Custom Duty
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Vivo’s Flexible Printed Circuit boards falls under CTH 8534 (Printed Circuits): CAAR Delhi
WLPL Eligible for Exemption Under Notification 32/97-Cus, Subject to Re-Export & Value Addition Compliance: CAAR
Section 112(a)(ii) Penalty on Short-Paid Customs Duty Struck Down by CESTAT Delhi
Post-Import Conditions inapplicable if no Bond/Guarantee Executed: CESTAT Kolkata
CESTAT Dismisses Revenue Appeal, Finds No Merit in telecom Software Valuation Dispute
Certificate of Origin Not Verified: Show Cause Notice Deemed Unsustainable
Customs Duty Appeal: Denial of Relied Upon Documents Breaches Natural Justice
CESTAT Chennai Affirms Classification of Industrial Frying System
Customs duty exemption vide notification 57/2017 available to Assembly Front as it qualifies as Display Assembly
DRI Officers Are Proper Officers Under Customs Act: Delhi HC
Order set aside as revenue failed to brought any cogent evidence towards foreign origin of goods
Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold & Silver wef 14.06.2025
CESTAT Orders consolidated Adjudication for Identical Goods Under Single SCN
CESTAT Allows 20% Pre-Deposit in Customs Duty Case
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.
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