Custom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
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Custom Duty : The new customs notifications standardize the effective import duty on gold and silver bullion at 15% through revised BCD, SWS, an...
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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 : The Court held that retention of seized cash beyond six months is illegal if the extension order under Section 110(2) of the Custo...
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 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...
It has been brought to the notice of Board that even though, the exporters have been exempted from declaration in GR/SDF/PP/Softex forms for export value upto US $ 25,000 as per RBI’s A.P.(DIR Series) Circular No.61 dated January 31, 2004, it is reported that some Custom offices still insist on submission for declaration.
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.18/2005-NT-Customs, dated the 23rd February, 2005 [S.O.247(E), dated the 23rd February, 2005], the Board hereby determines for the purposes of said section relating to export 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 April, 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.17/2005-NT-Customs, dated the 23rd February, 2005 [S.O.248(E) dated the 23rd February, 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 April, 2005.
The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded). The undersigned is directed to invite attention to Board’s Circular No.58/2004-Cus. dated 21.10.2004 on the above subject and to say that a doubt has been raised as to whether a Surety is to be furnished alongwith Bond in the case of imports by Star Export Houses, Public Sector Undertakings etc. {vide para 3.1(a) to (e)} under Advance Licence and EPCG Schemes. It has been represented that since established exporters, Star Export Houses and Public Sector Undertakings have large volume of imports under Advance Licence and EPCG Schemes, it becomes difficult for them in arranging Sureties by another firm or person for each & every import. Besides, it adds to transaction cost. It has, therefore, been requested that the requirement of Surety for execution of Bond under Advance Licence and EPCG Schemes should be dispensed with in the case of Star Export Houses, Public Sector Undertakings etc., as available earlier under Circular No.79/2003-Cus. dated 4.9.2003 (since superceded).
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.
I am directed to invite your attention to the above subject and to say that a doubt has been raised as to whether the All Industry Rate of duty drawback is to be denied / reduced on export goods using inputs some of which are non-duty paid. It has been represented that the All Industry Rate of duty drawback is sought to be denied / reduced on floor coverings and made ups on the ground that a part of yarn used has not suffered any duty.
In exercise of the powers conferred by sub-section (2) of Section 14 of the Customs Act, 1962, (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.36/2001-Cus (N.T.), dated, the 3rd August 2001, namely.
In exercise of the powers conferred by clause (a) of sub section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No. 62/94-CUSTOMS (N.T.), dated the 21st November, 1994, namely.
It has been brought to the notice of the Board that after the issuance of Let Export Order (LEO) and before goods are actually loaded in the Aircraft, Airlines seeks permission twice from Customs once for palletisation and other at the time of actual loading for e.g. Delhi Airport. It is felt that when the palletisation is done after the Let Export Order then there is no need for a separate permission from Customs for palletisation.
Central Government being satisfied that it is necessary in the public interest to do so, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 21/2002-Customs, dated the 1st March, 2002, namely.
