Custom Duty
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Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold & Silver from 1st May 2025
Notification No. 04/2025-Custom Rescinded by Central Government
13 Customs Notifications Aligned with Finance Act 2025
3 Customs ADD Notifications Amended to align with Finance Act, 2025
CBIC Amends Notification No. 05/2024-Customs (CVD) to Align with Finance Act, 2025
Rule 16 of Drawback Rules doesn’t prescribe any limitation: Delhi HC
Air craft engine stand classified under CTI 8609 00 00: CESTAT Delhi
Putting notice in call book not sufficient for delayed adjudication of notice: Delhi HC
Penalty duly imposed since misuse of IEC code by third party fully known
India Customs CMAA with New Zealand & Madagascar
Adjudication of Custom notice after 10 years is against mandates of section 28(9)
Monetary Limits Guidelines Not applies to Customs Duty Product Classification Dispute
Customs Notification No. 24/2025 Amends Bank Lists
Adjudicating Authority Appointed for SVB Provisional Assessment: Murrplastik India Pvt. Ltd.
Latest Custom Duty News
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Custom duty is an indirect tax which is applicable on goods which are imported into India and a few goods which are exported out of India. Globally, countries levy custom duties over import and export of goods for raising revenue and also for shielding their domestic companies from competitors from several other countries. Custom duty in India is imposed on almost universally all the goods which are imported into India. Export duties are imposed on few goods as provided under Second Schedule. These duties are not imposed on few items such as lifesaving drugs or equipment, food grains, fertilizers etc. Import duties are divided into basic duty, true countervailing duty, additional customs duty, protective duty, anti-dumping duty and education cess.
Customs duty in India is imposed according to the value of the goods or their weight, dimension and other various criteria as per the goods. Where the duties are based on goods value, then the custom duties are known as ad valorem duties, and where the duty is based on quantity or weight, the duties are known as specific duties.
Customs Act, 1962 empowers the government of India for levying customs duty, prohibiting import and export of goods, framing policies for exporting and importing and penalties, offences etc. All the matters which are related to custom duty comes under the CBEC (Central Board of Excise & Customs). The Central Board of Excise & Customs also formulates policies with respect to custom duty rate, smuggling prevention and administrative decisions that are related to customs formations.
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