Custom Duty - Page 20

Provisional assessment of jute goods exported from Bangladesh or Nepal

Notification No. 31/2018-Customs (ADD) (30/05/2018)

Seeks to provide for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation (Exporter/ Trader) till the final findings of New Shipper Review in this regard are recieved. ...

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Provisional assessment of jute goods import into India from Bangladesh or Nepal

Notification No. 30/2018-Customs (ADD) (30/05/2018)

Seeks to provide for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s Janata Jute Mills Ltd.(Producer) till the final findings of New Shipper Review in this regard are received. ...

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Govt to issue pending IGST refund on the basis of undertakings/ submission of CA certificates

Circular No. 12/2018-Customs (29/05/2018)

Following procedure is being prescribed to overcome the problem of GST / IGST refund blockage. This would be an interim solution subject to undertakings/ submission of CA certificates by the exporters as given below and post refund audit scrutiny....

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Reg. Single Window clearance of food consignments by Customs officers

Instruction No. 10/2018-Customs (29/05/2018)

Kind reference is invited to Board Circular Nos. 03/2016-customs dated 03.02.2016 and 10/2016-customs dated 15.03.2016 regarding the operationalization of the Single Window Interface for Facilitation of Trade (SWIFT) from 01st April, 2016 at all EDI locations throughout India....

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Anti-dumping investigation concerning imports of Castings for Wind Operated Electricity Generators- Reg.

Notification No. 14/28/2013-DGAD (28/05/2018)

Re-examination of the Final Finding dated 28.07.2017 issued by the Designated Authority, pursuant to the CESTAT Final Order No. AD/A/50938-50942/2018-CU[DB] dated 13.03.2018 in the matter of Anti-dumping investigation concerning imports of Castings for Wind Operated Electricity Generators, whether or not machined, in raw, finished or sub-...

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Anti-dumping investigation concerning imports of Castings for Wind Operated Electricity Generators

No.14/28/2013-DGAD (28/05/2018)

Re-examination of the Final Finding dated 28.07.2017 issued by the Designated Authority, pursuant to the CESTAT Final Order No. AD/A/50938-50942/2018-CU[DB] dated 13.03.2018 in the matter of Anti-dumping investigation concerning imports of Castings for Wind Operated Electricity Generators, whether or not machined, in raw, finished or sub-...

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Notification No. 5/2018-Customs (N.T./CAA/DRI), Dated: 28.05.2018

Notification No. 5/2018-Customs (N.T./CAA/DRI) (28/05/2018)

S.O. (E). - In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30th November 2015 in Gazette of Ind...

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AIRs of Duty Drawback on Silver Jewellery and Silver Articles

Notification No. 46/2018-Customs (N.T.) (25/05/2018)

Regarding amendment in notification No. 89/2017-Cus (N.T.) dated 21.09.2017 relating to AIRs of Duty Drawback on Silver Jewellery and Silver Articles...

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Seeks to amend Notification No. 44/2017-Customs (ADD) dated 12.09.2017

Notification No. 29/2018-Customs (ADD) (25/05/2018)

Central Government, hereby makes the following amendment in Notification No. 44/2017-Customs (ADD) dated 12.09.2017- In the said notification, in the TABLE, against serial number 1, in column (7), the entry Euro Chem Trading GMBH Through Rawfert Offshore Sal, Lebanon shall be substituted....

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Anti-dumping duty on imports of ‘Saturated Fatty Alcohols

Notification No. 28/2018-Customs (ADD) (25/05/2018)

NOTIFICATION No. 28/2018-Customs (ADD) Seeks to impose definitive anti-dumping duty on imports of 'Saturated Fatty Alcohols originating in, or exported from Indonesia, Malaysia and Thailand...

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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 Taxguru.com

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.