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...
In continuation of Circular No. 31/ 97-Cus dated 17th Oct., 1997, on the above subject, the Govt. have further decided that the exporters may be allowed to file supplementary claims for the exports covered under the Serial / Sub-Serial Nos. 52.03, 60.02, 61.01, 61.02, 62.01, 62.02, 62.11, 63.06, 63.061, 63.09 and 63.11 specified in the Notification No. 53/ 97-Cus (N.T.) dated 17th Oct., 1997 in
The issues streamlining the procedures for clearance of Air Cargo Complex in order to reduce congestion and to ensure faster clearance of import as well as export goods from Air Cargo Complexes have been considered by Export Promotion Board recently and the following further decision have been taken by Board for immediate compliance
For the purposes of this notification, the expressions “Gold in any form including liquid gold” and “Silver in any form” shall include medallions and coins, but shall not include jewellery made of gold or silver and foreign currency coins.
Until a few years ago, Haj Pilgrims used to board the vessel from Bombay Port and on their return journey, disembark at Bombay. Due to changed circumstances, now Haj Pilgrims travel by Air only and at present they board the Aircrafts from 6 different major Airports. Ministry of Civil Aviation and Air India have stated that wherever landing facility for wide bodied 747 Jumbo Aircrafts is
I am directed to refer to the various ICDS/ CFSs approved by IMSC / Board to facilitate import / export work from time to time. The staff is being sanctioned by Board to deal with customs work at such places. Staff for all the new ICD is being sanctioned on cost recovery basis. Government of India have approved norms for sanction of Customs Staff for ICD and CFS as under
On the various representations from Export Promotion Councils, the Government has decided to restore the old rates of Drawback in respect of Knitwrars, Garments and Made-ups covered under Serial/ Sub-Serial Nos. 52.03, 60.02, 61.01, 61,02, 62.02, 62.11, 63.61, 63.09 and 63.11 of the Drawback Table 97-98 fixed vide Ministry’s Notification No. 22/ 97-Cus (NT) dated 30.5.97. These old rates of
Government of India have taken a number of important decision, as a part of the Scheme Uperation Instant Cargo, for the expeditious clearance of cargo lying unclaimed/ uncleared in the seaports, Airports and Aircargo within a specified complexes tim
It has brought to the notice of the Board by the C & AC that certain 100% EOUs or the Export Houses through which the export were routed have availed of the benefits of Advance Licence Scheme also and thus the same exports were being Counted towards fulfilment of export obligation under both the Schemes viz EOU as well as Advance Licence Scheme
I am directed to enclose RBL’s letter IBS No. 452/ 23.67.002/ 97-98 dt. 30.8.97 authorising seven Banks as the Nominated Agencies for the import of Precious Metals under various, jewellery Export Promotion Schemes as per the EXIM Policy 1997-2002. For supply of metals for export manufacture under these Schemes, the Board has considered to given the following relaxation within the overall
I am directed to invited your attention to Board’s instructions of even No. dated 13-5-92 regarding powers of adjudication of Officers of Customs
