Custom Duty
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New functionalities/features on Customs Brokers Licensing Management System
Extension of CVD on Saccharin Imports from China Until February 28, 2025
Delhi HC Permits Inspection of Seized Article in presence of Customs Authorities
Classification of imported broomsticks: CESTAT directs re-adjudication
Despite Duty Payment Under Protest cannot be treated as acceptance of re-assessment
Customs Permission for De-bonding Burnt Capital Goods Precludes Extended Limitation
Misdeclaration of goods to claim ineligible drawback CESTAT Upholds Penalty
CESTAT Grants Relief in Customs Broker License Revocation, Citing Lack of Knowledge as Reason for Omissions
Classification & Notification of Parts to manufacture ASSY-Case front: CAAR Ruling
Waste Exceeding SION Norms Exempt from Customs Duty if cleared with Proper Permissions & Payments
Customs: Summons Couldn’t Be Issued Without Specific Orders/Directions for Summoning
Duty cannot be demanded for imports against Advance Authorization if Export Obligation Met
Madras HC Directs Bills of Entry Amendment Consideration under Customs Act, Section 149
Circular No. 05/2024-Customs on Disposal of Unmanned Aircraft Systems
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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