Custom Duty
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Advance Ruling Application Rejected as Classification Issue Already Decided: CAAR Delhi
Advance Ruling Application on Roasted Areca Nut Classification Rejected Under Section 28-I: CAAR Mumbai
Roasted Areca Nut Classification Advance Ruling Application Disallowed: CAAR Mumbai
Roasted Areca Nut Classification Application Disallowed as Issue Already Decided: CAAR Mumbai
Tariff Values Revised for Edible Oils, Gold, Silver & Brass Scrap wef 16 July 2026
CESTAT, Not HC, Proper Forum for Anti-Dumping Appeal: Gujarat HC
AIFTA Customs Exemption Restored as Valid COO Certificates Were Not Revoked: CESTAT Bangalore
Customs Penalty Upheld for Undervalued Embroidery Thread Imports: CESTAT Mumbai
Personal Penalty Appeal Abates on Appellant’s Death if No Continuance Application Filed: CESTAT Chennai
CENVAT Credit Demand & Penalty Upheld as Suppression Invoked Extended Limitation: Madras HC
UK Imports Get Customs Duty Concessions with TRQ and Origin Conditions
CAAR Rejects Ruling on Roasted Areca Nut Classification Citing Madras HC Decision
Samsung ‘Moving Style’ Classifiable as ‘Other Monitor’ Under CTH 8528: CAAR Delhi
TrackMan 4 & TrackMan iO Classifiable as Other Golf Equipment Under CTH 9506: CAAR Delhi
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.
Get all the latest custom duty news and updates here at Taxguru. We offer a cohesive and detailed analysis of the relevant updates and announcements related to custom duties. We keep our site updated with all the latest updates, announcements and news on custom duty. Get to know about all the changes and updates to the custom duty challan and other such specific details.
