes value restrictions on courier exports, enabling higher-value shipments. It aims to boost e-commerce exports and...
Custom Duty : CBIC has allowed Eligible Manufacturer Importers to avail deferred payment of customs duty from 1 April 2026. The circular outline...
Custom Duty : The CBI has registered a bribery case against three Customs officials accused of taking illegal gratification to release seized go...
Custom Duty : The new rules enhance duty-free allowances and introduce digital declarations. The overhaul aims to speed up clearance and improve...
Custom Duty : Tribunal ruled that interest liability extends to the full duty adjudged under Section 28, regardless of whether payment is made t...
Custom Duty : The Court ruled that confiscation proceedings before Customs Authorities do not amount to prosecution before a judicial tribunal. ...
Custom Duty : Where an EPCG licence holder becomes incapable of fulfilling export obligations due to unavoidable circumstances such as SARFAESI ...
Custom Duty : CESTAT Chennai held that unsigned invoices, unauthenticated e-mails, and uncorroborated statements were insufficient to reject tra...
Custom Duty : The Tribunal held that a medicine containing Ergotamine was merely a preparation and not “Ergotamine and its salts” under Sche...
Custom Duty : The Central Government has amended Notification No. 62/2022-Customs to prescribe a 0% Basic Customs Duty on all goods falling unde...
Custom Duty : CBIC has designated a common adjudicating authority to decide several customs show cause notices issued by different commissionera...
Custom Duty : CBIC exercised its powers under the Customs Act, 1962 to appoint a common adjudicating authority for two customs proceedings invol...
Custom Duty : Appointment of Common Adjudicating Authority in the case of M/s. Hewlett Packard Enterprise India Private Limited, (IEC: 071500719...
Custom Duty : CBIC has directed Customs field formations not to seek FTP clarifications directly from DGFT. The new mechanism aims to ensure con...
The Ministry has announced the revised All Industry Rates of Duty Drawback vide notification No.36/2005-Cus (NT) dated 2.5.2005. These rates shall come into force with effect from 5.5.2005. The notification may be downloaded from CBEC website www.cbec.gov.in and perused for details.
Therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the said Customs Tariff Act, read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995.
In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.24/2005-NT-Customs, dated the 28th March, 2005 [S.O.425(E), dated the 28th March, 2005].
In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.23/2005-NT-Customs, dated the 28th March, 2005 [S.O.424 (E) dated the 28th March, 2005], the Board hereby determines for the purposes of said section, relating to imported goods, that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II appended hereto into Indian currency or vice versa shall, with effect from the 1st May, 2005.
The principal notification was published in the Gazette of India vide notification No. 62/94-Customs (N.T.), dated the 21st November, 1994 [S.O. 829(E), dated the 21st November, 1994 ] and last amended vide Notification No. 21/2005-Customs (N.T.), dated 11th March, 2005 [S.O. 306(E), dated 11th March, 2005].
Therefore, in exercise of the powers conferred by sub-section (1), read with sub-section (5) of section 9A of the said Customs Tariff Act and rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995.
Therefore, in exercise of powers conferred by sub-section (1), read with sub-section (5) of section 9A of the said Customs Tariff Act and rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.94/2002-Customs, dated the 9th September, 2002.
The Government of India in the Ministry of Finance (Department of Revenue), No.31/2001-Customs, dated the 28th March, 2001, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R 219 (E), dated the 28th March, 2001.
The principal notification was published in the Gazette of India, Extraordinary, part-II, Section-3, Sub-section (i),vide number G.S.R. 87(E), dated the 5th February,1986 and subsequently amended by notification number 42/89-Customs ( NT ), dated the 30th June,1989, number G.S.R. 31 (E), dated the 25th January, 1993 ), number G.S.R. 99(E), dated the 1st March,1995. number G.S.R. 120 (E), dated the 11th March,1996), number G.S.R. 671 (E), dated the 12th November, 1998 and was last amended by number G.S.R.- GSR 117 ( E ), dated 16th February,2004.
The principal notification no. 63/94-Cus (N.T.) was published in the Gazette of India, Part II, Section 3, Sub-section (ii) vide number S.O. 830(E), dated the 21st November, 1994 and last amended by Notification No. 25/2005-Cus (N.T.) dated 30.03.2005.
