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Custom Duty

Custom Duty Meaning, Calculators, Rules, exemptions  Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty

Latest Articles


Legal Validity of “S/d-” on Documents: The Final Word

Custom Duty : Instead of a formal signature, some documents are marked with S/d- (an abbreviation for signed) as a form of attestation. This rai...

August 16, 2024 1062 Views 0 comment Print

High Credit Card Use Can Trigger Income Tax Scrutiny

Custom Duty : Excessive credit card spending may attract tax notices. Learn how to manage credit card transactions to avoid scrutiny and ensure ...

August 7, 2024 3978 Views 0 comment Print

Jurisdictional Overlap on Recovery Between Customs and FTDR

Custom Duty : Explore the jurisdictional conflicts in recovery proceedings under Customs Act Section 28AAA and FTDR Act, highlighting key issues...

July 31, 2024 363 Views 0 comment Print

Comprehensive Analysis of Indian Customs & GST Reforms in 2024 Budget

Custom Duty : Comprehensive review of Indian 2024 Budget reforms on Customs & GST, highlighting impacts on manufacturing, exports, and tax admin...

July 26, 2024 465 Views 0 comment Print

Budget 2024-25: Changes under Customs & Excise

Custom Duty : Discover the key changes in customs and excise duties proposed in the Union Budget 2024-25, including updated rates and legislativ...

July 24, 2024 1524 Views 0 comment Print


Latest News


CBIC invites Suggestions on Additional Import/Export Declarations for Synthetic Diamonds

Custom Duty : Government seeks suggestions on mandatory qualifiers in import/export declarations for synthetic diamonds to improve identificatio...

August 16, 2024 66 Views 0 comment Print

Budget 2024: Customs Duty Amendments – Key Changes and Rates

Custom Duty : Discover key amendments in Customs duties and tariff rates effective July 2024, including changes in Basic Customs Duty, Health Ce...

July 26, 2024 2901 Views 0 comment Print

Customs Duty Reforms: Boosting Manufacturing & Export Competitiveness

Custom Duty : Ministry of Finance unveils reforms in customs duties to support manufacturing, boost exports, and simplify taxation. Includes exe...

July 23, 2024 111 Views 0 comment Print

CBI Arrests Customs Officer in Rs 80,000 Bribery Case

Custom Duty : CBI arrests Customs Superintendent at Sahar Airport, Mumbai for accepting Rs 80,000 bribe to clear an imported consignment. Invest...

July 19, 2024 552 Views 0 comment Print

Note On API-Based Integration Between ICEGATE And IECs/CBs

Custom Duty : Explore the API integration between ICEGATE and IECs/CBs, its impact on document filing efficiency, challenges addressed, and futu...

July 17, 2024 144 Views 0 comment Print


Latest Judiciary


Penalty imposed on customs broker for non-compliance with provisions of CBLR, 2018: CESTAT Delhi

Custom Duty : CESTAT Delhi held that imposition of penalty and revocation of customs broker license justified as customs broker abetted the ille...

August 16, 2024 108 Views 0 comment Print

Rajasthan HC Directs Re-examination of Aerosol Valves Classification

Custom Duty : Rajasthan High Court orders adjudicating authority to reconsider the dual classification of Aerosol Valves under Customs Tariff He...

August 16, 2024 51 Views 0 comment Print

Customs Broker Not Liable for Importer’s Misdeclarations Without Deliberate Intent or Negligence

Custom Duty : Customs brokers must perform their duties with diligence, they should not be held responsible for penalties arising from misdeclar...

August 16, 2024 69 Views 0 comment Print

Rejection of refund claim for non-mentioning of period particulars in CA’s certificate is harsh: CESTAT Chennai

Custom Duty : CESTAT Chennai rejection of refund claim merely for non-mentioning of period particulars in CA’s certificate unjustifiable as re...

August 16, 2024 135 Views 0 comment Print

Customs Broker license cannot be suspended as a penalty: Delhi HC

Custom Duty : Delhi High Court rules that a Customs Broker license cannot be suspended as a penalty for not physically verifying the exporter's ...

August 14, 2024 240 Views 0 comment Print


Latest Notifications


Customs Tariff Values for Gold, Silver, Oils & Areca Nuts wef 15.08.2024

Custom Duty : The CBIC revises customs tariff values for crude and refined oils, brass scrap, gold, silver, and areca nuts effective August 15, ...

August 14, 2024 123 Views 0 comment Print

Launch of Exchange Rate Automation Module (ERAM) – Reg

Custom Duty : Chennai Customs introduces ERAM on ICEGATE for automated exchange rate publication, effective from 4th July 2024. Access rates onl...

August 5, 2024 399 Views 0 comment Print

Govt revises Tariff Values for Edible Oils, Metals, Areca Nuts wef 01.08.2024

Custom Duty : Notification 53/2024 updates tariff values for edible oils, brass scrap, gold, silver, and areca nuts. Effective from August 1, 20...

