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...
I am directed to invite your kind attention on the above subject. As you are aware, the present system of pre-shipment inspection of certain silk goods entails submission of an application with a sample swatch to the CSB Certification Centre by the exporters. This is followed by testing of the sample swatch by CSB to the determine the composition and silk contents. Then an inspection at the
Under the SS No. 63.061 of the Drawback Table, the entry which was “All Other Made Ups when Modvat facility has not been availed” remains the same as it was in the last year”s Table of 1998-99. However, while amending the drawback rate vide Notification 14/99 dated 8.2.99, inadvertently the entry was referred to as “All Other Made Ups” only. It may be clarified that the said entry in the new
The Ministry have announced the new All Industry Rates of Drawback vide Notification No. 31/99-Customs (N.T.) dated 20.5.99. These rates will come into effect from 1.6.99. Till such time, the existing rates of drawback will continue to apply. A copy of the Press Note issued is enclosed highlighting the important changes made in the Drawback Table, which are as under
Representations have been received from various exports organisations regarding delay in processing and settlement of drawback claims at various Customs locations
Representations from Trade Associations and references from the field offices have been received n the Board to extent various facilities under DEPB Scheme to additional Customs Stations
A reference has been received from filed formations that under the provisions of the Customs Act, 1962, a period of 5 years has been provided for issue of Show Cause Notices in cases involving fraud/collusion/wilful mis-statement or suppression of facts. The Circular No. 69/97-Cus. dated 8.12.97 issued by the Board does not purport to restrict the statutory provisions of the Customs Act, wherever
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 high speed diesel oil, falling under heading No. 27.10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).
Under Section 13(i) of FERA, 1973 no person can bring or send into India any foreign exchange or Indian Currency except with special or general permission of RBI. Further, Import of Indian currency notes or coins by post is not permitted. As per the existing practice, whenever such notes / coins, received by post, are confiscated by the customs authorities, RBI is approached for grant of “no
I am directed to inform that in letter No. 046 IV dated 17.10.1997 read with letter dated 20.9.1997 Board has across dispose of unclaimed and uncleared cargo landed in the IPB meeting dated 20.3.1999 at Chennai, it has been dated actin to clear the goods laying upto 31.12.1998 within the . I fhere are no court cases preventing such disposal and witin court cases involved.
It has been brought to the notice of the Board that a company in Noida had attempted to clear the high value electronic items in the guise of plastic buttons. On further examination, it was found that the importer has filed Bill of Entry for clearance of plastic buttons valued at Rs. 56351/-. The consignment was in the final stage of clearance and out of charge had already been given. The consignment
