Custom Duty - Page 20

Notification No. 27/2018-Customs (N.T./CAA/DRI) Dated: 26/11/2018

Notification No. 27/2018-Customs (N.T./CAA/DRI) [S.O. 5833(E)] (26/11/2018)

Notification No. 27/2018-Customs (N.T./CAA/DRI) Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority...

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Notification No. 26/2018-Customs (N.T./CAA/DRI) Dated: 26.11.2018

Notification No. 26/2018-Customs (N.T./CAA/DRI) [S.O. 5832(E)] (26/11/2018)

Notification No. 26/2018-Customs (N.T./CAA/DRI) Director General, Revenue Intelligence, hereby appoints officer mentioned in column (5) of the Table below to act as a common adjudicating authority ...

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Sunset Review of anti-dumping investigation on Methylene Chloride import

F. No. 7/15/2018-DGAD (22/11/2018)

Sunset Review of anti-dumping investigation on the imports of “Methylene Chloride” originating in or exported from the European Union and the United States....

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Clarification for re-imports through Post

Circular No. 45/2018-Customs (19/11/2018)

Certain references have been received seeking clarification as regards applicability of notification No. 45/17-Cus, and 46/2017-Cus, both dated 30th June 2017 to the reimports of goods which were earlier exported through Post....

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Notification No. 25/2018-Customs (N.T./CAA/DRI) Dated : 16.11.2018

Notification No. 25/2018-Customs (N.T./CAA/DRI) (16/11/2018)

Notification No. 25/2018-Customs (N.T./CAA/DRI) Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of notic...

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Notification No. 24/2018-Customs (N.T./CAAIDRI) Dated:- 16.11.2018

Notification No. 24/2018-Customs (N.T./CAAIDRI) (16/11/2018)

Notification No. 24/2018-Customs (N.T./CAAIDRI) Director General, Revenue Intelligence, hereby appoints officer mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officer mentioned in column (4) of the said Table in respect of noticee...

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Extension of anti-dumping on O-Acid import from China

Notification No. 55/2018-Customs (ADD) (15/11/2018)

Seeks to extension of existing anti-dumping on O-Acid originating in or exported from China PR and imposed vide notification No. 6/2018-Customs (ADD) dated 12th March, 2018 to imports originating and exported from China PR of O-Ester....

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Customs Rate of Exchange of Foreign Currency Conversion wef 16.11.2018

Notification No.93/2018 - Customs (N.T.) (15/11/2018)

Customs Rate of Exchange of Foreign Currency Conversion wef 16.11.2018 notified vide Notification No. 93/2018 – Customs (N.T.) dated 15th November, 2018....

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Notification No. 92/2018-Customs (N.T.) Dated: 15.11.2018

Notification No. 92/2018-Customs (N.T.) (15/11/2018)

Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 92/2018-CUSTOMS (N.T.) New Delhi, 15th November, 2018 S.O. … (E).– 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 Indirect...

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Uploading of Licenses/Permits/Certificates/Other Authorizations (LPCOs) by PGAs

Circular No. 44/2018-Customs (13/11/2018)

It is proposed to introduce a facility to upload digitally signed Licenses / Permits / Certificates / Other Authorizations (LPCOs) by Participating Government Agencies (PGAs) on eSANCHIT at all ICES locations across India from 16.11.2018. ...

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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.