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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 1128 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 4002 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 1527 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 78 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 2910 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 558 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 114 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 54 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 75 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 144 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 147 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 increases AIDC on imports of platinum and Rhodium

October 3, 2022 1533 Views 0 comment Print

CBIC increases AIDC on imports of platinum and Rhodium vide Notification No. 53/2022-Customs | Dated the 3rd October, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 53/2022-Customs | Dated the 3rd October, 2022 G.S.R. 760 (E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 […]

CBIC increases basic customs duty on imports of platinum

October 3, 2022 3984 Views 0 comment Print

CBIC increases increase basic customs duty on imports of platinum vide Notification No. 52/2022-Customs | Dated the 3rd October, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 52/2022-Customs | Dated the 3rd October, 2022 G.S.R. 759 (E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of […]

SC decision on classification of ‘relay’ not applicable to all goods: CBIC

October 3, 2022 1740 Views 0 comment Print

Implication of the judgement of the Hon’ble Apex Court in the case of M/s Westinghouse Saxby Farmer Ltd. Vs. Commissioner of Central Excise, Kolkata-Clarification

Customs Exchange rate for Import & Export wef 01st October, 2022 of Pound Sterling

September 30, 2022 2667 Views 0 comment Print

Exchange rate Notification No. 85/2022-Cus (NT) Dated: 30th September, 2022 notifying exchange rate of Pound Sterling with effect from 01st October, 2022 against Indian Rupees for Import and Export. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS New Delhi ***** Notification No. 85/2022-Cus (NT) | Dated: 30th September, […]

Tariff Notification No. 84/2222-Customs (N.T.) | Dated: 30th September, 2022 

September 30, 2022 438 Views 0 comment Print

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Tariff Notification No. 84/2222-Customs (N.T.) | Dated: 30th September, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 84/2222-Customs (N.T.) | Dated: 30th September, 2022  S.O. 4624(E).—In exercise of the powers […]

Notification No. 86/2022- Customs (N.T.) | Dated: 30th September, 2022

September 30, 2022 870 Views 0 comment Print

Notification No. 86/2022- Customs (N.T.) | Dated: 30th September, 2022 in relation to Land Customs Stations and routes ‘the pipeline of M/s Numaligarh Refinery Ltd. connecting NRL Siliguri Marketing Terminal in India to Parbatipur in Banlgadesh’ as a route of Phulbari LCS by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994 GOVERNMENT […]

Extended period of limitation cannot be invoked due to mere change of departmental view

September 28, 2022 3351 Views 0 comment Print

Bombay High Court held that mere change of view by the department, the respondent could not have been said to have either mis-declared or suppressed facts in classifying its goods at the time of its import and hence extended period of limitation cannot be invoked.

CBIC prescribed TRQ for specialty sugar to 30,000 tons

September 28, 2022 573 Views 0 comment Print

CBIC amends notification No 25/2021-Customs to amend prescribed TRQ for specialty sugar to 30,000 tons vide Notification No. 51/2022–Customs | Dated: 28th September, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 51/2022–Customs | Dated: 28th September, 2022 G.S.R. 736(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the […]

Customs broker liable for the act of employees

September 27, 2022 738 Views 0 comment Print

Meghna Clearing and Forwarding P. Ltd Vs Commissioner of Customs (CESTAT Mumbai) In the present case the concern clerk admitted his mistake and sought for a lenient view in the matter. As per Section 58 of the Indian Evidence Act facts admitted by the parties or their agents are not required to be proved in […]

Seeks to further amend notification No. 50/2022-Customs, dated 30.06.2017

September 27, 2022 3951 Views 0 comment Print

Seeks to further amend notification No. 50/2022-Customs, dated 30th June, 2017 vide Notification No. 50/2022-Customs | Dated: 27th September, 2022. Government of India Ministry of Finance (Department Of Revenue) New Delhi, Notification No. 50/2022-Customs | Dated: 27th September, 2022 G.S.R. 730(E).— In exercise of the powers conferred by sub-section (1) of section 25 of the […]

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