Custom Duty
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CBIC Appoints Common Adjudicating Authority – N/N 22/2025-Customs (N.T.)
SEZ Duty Payment via TR6 Challan Temporarily Allowed
No customs duty demand as SAD Exemption was applicable on De-Bonding
Advance Ruling Denied for Areca Nuts Classification for Sub-Judice matter
Notification No. 23/2025-Customs, Dated: 4th April, 2025
CBIC to Enable E-Processing for Import/Export via Air
Polyethylene Glycol (CAS No. 25322-68-3) Not Classified Under SCOMET: DGFT
New Regulations for Post-Export Shipping Bill Changes & Electronic Amendments
Export Entry (Post export conversion in relation to instrument based scheme) Regulations, 2025
Refund of excess duty allowed as Bill of Entry was filed belatedly due to system error
NIDB data cannot form the basis for Enhancement of Value under Customs Act
Importer’s Acceptance Alone Not Sufficient for Customs Valuation: CESTAT Chennai
CESTAT Chennai Allows Benefit of Concessional Customs Duty Based on Retrospective Clarification
Calcutta HC Stays Customs Show-Cause Notice Against Hinduja Global Solutions
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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