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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


CBIC extends validity of 3 Exemption notifications upto 31st March, 2028

February 1, 2023 1419 Views 0 comment Print

Budget 2023: CBIC extends validity of following 3 notifications till up to the 31st March, 2028 vide Notification No. 11/2023-Customs  Dated: 1st February, 2023 Notification No. 90/2009- Customs, dated 7th September, 2009 (Exemption to imports from Antarctica of goods used for or related to Indian Antarctic Expedition or Indian Polar Science Programme), Notification No. 33/2017- […]

Import duty exemption benefit to Warm blood horse for equestrian sports extended

February 1, 2023 693 Views 0 comment Print

Budget 2023: Seeks to further amend notification No. 146/94-Customs, dated the 13th July, 1994 to extend the exemption benefit to Warm blood horse for equestrian sports and extend the validity of said notification up to the 31st March, 2028 vide  Notification No. 10/2023-Customs Dated: 1st February, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF […]

Custom duty exemption on gold, silver & platinum imported under specified schemes -Reg.

February 1, 2023 1557 Views 0 comment Print

Budget 2023: Seeks to further amend notification No. 57/2000-Customs which exempts gold, silver and platinum imported under specified schemes vide Notification No. 09/2023-Customs dated: 1st February, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 09/2023-Customs | dated: 1st February, 2023 G.S.R. 74(E).– In exercise of the powers conferred by […]

India-UAE Comprehensive Economic Partnership Agreement- Custom Notification amended

February 1, 2023 1431 Views 0 comment Print

Budget 2023: Seeks to further amend notification No.22/2022-Customs regarding India-UAE Comprehensive Economic Partnership Agreement vide  Notification No. 08/2023-Customs Dated: 1st February, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 08/2023-Customs | Dated: 1st February, 2023 G.S.R. 73(E).– In exercise of the powers conferred by sub-section (1) of section 25 of the […]

Project Imports (Amendment) Regulations, 2023

February 1, 2023 2367 Views 0 comment Print

Budget 2023: Seeks to further amend notification No. 230/86-Customs by Project Import Regulations, 2023 notified vide Notification No. 07/2023-Customs Dated: 1st February, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NEW DELHI Notification No. 07/2023-Customs | Dated: 1st February, 2023 G.S.R 72(E).- In exercise of the powers conferred by section 157 of the […]

Budget 2023: Amendment in Custom duty Rates on certain electronic items

February 1, 2023 990 Views 0 comment Print

Budget 2023: Seeks to further amend notification Nos. 25/1999-Customs, 25/2002-Customs and 57/2017-Customs related to certain electronic items vide Notification No. 06/2023-Customs Dated 1stFebruary, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 06/2023-Customs | Dated 1stFebruary, 2023 G.S.R. 71(E). – In exercise of the powers conferred by sub-section (1) of section 25 […]

Notification No. 13/2021 & 34/2022-Customs, related to Social Welfare Surcharge rescinded

February 1, 2023 1785 Views 0 comment Print

Budget 2023: Seeks to rescind notification Nos. 13/2021-Customs and 34/2022-Customs, related to Social Welfare Surcharge (SWS) vide Notification No. 05/2023-Customs Dated 1st February, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 05/2023-Customs | Dated: 1st February, 2023 G.S.R. 70(E).– In exercise of the powers conferred by sub-section (1) of section 25 […]

Budget 2023: Social Welfare Surcharge levied & revised on certain items

February 1, 2023 1419 Views 0 comment Print

Budget 2023: Seeks to further amend notification No. 11/2018- Customs, dated 2nd February, 2018, to revise/provide Social Welfare Surcharge (SWS) exemption(s) on specified goods vide Notification No.04/2023-Customs Dated: 1stFebruary, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 04/2023-Customs | Dated: 1stFebruary, 2023 G.S.R. 69(E). – In exercise of the powers conferred […]

Budget 2023: AIDC levied & exempted on certain items

February 1, 2023 3108 Views 0 comment Print

Budget 2023: Seeks to further amend notification No. 11/2021- Customs dated 1st February, 2021, so as to levy/exempt Agriculture and Infrastructure Development Cess (AIDC) on certain items. vide Notification No. 03/2023-Customs Dated: 1st February, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2023-Customs | Dated: 1st February, 2023 G.S.R.68(E). – In […]

CBIC revise/provide Custom duty exemption(s) on specified goods

February 1, 2023 3015 Views 0 comment Print

Budget 2023: Seeks to further amend notification No. 50/2017- Customs, dated the 30th June, 2017, so as to revise/provide exemption(s) on the specified goods vide Notification No. 02/2023-Customs Dated: 1st February, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 02/2023-Customs | Dated: 1st February, 2023 G.S.R. 67(E).— In exercise of the […]

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