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...
Recently, a large case of drawback fraud has been detected at Nhava Sheva Port. In this case the exporter had attempted to export old and used garments and carpet cutting left overs, mainly with the intention to claim undue drawback. On investigation, it was found that some garments Mere at such small size as can be used only for dolls and even these were made of old and used sarees. some of the
A large number of exporters and export promotion councils have brought to thenotice of the Board that. there is considerable delay in verification of DEPB scrips at the Custom Houses. This issue has also been brought up repeatedly in all the Open Houses wherein the exporters have expressed their resentment regarding such delay and the require«ent to produce all the necessary documents required
The issue of detection of export frauds has continuously engaged the attention of the Board. Recently, ICD, Tughlakabad has detected large number of cases of which the illustrative ones have been reported to the Board vide Commissioner, ICD, Delhi”s D.0. letter C.No.VIII(ICD)6/TKD/E.Shed/Misc./720/2000/22l46 16th November,2000. On this letter. Chairman, CBEC has observed as under
In the All Industry Rates Drawback Table, the drawback rates for the man-made fabrics falling under Chapters 54, 55 and 58 of the said Table, have been determined by taking into consideration the duty suffered on the inputs, i.e., yarn. dyes, chemicals and packing materials. While formulating these rates, the Central Excise duty payable at the processing stage of the manufacture of these fabrics
I am directed to refer to the subject mentioned above and to say that a reference in this regard has been made to Board stating that Custom authorities are insisting on furnishing of Bank Guarantees for import of goods by importers who have signed a Production Sharing Contract (PSC) with the Government of India, on re-export basis under para 5.7(a) of EXIM Policy. A request has been made
Representations have been received from the trade that the field formations are not permitting drawback to the exports of certain Artistic Handicrafts /Artwares of Brass like, Lamps/Lamp Base( without electrical fittings ) under SS No 74.20 and SS No 74.21 of the Drawback Table on the ground that no corresponding Customs Tariff Headings have been mentioned against these SS Nos
The matter has been examined in the Board. It may be mentioned that the drawback rate for Brass Builder Hardware, is intended to compensate the duties suffered on the input, i.e., brass. The rate has been determined accordingly and it is clarified that it is applicable to all items of Brass which qualify as Builder Hardware. It is for this reason, no corresponding Customs Tariff Heading has been
Representations have been received from the trade that the field formations are permitting the export of only Sacks and Bags of a kind used for the packing of the goods under SS No.63.09 of the Drawback Table. This is on the premise that-the corresponding Customs Tariff Heading 63.05 covers only such categories of bags. As a result, drawback to various other bags, viz., shopping bags, ladies’ hand
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 supersession of the Notification of the Government of India in the Ministry of Finance (Department of Revenue) No.65/2000-NT-Customs, [S.O.956(E)] dated the 25th October, 2000 the Central Government hereby:-
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 makes following amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue, No.31/2000-CUS.(N.T.), dated the 9th May, 2000, namely:-
