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Custom Duty

Custom Duty Meaning, Calculators, Rules, exemptions  Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty

Latest Articles


Legal Validity of “S/d-” on Documents: The Final Word

Custom Duty : Instead of a formal signature, some documents are marked with S/d- (an abbreviation for signed) as a form of attestation. This rai...

August 16, 2024 1062 Views 0 comment Print

High Credit Card Use Can Trigger Income Tax Scrutiny

Custom Duty : Excessive credit card spending may attract tax notices. Learn how to manage credit card transactions to avoid scrutiny and ensure ...

August 7, 2024 3978 Views 0 comment Print

Jurisdictional Overlap on Recovery Between Customs and FTDR

Custom Duty : Explore the jurisdictional conflicts in recovery proceedings under Customs Act Section 28AAA and FTDR Act, highlighting key issues...

July 31, 2024 363 Views 0 comment Print

Comprehensive Analysis of Indian Customs & GST Reforms in 2024 Budget

Custom Duty : Comprehensive review of Indian 2024 Budget reforms on Customs & GST, highlighting impacts on manufacturing, exports, and tax admin...

July 26, 2024 465 Views 0 comment Print

Budget 2024-25: Changes under Customs & Excise

Custom Duty : Discover the key changes in customs and excise duties proposed in the Union Budget 2024-25, including updated rates and legislativ...

July 24, 2024 1524 Views 0 comment Print


Latest News


CBIC invites Suggestions on Additional Import/Export Declarations for Synthetic Diamonds

Custom Duty : Government seeks suggestions on mandatory qualifiers in import/export declarations for synthetic diamonds to improve identificatio...

August 16, 2024 66 Views 0 comment Print

Budget 2024: Customs Duty Amendments – Key Changes and Rates

Custom Duty : Discover key amendments in Customs duties and tariff rates effective July 2024, including changes in Basic Customs Duty, Health Ce...

July 26, 2024 2901 Views 0 comment Print

Customs Duty Reforms: Boosting Manufacturing & Export Competitiveness

Custom Duty : Ministry of Finance unveils reforms in customs duties to support manufacturing, boost exports, and simplify taxation. Includes exe...

July 23, 2024 111 Views 0 comment Print

CBI Arrests Customs Officer in Rs 80,000 Bribery Case

Custom Duty : CBI arrests Customs Superintendent at Sahar Airport, Mumbai for accepting Rs 80,000 bribe to clear an imported consignment. Invest...

July 19, 2024 552 Views 0 comment Print

Note On API-Based Integration Between ICEGATE And IECs/CBs

Custom Duty : Explore the API integration between ICEGATE and IECs/CBs, its impact on document filing efficiency, challenges addressed, and futu...

July 17, 2024 144 Views 0 comment Print


Latest Judiciary


Penalty imposed on customs broker for non-compliance with provisions of CBLR, 2018: CESTAT Delhi

Custom Duty : CESTAT Delhi held that imposition of penalty and revocation of customs broker license justified as customs broker abetted the ille...

August 16, 2024 108 Views 0 comment Print

Rajasthan HC Directs Re-examination of Aerosol Valves Classification

Custom Duty : Rajasthan High Court orders adjudicating authority to reconsider the dual classification of Aerosol Valves under Customs Tariff He...

August 16, 2024 51 Views 0 comment Print

Customs Broker Not Liable for Importer’s Misdeclarations Without Deliberate Intent or Negligence

Custom Duty : Customs brokers must perform their duties with diligence, they should not be held responsible for penalties arising from misdeclar...

August 16, 2024 69 Views 0 comment Print

Rejection of refund claim for non-mentioning of period particulars in CA’s certificate is harsh: CESTAT Chennai

Custom Duty : CESTAT Chennai rejection of refund claim merely for non-mentioning of period particulars in CA’s certificate unjustifiable as re...

August 16, 2024 135 Views 0 comment Print

Customs Broker license cannot be suspended as a penalty: Delhi HC

Custom Duty : Delhi High Court rules that a Customs Broker license cannot be suspended as a penalty for not physically verifying the exporter's ...

