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...
A doubt had arisen as to whether rough diamonds purchased from the open market can be exported without any restriction. The issue was examined in consultation with Ministry of Commerce and it was clarified by the Board that there should be no bar for export of rough diamonds even if procured from domestic market provided the payment is received is freely convertible currency
Your kind attention is invited to the Board’s circular letter F.No. 450/ 68/93- Cus. IV dated 10.6.94 prescribing a procedure for expeditious assessment and clearance of goods and Board’s Circular F. No. 450/ 51/ 92-Cus.IV, dated 25.5.92 prescribing a self-assessment procedure for Government Departments, Public Sector Undertakings and other importers fulfilling certain conditions
number of representation have been received from Export Promotion Councils regarding difficulties being faced by them in claiming drawback on exports made under the new Duty Entitlement Pass-Book Scheme as introduced in Chapter 7 of the Export and Import Policy for the period 1997-2002 substituting Value Based Advance Licensing Scheme as well as Pass- Book Scheme of the
An issue has been raised regarding the procedure for the Customs House to verify whether the exporter has availed central excise rebate on inputs under rules 12(1) (b) / 13(1) (b) of the Central Excise Rules, 1944
“In respect of waste oil, if on sampling, the concentration of Poly-Chlorinated Biphenyl, Poly-Chlorinated Tripheny1 and Poly-Brominated Bipheny1 is more than 5mg/ 1, Chlorinated solvents, benzene total Poly Aromatic Hydrocarbons more than 100 mg/1, and heavy metals (arsenic, barium, chromium, copper cadmium, nickel, lead, zinc) each more than 100mg/1, waste oil can be
Imported for use in a project that has been approved by the Government of India and financed (whether by a loan or a grant) by an international organisation listed in the said Annexure, a certificate from an officer not below the rank of Deputy Secretary to the Government of India, in the Ministry of Finance (Department of Economic Affairs) that the said goods are required for the execution of the said project and that the said project has duly been approved by the Government of India.
I am directed to enclose a copy of the Notification No. 83/ 97-Cus dated 27.10.97 and to say that the Visakhapatnam Export Processing Zone (VEPZ) is functioning since 1994-95. It was not included in the Notification No. 177/ 94-Cus. governing Gem & Jewellery in the EPZ / FTZ as there were no jewellery units earlier. Notification No. 83 / 97-Cus dated 27.10.97 amends notification
I am directed to refer Board’s circular F.No. 433/ 1/ 81-CUS.IV dated 22.1.85 on the above subject. In view of representations made by Indian National Shipowner’s Association from time to time and the references made by Commissioners of Customs, the procedure relating to recovery of duty on ship stores Consumed by foreign going vessels during their temporary reversion into coastal run has
During the meeting with Commerce Minister held on 23rd October, 1997 to discuss the problems of the exporters, it was pointed out that clearance of export goods under the Export Promotion Scheme, logging of DEEC Books and payment of Drawback were delayed on account of frequent drawl of samples and the inordinate time taken to issue Test Reports. It was explained that Mumbai Custom
I am directed to refer to Board’s Circular No. 133/ 95-Cus. dated 22-12-95 issued from File No. 434/ 54/ 95-Cus.IV on the above subject. The matter has been re-examined in the Board on representation from Ministry of Commerce. It has been decided to rescind para 7 of the Circular. However, to cope up with any emergency pertaining to import and export the Commissioners are authorised to
