Custom Duty - Page 2

Notification No. 8/2019-Customs (N.T./CAA/DRI), Dated: 12.03.2019

Notification No. 8/2019-Customs (N.T./CAA/DRI) (12/03/2019)

Notification No. 8/2019-Customs (N.T./CAA/DRI) In the Table to the said notification, against serial number 26, in column 5 for the existing entry Principal Commissioner/ Commissioner of Customs, Noida Customs Commissionerate, Noida shall be substituted....

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Rebate under RoSCTL on export of garments and made-ups- Reg.

Circular No. 10/2019-Customs (12/03/2019)

Ministry of Textiles (MoT) has notified a new scheme called Scheme for Rebate of State and Central Taxes and Levies on export of garments and made-ups (hereinafter referred to as RoSCTL) vide notification No. 14/26/2016-IT (Vol II) dated 7.3.2019. The new scheme has come into effect from 7.3.2019. ...

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Customs Rate of Exchange of Foreign Currency wef 08.03.2019

Notification No. 21/2019 - Customs (N.T.) (07/03/2019)

Customs Rate of Exchange of Foreign Currency Conversion wef 08.03.2019 notified vide Notification No. 21/2019 – Customs (N.T.) dated 7th March, 2019....

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Notification to give effect to amendment made in India-Singapore CECA

Notification No. 20/2019 -Customs (N.T.) (06/03/2019)

These rules may be called the Customs Tariff Determination of Origin of Goods under the Comprehensive Economic Cooperation Agreement between the Republic of India and Republic of Singapore (Amendment) Rules, 2019....

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Writ Petitions on Safeguard Duty on ‘Solar cells whether or not assembled in modules or panels’ -reg

F.No.276/206/2018-CX.8A (05/03/2019)

Since number of petitions on similar issue have been filed in various High Courts throughout the country, the undersigned has been directed to request you that Hon’ble High Courts may please be apprised of the fact that the similar issue is sub-judice before the Hon’ble Supreme Court, so that any adverse interim/final order by the res...

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Relevant Date for Determination of Rate of Duty & Tariff Valuation under Customs Act, 1962

Introduction Rate of duty and Tariff Valuation in case of Import and export of Goods is determined on the basis of Rate applicable on the Relevant date, which has been discussed below. 1. Date of determination of Rate of duty and tariff valuation of Imported Goods [Section 15 of Customs Act, 1962] Relevant date for […]...

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Amendment to Notification No. 63/1994-Customs (N.T) w.r.t Golakganj LCS

Notification No. 19/2019- Customs (N.T.) [S.O. (E).115(E)] (01/03/2019)

Amendment to the Notification No. 63/1994-Customs (N.T) dated 21st November, 1994, w.r.t Golakganj LCS GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 19/2019- Customs (N.T.) New Delhi, the 01st March, 2019 S.O. (E).115(E) – In exercise of the powers conferred by clauses (b) and (c) of sub-section (1) of...

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Turant Customs-Next generation reform for Ease of Doing Business

Circular No. 09/2019- Customs (28/02/2019)

A critical component of The World Bank`s Ease of Doing Business (EODB) Index rankings 2019 is its `Trading Across Borders` category in which India now stands at rank 80, a huge jump of 66 ranks from 146 in 2018. This was made possible largely due to several reform measures initiated and implemented by the CBIC, which inter alia include SW...

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Tariff Notification No. 18/2019-Customs (N.T.) Dated 28.02.2019

Notification No. 18/2019-Customs (N.T.) [S.O. 1066(E)] (28/02/2019)

Tariff Notification No. 18/2019-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 18/2019-CUSTOMS (N.T.) New Delhi, Dated: 28th Februa...

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Sea Cargo Manifest and Transhipment (Amendment) Regulations, 2019

Notification No. 17/2019-Customs (N.T.) (27/02/2019)

These regulations may be called the Sea Cargo Manifest and Transhipment (Amendment) Regulations, 2019. They shall come into force on the date of their publication in the Official Gazette....

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Latest Custom Duty News

Read all the headlines and latest custom duty news, updates and announcements regarding Customs Act, changes in custom duty rates and custom duty challans only at

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.