August 14, 2024 240 Views 0 comment Print


Latest Notifications


Customs Tariff Values for Gold, Silver, Oils & Areca Nuts wef 15.08.2024

Custom Duty : The CBIC revises customs tariff values for crude and refined oils, brass scrap, gold, silver, and areca nuts effective August 15, ...

August 14, 2024 123 Views 0 comment Print

Launch of Exchange Rate Automation Module (ERAM) – Reg

Custom Duty : Chennai Customs introduces ERAM on ICEGATE for automated exchange rate publication, effective from 4th July 2024. Access rates onl...

August 5, 2024 399 Views 0 comment Print

Govt revises Tariff Values for Edible Oils, Metals, Areca Nuts wef 01.08.2024

Custom Duty : Notification 53/2024 updates tariff values for edible oils, brass scrap, gold, silver, and areca nuts. Effective from August 1, 20...

August 2, 2024 207 Views 0 comment Print

CBIC amends BCD Rate for Laboratory Chemicals | Notification No. 41/2024

Custom Duty : The Ministry of Finance has updated Customs Notification No. 50/2017 with a 10% BCD on laboratory chemicals. New rules apply from ...

July 31, 2024 381 Views 0 comment Print

Draft Regulations for Amendment of Customs Import Documents Timeline

Custom Duty : Learn about the new regulations for amending import documents under Section 149 of the Customs Act, 1962. Understand the timeline,...

July 29, 2024 393 Views 0 comment Print


Refunds under Customs and IGST Act

February 3, 2023 10923 Views 0 comment Print

Understand Refunds under Customs and IGST Act, legally binding provisions and requirements to claim them. Learn more on how to claim refund on non-leviable/excess duty paid. Find out more about Customs and IGST Act and check what paperwork is required!

Less Charge Demand under Customs: Legal Provisions & Procedures

February 3, 2023 963 Views 0 comment Print

Section 28 of the Customs Act, 1962 enables the recovery of duties that have not been levied, have been short levied, or have been erroneously refunded.

Merchant Overtime Fee under Customs Act, 1962

February 3, 2023 7146 Views 0 comment Print

Learn more about Merchant Overtime Fee requirements under the Customs Act, 1962, and how to comply with such requests when working with Customs. Explore the perishable cargo, life-saving drugs, and other consignments that require immediate clearance.

Consolidation of Cargo under Customs Act, 1962

February 3, 2023 1260 Views 0 comment Print

Clear cargo with Customs at an ICD/CFS from gateway ports with Consolidation of Cargo under Customs Act, 1962. Discover ICDs/CFSs near you to get your goods exported/imported without re-opening sealed containers. Learn more.

Transhipment of Cargo under Customs Act, 1962

February 3, 2023 10770 Views 0 comment Print

Learn how the Transhipment of Cargo under Customs Act, 1962 can reduce congestion at ports and airports and enable Customs clearance at doorsteps. Follow the Customs Act regulations to safely move cargo from one port/airport to another in India or overseas.

Warehousing of imported goods in Custom Bonded Warehouses

February 3, 2023 20268 Views 0 comment Print

Warehousing of imported goods in Customs Bonded Warehousing lets importers delay clearance of goods without duty payment. Learn more how this works with the Customs Act, 1962.

Import / Export Restrictions and Prohibitions under Customs Act, 1962

February 3, 2023 53667 Views 0 comment Print

Understand import/export restrictions under the Customs Act, 1962 and make sure your exports/imports follow these regulations. Avoid penalties!

Provisional Assessment under Customs Act, 1962

February 3, 2023 12321 Views 0 comment Print

This blog post offers a detailed overview of provisional assessment under Customs Act, 1962 for importers or exporters. Depositing bond, reassessment and more are discussed here.

Customs Valuation under Customs Act, 1962

February 3, 2023 37647 Views 0 comment Print

Understand Customs Valuation under Customs Act, 1962 with this guide. Learn how to determine Customs duties rates with this comprehensive overview.

Classification/Assessment of Projects Imports, Baggage and Postal Imports

February 3, 2023 1308 Views 0 comment Print

Understand the classification & assessment of project imports, baggage & postal imports in India. Duty rate uniformity & faster clearance are the advantages. Get more info here!

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