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...
The revised EXIM Policy, 1997-2002, and corresponding Hand Book of Procedures (HOP), incorporating amendments in Policy upto 31.3.99, comes into force from 1st April, 1999. The amendments made in the Chapter-8 of EXIM Policy and HOP and agreed to by our Department have necessitated amendments in Notification No. 3/88-Cus, dated the 14th January, 1988, governing the Jhandewalan
The revised edition of the Exim Policy and Hand Book of Procedures, incorporating amendments upto 31.3.99, comes into force from 1st April, 1999. The amendments made in them, necessitate certain changes in the existing circulars or issue of fresh instructions. These have been discussed below
Annual Advance License with Actual User Condition exemption for annual requirement 29-4-1999 Notification No. 48/99-Customs 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 materials imported […]
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 the cut and polished diamonds and Gemstones falling under Chapter 71 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) hereinafter referred to as the said Act, upto five per cent of the Free on Board (FOB) value of the preceding financial year of the exports of cut and polished diamonds or studded jewellery, as the case may be, when imported into India by the holders of Diamond Imprest Licences issued under para 4.4.16.
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 the goods as specified in the Annexure-I and Annexure-II to this notification, upto one per cent of the Free On Board (FOB) value of preceding financial year of the export of Gems and Jewellery or cut and polished diamonds, as the case may be, when imported into India against the Replenishment Licence referred to in para 4.80.
The issue as to whether Cess is leviable on imported sugar, came to be examined in the Board in the context of references received from some Commissioners of Customs as also some trade interests
During the review of Exim Policy for the year 1999-2000, Ministry of Commerce have recommended that under DEPB Scheme, imports may be allowed to clear goods stored in a custom bonded warehouse by adjusting customs duty in a DEPB scrip. Similar facility is already available under the Advance Licensing Scheme
M/s Air-India has requested to carry domestic Cargo on International flights on the grounds that the majority of Air-India Flights originate at Mumbai and touch another Domestic point on its way to foreign airport. It has ample capacity to uplift domestic Cargo between these two ports. M/s Air India has also requested that to allow them to carry domestic Cargo in the domestic leg of the
Therefore, in exercise of the powers conferred by sub-section (1) of section 9A of the said Customs Tariff Act, read with rule 18 and rule 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, after considering the aforesaid findings of the Designated Authority, hereby imposes on Fused Magnesia falling under Chapter 25 of the First Schedule to the said Customs Tariff Act.
Instances have come to notice of the Department where DEPB scrips were obtained by unscrupulous exporters by presenting S/Bs with forged examination reports and “let export” orders alongwith forged BRCs, etc. In some of such cases even the verification endorsements by Customs authorities on DEPB scrips have been apparently forged. It has, therefore, become necessary to revise and
