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 : CAAR Mumbai held that CKD kits comprising discrete electronic components could not be classified as motherboards under CTH 8473 30...
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 : Government extends countervailing duty on aluminium wire/wire rod imports from Malaysia up to 23 March 2027 through Notification N...
Custom Duty : Government extends anti-dumping duty on aluminium foil from China, Malaysia, Thailand and Indonesia up to 15 December 2026. Notifi...
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...
In exercise of the powers conferred by section 157 of the Customs Act, 1962 ( 52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations further to amend the Courier Imports and Exports (Clearance) Regulations, 1998, namely.
In exercise of the powers conferred by sub-section(1) of section 4 of the Customs Act, 1962(52 of 1962), the Central Government hereby appoints the Commissioner of Customs, Air Cargo Unit, New Customs House, Indira Gandhi International Airport, New Delhi, to be the Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi, Commissioner of Customs, New Custom House, Ballard Estate, Mumbai, Commissioner of Customs, New Custom House, Jawahar Custom House and Nhava Sheva and Commissioner of Customs, Chennai for the purpose of adjudication of the case pertaining to exports made by M/s. Intraport(India) Pvt. Ltd., 135 – 136, Sector- 31, Gurgaon, in respect of show cause notice DRI.F.No.50C/7/99-CI dated 9th November, 2000
The issue has been examined in the Board. It is clarified that Neck Ties are basically clothing accessories, which are covered by Customs Tariff Heading 62.15. The said Custom Tariff heading does not find mention any where in the Drawback Table. The reason being that no data has been received from the Export Promotion Councils for formulating the All Industry Rate of Drawback for this item. Hence, these products are not eligible for All Industry Rate of Drawback
For the purpose of adjudication of the case pertaining to the exports made by M/s. Universal Garments, N-40 Commercial Area, Kirti Nagar, New Delhi, in respect of show cause notice DRI.F.NO.50D/54/98-CI dated the 12th September, 2000, issued by the Joint Director, Directorate of Revenue Intelligence, D Block, Indraprastha Bhawan, I.P.Estate, New Delhi-110 002.
The principal Notification No.12/97-Customs(N.T.), dated the 2nd April,1997 was published in the Gazette of India, Extraordinary Part-II, section 3, sub-section(i), vide G.S.R.193(E) dated the 2nd April,1997 and subsequently amended by Notification No.7/98-Customs(N.T.), dated the 4th February,1998, published in the Gazette of India, Extraordinary Part-II, section 3, sub-section(i), vide G.S.R.67(E) dated the 4th February,1998.
Furthermore, where provisional assessment is being resorted to, the investigation and finalisation of the assessment must be completed within four months from the date of reply. If no decision is taken within 4 months, the extra duty deposit should be discontinued and the concerned Deputy Commissioner/Assistant Commissioner will be held responsible for inexplicable delay in finalisation.
The issue has been examined. The applicability of drawback caps should be decided taking into account the normal commercial practice of marketing, packing and invoicing, i.e., whether the goods like Lehnga-Choli. Skirt-Blouse, etc, are being sold as one unit of ready made garment at one price or these are individual components and being asked for buyers as separate pieces of garments and invoices issued separately (or prices shown separately on the same invoice)
In exercise of the powers conferred by sub-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. 3/2001-NT-Customs, [S.O.74(E)] dated the 25th January, 2001 the Central Government hereby determines for the purposes of said section in so far as these relate to export goods, that the rate of exchange of conversion of each of the foreign currency specified in the column (2) of Schedule I and Schedule II appended hereto into Indian Currency or vice versa shall, with effect from the 1st March, 2001.
In exercise of the powers conferred by sub-section (2) of section 20 of the Indian Stamp Act 1899 (2 of 1899) and sub-clause (i) of clause (a) of sub-section (3) of Section 14 of Customs Act, 1962 (52 of 1962) and in supercession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.2/2001-NT-Customs, [S.O.73(E)] dated the 25th January, 2001.
In order to take care of this problem he has suggested issue of a Notification under Section 81 (a) of the Customs Act, 1962 specifying the maximum time limit within which the passengers should make a declaration before Customs. Since this Notification will have implication for all the passengers coming at any of the Airport, the matter may be examined regarding the implication of the proposal; suggested time limit ( 4 hours or any other time frame); as also the type of penal provision that may be imposed for the failure to adhere to the condition.
