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...
Applied rate of duty means the standard rate of duty specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), with respect to the goods specified in the said Table, read with any other notification for the time being in force, issued in respect of such goods under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) but not including the notifications of the Government of India in the Ministry of Finance (Department of Revenue) Nos. 236/89-Customs dated the 1st September, 1989, 26/95-Customs dated the 16th March, 1995 and 105/99-Customs dated the 10th August,1999.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (4) of section 118 of the Finance Act, 1999 (27 of 1999), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all gods specified in the First Schedule to the Customs Tariff Act, 1975), when imported into India, from the surcharge of customs leviable thereon under sub-section (1) of section 188 of the Finance Act, 1999.
In exercise of the powers conferred by sub-section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section 118 of the Finance Act, 1999 (27 of 1999), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds notification of the Government of India in the Ministry of Finanace (Department of Revenue), No. 58/99-Customs, dated the 11th May, 1999, published in the Official Gazette vide number G.S.R. 330(E), dated the 11th May, 1999.
In exercise of the powers conferred by section 3A of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 22/99-Customs, dated the 28th February, 1999, published in the Official Gazette vide number G.S.R. 158(E), dated the 28th February, 1999.
In exercise of the powers conterred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds following notification of the Government of India in the Ministry of Finance (Department of Revenue), namely.
The principal notification was published in the Gazette of India, Extraordinary vide notification No. 42/96-Customs, dated the 23rd July, 1996 [G.S.R. 294 (E), dated the 23rd July, 1996] and was last amended by notification No. 29/99-Customs, dated the 28th February, 1999.
The principal notification No. 51/96-Customs, dated the 23rd July, 1996 was published in the Official Gazette, vide G.S.R. 303(E), dated the 23rd July, 1996 and was last amended by notification No. 28/98-Customs, dated the 2nd June, 1998.
Provided further that the exemption under this notification shall bot be applicable in respect of goods mentioned against serial No.3, where the mode of levy of duty of customs under the said First Schedule is ad valorem or specific, whichever is higher, if the sum of duty calculated at such ad valorem rate and the surcharge calculated on the basis of the ad valorem duty exceeds the anmount of duty calculated at the specific rate.
Provided that in respect of the goods specified against S. Nos. 24, 25, 26 , 31 and 32 of the said Table, “Nil” rate shall be subject to the conditions, if any, subject to which the goods are exempt either partially or wholly from the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act,1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods falling under the heading No. or sub-heading No. of the First Schedule to the Customs Tariff Act, 1975.
