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 reference has been made to the Board by CC, Bombay regarding the interpretation of proviso to condition 3 of the Notification No. 104/ 95- Cus. dated 30.5.95
Kindly refer to Board’s letter F.No. 605/ 75 (A) / 95-DBK dated 8th August, 1997 regarding revised Norms for execution of Bond and Bank Guarantee under DEEC Scheme
It has been observed that most of the correspondence pertaining to Customs Civil cases are received incomplete in the Board. For example the Assistance Commissioner (Legal) would be for warding a copy of the High Court orders for “necessary action at you end”. This is forwarded without any of the supporting documents in the form of opinion of Standing Counsel, Branch Secretariat of Ministry
It has been brought to the notice of the Board that there are considerable delays on account of multiple controls of the units in Export Promotion Zones. It has already been clarified by the Board earlier that the relevant Customs notification authorises the Assistant Commissioner of Customs posted in the Zone to discharge all day to day to day functions including allowing re-report
I am directed to refer to Board’s instructions as contained in F.No. 473/ 206/ 87 – Cus-VII dated 12.7.98 on the above mentioned subject wherein it was clarified that on expiry of the permissible or extended warehousing period the goods kept in a warehouse cease to be warehoused goods and, therefore, their removal from the warehouse cannot be regarded as covered by the provisions of section
Attention is invited to Circular No. 3/ 97-Customs dated 4th February, 1997 whereby procedure for recovery of drawback under Rule 16 A of Drawback Rules, 1995 in cases of non-repatriation of foreign exchange was prescribed. The matter was further pursued with RBI who modified the proforma of their XOS Statement by their A.D. Circular No. 14 dated September 9, 1996 to incorporate the
In terms of Sr. No. 15 to notification No. 11/ 97-Cus dated 1.3.97 vegetable oils (other than coconut oil. RBD palm kernel oil and palm stearin) of edible grade, in loose or bulk form are liable to concessional duty of customs @ 20% adv. Prior to 1.03.97 these oils were liable to concessional duty in terms of notification No. 8/95-Cus dated 2.3.95, and Sr. No. 7 to Not. 36/ 96-Cus dated 23.7.96
Duty Exemption Pass-Book Scheme (DEPB) allows import and export only from the port of registration. In other words, both import and export have to be made from the same port. This is also provided in para 6 of Board’s Circular No. 10/ 97-Cus dated 17.4.1997.
Under para 8.19 to 8.37 of the EXIM Policy read with the various relevant customs exemption notification (Nos. 177/ 94-Cus, 3/ 88- Cus, 277/ 90-Cus, 144/ 93-Cus and Circular No. 38/ 96 dated 9.7.96), MMTC/ SBI/ STC/ HHEC and any agency authorised by Reserve Bank of India (hereinafter referred to as the Nominated Agency) are authorised to import precious metals and supply in
I am directed to refer to the EXIM Policy 1997-2002 and to say that certain doubts have arisen regarding the implementation of the above said Policy. The issues have been examined and the para-wise clarification is as under.
