Custom Duty
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Customs duty cannot be demanded jointly & severally: CESTAT deleted penalty u/s 114A
Tariff Values of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver from January 16, 2025
Sea Cargo Manifest and Transshipment (First Amendment) Regulations, 2025
CESTAT Kolkata allows 12% Interest for 15-Year Refund Delay
Pre deposit u/s 129E was paid under protest: CESTAT remanded the appeal
Customs Notification 01/2025: New Cargo Facility at Virudhunagar, Ahmedabad
Refund of Extra Duty Deposit should be provided automatically without requiring separate refund application
No Penalties for Not Filing Transshipment Bill as Clearance Remains Valid
Appeals were abated post RP approval by NCLT under IBC as it became non-est in law
Appeal couldn’t be rejected based on non-compliance u/s 129E of Customs Act
Service of Customs notice via e-mail necessary to prevent improper service to parties: Delhi HC
Department needs to prove un-printed sheets of Taiwanese origin for levy of anti-dumping duty
CESTAT Allow Interest @12% for Delay of 15 years in granting Export Duty Refund in account of Inaction by Kolkata Customs
Mandatory Rollout of SCMTR Regulations from January 16, 2025
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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