August 2, 2024 207 Views 0 comment Print

CBIC amends BCD Rate for Laboratory Chemicals | Notification No. 41/2024

Custom Duty : The Ministry of Finance has updated Customs Notification No. 50/2017 with a 10% BCD on laboratory chemicals. New rules apply from ...

July 31, 2024 381 Views 0 comment Print

Draft Regulations for Amendment of Customs Import Documents Timeline

Custom Duty : Learn about the new regulations for amending import documents under Section 149 of the Customs Act, 1962. Understand the timeline,...

July 29, 2024 393 Views 0 comment Print


Conversion of 100% EOUs etc. to EPCG Scheme

February 12, 1996 2929 Views 0 comment Print

I am directed to say that Notification No. 83/95- Customs dated 31st March, 1995 was issued amending eight customs Notifications viz: Notification Nos. 13/81- Cus. dated 9.2.1981, 138/91 – Cus. dated 22.10.1991, 140/91- Cus. dated 22.10.1991, 95/93-Cus. dated

Sesame seeds Exports-Licence required

February 12, 1996 691 Views 0 comment Print

I am directed to enclose1 herewith a copy of Ministry of Commerce’s letter No. 6/13/95 – EP (Agri-II) dated 10th November, 1995 along with its enclosures on the above subject and to request that necessary instructions may please be issued to all concerned not to stop export of HPS Groundnut (both in shell and Kernels), Sesame seeds, safflower seeds (Kardi seed) etc. for consumption purposes.

Drawback on OTS cans – Only Basic Customs Duty

February 12, 1996 436 Views 0 comment Print

It has been represented by various Export Promotion Councils and Associations viz. Agricultural and Processed Food Products Export Development Authority, New Delhi, and All India Food Preservers’ Association, New Delhi, seeking the clarification as to whether in the existing All Industry Rate of Drawback for Food/ Fruit preparations and products falling under chapter 16, 20 and 21 of

Under Invoicing of Imported 2nd hand

February 8, 1996 238 Views 0 comment Print

I am directed to enclose 1 herewith a copy of letter of the Ministry of Non – Conventional Energy Sources regarding import of second hand obsolete Wind Generation Equipment being imported into India. There is a strong possibility of these Wind Turbines being heavily under – valued. You are, therefore, requested to advise all the field formation to make a careful assessment of the valuation of

Goods sent Abroad for Repairs etc. – Clarification

February 1, 1996 10054 Views 0 comment Print

Naval headquarters have represented that often they have to send their equipments out of India for repairs and to – import the same after the repairs and at the time of exports, the customs department insist for production of documents like bill of entry, invoice, etc. relating to their initial imports. Naval headquarters have informed that some of the equipments being over ten years old, it is difficult

Circular No. 3/ 96-Custom Duty Dated 31/1/1996

January 31, 1996 340 Views 0 comment Print

I am directed to refer to notification No. 8/96- Customs and 3/ 96 – Central Excise both dated 17th January, 1996. Notification No. 8/96- Customs amends notification Nos. 13/95- Cus. and 16/95- Cus. both dated the 16th March, 1995. The effect of the amending notification is to remove the spelling error in the description of a drug ‘Mesna’ under notification No. 13/95- Cus. and to correct the

Correction of typographical error in the spellings of a drug under notification No. 13/95- Customs

January 31, 1996 490 Views 0 comment Print

I am directed to refer to notification No. 13/ 96- Customs dated 29th January, 1996 which amend notification Nos. 13/95- Cus. dated the 16th March, 1995. The effect of the amending notification is to correct the spelling mistake in the description of ‘s- Fluorouracil

Private Bonded Warehouse – Availability of space certificate from Public Bonded Warehouse not required

January 1, 1996 6877 Views 1 comment Print

I am directed to refer to the instructions issued by the Board vide letter of even number dated 15th June, 1995 (Customs Circular No. 68/95) and to say that a doubt has arisen whether a “no objection” is required from Public Bonded Warehouse for availability of space there before granting licence for Private Bonded Warehouse (in the same area where the Public Bonded Warehouse exists) under

Circular No. 134/95-Custom Duty Dated 29/12/1995

December 29, 1995 583 Views 0 comment Print

The undersigned is directed to refer to the Board’s instructions contained in its earlier Circular No. 116/95- Customs, dated 16.11.95. As already stated therein, the First Schedule to the Customs Tariff Act undergoes various changes effected through the proposals contained in the Third Schedule (Parts I & II) to the Finance Act, 1995. The changes come into effect from 1.1.96, as already notified by

Circular No. 133/95-Cusum Duty Dated 22/12/1995

December 22, 1995 706 Views 0 comment Print

I am directed to refer to the various instructions and circulars issued from time to time regarding setting up of ICDs / CFSs by the Public Sector Undertakings as well as by the Private Sector Undertakings. In view of growing demand for setting ICDs /CFSs in hinterland and to keep pace with fast growing import / export, it has been decided to simplify the procedure for setting up ICDs/ CFSs

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