Custom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
Custom Duty : Learn about the AEO certification, its benefits for businesses, eligibility criteria, and the process to become a trusted economic...
Custom Duty : CBIC introduces Ekal Anubandh for single electronic bonds, reducing costs and delays for importers/exporters. Learn about its feat...
Custom Duty : Learn about the Special Valuation Branch (SVB) under Indian Customs and how it determines the value of transactions between relate...
Custom Duty : Learn about recent updates to customs refund procedures, including electronic filing on ICEGATE, improved transparency, and change...
Custom Duty : The Supreme Court rules DRI officers as proper officers for customs under Section 28, overturning past judgments and reshaping tax...
Custom Duty : The government exempts import duties on specific life-saving drugs for rare diseases under set conditions. Learn about eligibility...
Custom Duty : This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Dut...
Custom Duty : Apply for the Indirect Tax Internship Scheme FY 2025-26 at CBIC, available for law students and graduates. Stipends and certificat...
Custom Duty : Summary of SEBI and Customs Notifications for February 2025 including amendments to duties, exemptions, and changes to specific ta...
Custom Duty : Union Budget 2025-26 proposes changes in customs duties, including exemptions for life-saving medicines, e-mobility, and support f...
Custom Duty : The Supreme Court set aside the Tribunal's order in Commissioner of Customs Vs. Lucky Steel Industries, citing lack of reasoning, ...
Custom Duty : Delhi High Court held that the Baggage Rules would have limited application to foreign nationals and as jewellery is part of perso...
Custom Duty : CESTAT Delhi held that duty has to be paid when goods imported into an SEZ are not used for the authorised operations but are sold...
Custom Duty : CESTAT Delhi rules customs duty exemption cannot be denied if export obligations are met and EODCs issued, overturning a ₹21 cro...
Custom Duty : Delhi HC orders release of Rolex watch, criticizes Customs for relying on standard waiver forms, citing lack of due process in det...
Custom Duty : India updates pet import rules under the Live-stock Importation Act, 1898. Final quarantine clearance for pet dogs and cats now is...
Custom Duty : CBIC revises drone disposal policy, assigning key airports for storage and inspection. Read the latest customs circular on unmanne...
Custom Duty : Notification No. 12/2025-Customs revises tariff values for crude palm oil, gold, silver, and more under the Customs Act, effective...
Custom Duty : CBIC clarifies that AIR duty drawback should not be denied based on non-duty paid inputs. Field formations must follow Circular No...
Custom Duty : The Ministry of Finance issues a corrigendum to Notification 26/2024-CUSTOMS (ADD), clarifying details on Textured Toughened Glass...
After issued of the said circular, References have been received, both from trade and the Ministry of Commerce, on the issue of furnishing of Bank Guarantee / Cash Deposit. It has been stated that the requirement of cash deposit or Bank Guarantee equal to 50% of the duty liability along with the Bond as security is not conductive to export growth of the Indian diamond industry
It has come to the notice of the Board that capital goods imported & cleared under EPCG Scheme at concessional / zero rate of duty were later on permitted re-export by Customs without recovery of duty on merits. Such re-export was inter-alia allowed on the ground that the imported machinery wa defective/damaged & needed replacement
On perusal of DEPB-cum-Drawback shipping bills, it has been noticed that in certain shipping bills the exporters had made a declaration that they would be claiming drawback against such exports in the main body of that shipping bill, and on the other side they/their agents inadvertently signed the shipping bills with the shipping bill that exporter shall not claim duty drawback in respect
In terms of the proviso to General Note 11 of the Drawback Table, the Exporters of Handicrafts of Brass/Iron under the Duty Drawback Scheme are not required to produce a certificate regarding non-availment of MODVAT facility as Handicrafts are unconditionally exempted from Central Excise duty. However, in gases of export the exporters are required to produce a certificate
Some doubts have been raised by the field formations and certain sections of the Trade as regards the applicability of All Industry Rate of Drawback under S.S. No 62.01 of the Drawback Table to the Woollen Garments not specified in S.S. No. 62.09 ibid
References have been received from the field on the subject issue, seeking clarifications on the scope of Board”s Circular Nos. 6/99-Cus. dated 17.2.99 and 10/99-Cus. dated 10.3.99 vis-a-vis DGFT”s Policy Circular No. 67 (RE-98)/98-99 dated 19.2.99
It has been brought to the notice of Board by the Directorate General of Shipping, Ministry of Surface Transport, Mumbai that foreign flag sips are plying on the Indian Coast without obtaining licences from the D.G.Shipping, Mumbai under Sections 406 / 407 of the Marine Shipping Act, 1958. Attention has been drawn to Section 410 of the said Act, which states that “no Customs Collector
As per paragraph 9.12 of the Exim Policy, 1997-2002 (as amended upto 31st March, 1999), the EOU/EPZ/EHTP/STP Units are allowed to supply or sell in DTA, annually, samples of goods produced by it for display/market promotion, upto 1% of the value of previous year”s export or maximum of Rs. 10 lakhs in case of new unit going into production, on payment of applicable duties
As you are aware, Master of Ships or owners / agents of vessels are permitted to carry on board Indian currency notes of denomination up to Rs 50/- for disbursement of wages to the crew of the ships etc. In this regard, Indian National Shipowners” Association (INSA) had requested RBI to permit the foreign going vessels to take on board the Indian Currency notes of higher
In exercise of the powers conferred by sub-section (1) of section 25 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. 15/97-Customs, dated the 1st March,1997, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (2) of the Table hereto annexed and falling under the Chapter, Heading No. or Sub-heading No. of the First Schedule to the Customs Tariff Act, 1975.
