Custom Duty - Page 2

Definitive CVD on import of Hot / Cold Rolled Stainless Steel Flat Products

Notification No. 1/2017-Customs (CVD) (07/09/2017)

Seeks to impose definitive Countervailing duty on the imports of Certain Hot Rolled and Cold Rolled Stainless Steel Flat Products originating in or exported from China PR - 1/2017-Customs(CVD) - Anti Dumping Duty...

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CBEC reduces BCD on raw sugar upto a quantity of 3 lakh MT from 50% to 25%

Notification No. 74/2017-Customs (07/09/2017)

Seeks to further amend notification No.50/2017-Customs dated the 30th June, 2017, so as to reduce the BCD on raw sugar[1701] upto a quantity of 3 lakh MT from 50% to 25% subject to the Tariff Rate Quota Allocation Certificate or license, as the case may be, issued by DGFT ...

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Customs – Self-Sealing Latest Developments

The Central Board of Excise and Customs (CBEC), last Monday issued a circular (In continuation of Circular No. 26/2017 dated 01.07.2017) regarding Implementation of Electronic Sealing of Containers by Exporters w.e.f. 1st October 2017....

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Difficulties related to recent amendments in Customs Act, 1962

Instruction No 12/2017-Customs (31/08/2017)

Kind reference is drawn to Notification No. 26/2017-Customs (N T.) and Notification No. 27/2017-Customs (N.T.) dated 31.03.2017, amending Bill of Entry (Electronic Integrated Declaration) Regulations, 2011 and Bill of Entry (Forms) Regulations, 1976 respectively to prescribe late charges for delayed presentation of Bill of Entry. ...

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Notification No. 83/2017-Customs (N.T.), dated: 31.08.2017

Notification No. 83/2017-Customs (N.T.) (31/08/2017)

Notification No. 83/2017-Customs (N.T.)– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in th...

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Anti-dumping duty on Styrene Butadiene Rubber (SBR)-Reg.

Notification No. 43/2017-Customs (ADD) (30/08/2017)

Notification No. 43/2017-Customs (ADD) Seeks to impose anti-dumping duty on Styrene Butadiene Rubber (SBR),originating in or exported from European Union, Korea RP or Thailand....

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Anti-dumping duty, on Castings for Wind Operated Electricity Generators

Notification No. 42/2017-Customs (ADD) (30/08/2017)

Notification No. 42/2017-Customs (ADD) Seeks to levy definitive anti-dumping duty, on Castings for Wind Operated Electricity Generators originating in or exported from China PR for a period of five years (unless revoked, superseded or amended earlier)...

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Anti-dumping duty on import of Metronidazole from China to continue

Notification No. 41/2017-Customs (ADD) (29/08/2017)

Seeks to continue anti-dumping duty in force concerning imports of Metronidazole originating in exported from China PR vide Notification No. 41/2017-Customs (ADD)...

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Electronic Sealing for Containers by exporters under self-sealing procedure-Reg.

Circular No. 36/2017-Customs (28/08/2017)

In continuation of the Board circular 26/2017-Customs dated 1.7.2017 regarding self-sealing of containers by exporters using electronic seals, the Board has approved the following procedure which shall be adhered to by exporters opting for self-sealing....

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Anti-dumping duty on imports of Sodium Nitrite from China

Notification No. 40/2017-Customs (ADD) (25/08/2017)

G.S.R. (E).-Whereas, the designated authority vide notification No. 15/06/2016-DGAD dated the 27th July, 2016, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 27th July, 2016, had initiated third sunset review investigation in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975)...

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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.