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 in Para 8.32 provides for re-export / supply of dead stock or broken stones/ rough diamonds up to 5% of the value of import / indigenously procured such items by holders, (who are EOU/ EPZ units) of valid Replenishment / Diamond Imprest Licence. This means the units who had imported these goods against the REP of Diamond Imprest Licence or
I am directed to say that the Board is in receipt of a reference from the Department of Electronics that commercial training on computers installed in the bonded premises of STP units be allowed. The EXIM Policy as also provides (paragraph 9.15 (f)) that software units will be allowed to use the computers system for training purposes (including commercial training ) subject to the.
I am directed to refer to the ongoing inquiry in the Delhi High Court regarding alleged misuse of notification No. 64/ 88 – Cus. In this regard, your attention is invited to the judgement of the Hon’ble Supreme Court, in the case of M/ s Mediwell Hospital & Health Care Pvt. Ltd. Union of India in CA No. 16735 of 1996, decided on 17.12.1996, reported in ELT 1997 (89) ELT 425 (SC). The court has
Kindly refer to the amended provisions of Sec. 46 (3) of the Customs Act, 1962 which provide that Bill of Entry may be presented even before the delivery of import Manifest, if the vessel or Aircraft by which the goods have been shipped for importation, is expected to arrive within 30 days from the date of such presentation.
1. Short title and commencement.- (i) These rules may be called the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997. (ii) They shall come into force on the date of their publication in the Official gazette.
It has been brought to the notice of the Board by Ministry of Commerce and Petroleum and Natural Gas that the 100% EOUs are facing problems because of differing interpretations of the provisions of the Notification No. 13/ 81-Cus. It provides for duty free import of specified goods for the purpose of manufacture of articles for export out of India or for being used in connection with the
The issue regarding whether interest charged to importers by foreign suppliers under deferred payment scheme, should form part of assessable value or not, has been considered by the Board. Board has also considered decision No. 3.1 on 26.4.84 of the Committee on Customs Valuation, of the then Customs Cooperation Council, regarding treatment of interest in the Customs value of imported goods
Notification No. 13/ 81-Cus. provided for duty free import of goods required by 100% EOUs for the purpose of manufacture of articles for export or for being used in connection with production or packaging of goods for exports. The process of liberalisation of imports and experiences gathered regarding the working of EOU schemes over the years has necessitated certain changes in the above said
In terms of Sr. No. 105 to Notification No. 11 / 97 – Cus. dated 01.3.97 Cold rolled coils falling under Chapter 72 of the Customs tariff are liable to basic duty of Customs @ 25% ad valorem. In this context it has been further clarified vide Board’s Telex F.No. B-31/ 2/ 97
It has come to the notice that there is no uniformity in regard to interpretation of General note 11 of Notification No. 22/ 97-Cus. (N.T.) dated 30.5.1997 (erstwhile Notification No. 49/ 96-Customs (N.T.) dated 20.10.1996) regarding All Industry Rates of Drawback. It also appears that declarations by the Merchant.
