Custom Duty
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Refund limitation period doesn’t apply to Extra Duty Deposit as it is not customs duty: Delhi HC
Reduction of Import Duties/Taxes on Life-Saving Drugs for Rare Diseases
Non-adjudication of notice for about 15 years due to repeated placing in call book not justified
Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver wef 14.03.2025
Gold Confiscation Order Quashed Due to Lack of Reasonable Belief in Smuggling Case
No export duty payable on Indian Refractory Mortar classifiable under CTH 38160000
CESTAT Sets Aside Customs Broker License Revocation for Procedural Delays
CESTAT Chennai Dismisses CHA License Suspension Appeal as infructuous
CESTAT Cannot Remand Case to Authority Other Than Original Adjudicating Authority
Unjust Enrichment Not Applicable to Short-Landed Goods Uncleared for Home Consumption
Govt extends concessional duty on Yellow Peas till 31st May, 2025
Govt amends import duty on Lentils (Mosur) from 8th March 2025
Anti-Dumping Duty on Trichloro Isocyanuric Acid import from China & Japan
CESTAT orders without reasons are not sustainable: SC
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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