Custom Duty - Page 20

Changes in Custom Law as per second protocol amending India Singapore CECA

Notification No. 61/2018-Customs [G.S.R. 882 (E)] (14/09/2018)

CBIC seeks to further amend the Notification No. 73/2005 – Customs, dated the 22nd July, 2005 and Notification No. 10/2008- Customs, dated the 15th January, 2008 to bring about necessary changes as per the second protocol amending the India Singapore Comprehensive Economic Cooperation Agreement (CECA). GOVERNMENT OF INDIA MINISTRY O...

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Custom Tariff Notification No. 78/2018-Cus (NT) dated 14.09.2018

Notification No. 78/2018-customs (N.T.) [S.O. 4869 (E)] (14/09/2018)

Tariff  Tariff Notification No. 78/2018-Cus (NT) dated 14.09.2018 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. 78/2018-CUSTOMS (N.T.) New Del...

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Notification 47/2018-Cus (ADD), dated:14-09-2018 

Notification No. 47/2018-customs (ADD) [G.S.R. 883 (E)] (14/09/2018)

Seeks to rescind Notification No. 10/2017-Customs (ADD) dated 24th March, 2017 vide Notification 47/2018-Cus (ADD), dated:14-09-2018 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 47/2018-Customs (ADD) New Delhi, the 14th September, 2018 G.S.R. 883(E).- In exercise of the powers conferred by sub-sections (1...

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Anti-dumping duty on imports of Flat Base Steel Wheels from China

Notification No. 46/2018-Customs (ADD) (13/09/2018)

seeks to impose definitive anti-dumping duty on the imports of “Flat Base Steel Wheels” originating in or exported from China PR for a period of 5 years at prescribed rates vide Notification No. 46/2018-Customs (ADD) dated 13th September, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 46/2...

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Notification No. 45/2018-Customs (ADD)- Dated 13.09.2018

Notification No. 45/2018-Customs (ADD) [G.S.R. 876 (E)] (13/09/2018)

CBIC rescinds notification No. 3/2013-Customs (ADD) dated 26.03.2013 vide Notification No. 45/2018-Customs (ADD) Dated 13th September, 2018. Government of India Ministry of Finance Department of Revenue New Delhi Notification No. 45/2018-Customs (ADD) Dated; 13th September, 2018 G.S.R. 876(E).- In exercise of the powers conferred by sub-s...

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CBIC withdraws instruction on Safeguard duty on Solar cells

Instruction No. 14/2018 – Customs (13/09/2018)

Vide notification No. 1/2018-Customs (SG), dated 30th July, 2018, safeguard duty has been imposed on Solar cells whether or not assembled in modules or panels falling under sub-heading 8541 or tariff item 8541 40 11 of the Customs Tariff Act, 1975 at specified rates for a period of two years....

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Customs officers have no jurisdiction to seize goods in SEZ

Shri Imran Ahmed Vs Commissioner of Customs (CESTAT Allahabad)

We hold that the Customs officers have no jurisdiction on the appellant to seize the goods in S.E.Z. area therefore seizure of the goods in question is set aside. Consequently, no demand can be confirmed against the appellants. Therefore the confiscation of the impugned goods is also set aside....

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Reg. Re-import of certain indigenously manufactured electronic goods

Notification No. 60/2018–Customs [G.S.R. 860 (E)] (11/09/2018)

Seeks to amend notification No. 158/95-Customs dated 14th November, 1995 to allow re-import of certain indigenously manufactured electronic goods, for repair and reconditioning within seven years from the date of exportation, without payment of basic customs duty subject to the condition that the goods are re­-exported back after repair ...

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Exemption Notifications must be interpreted strictly: The Supreme Court Constitution Bench Judgment

SC in Constitution Bench of Five Judges judgment in the case of Commissioner of Customs (Import) Mumbai Vs. M/s Dilip Kumar and Company and Ors has held that the benefit of ambiguity in exemption notification (which is subject to strict interpretation) cannot be claimed by the subject/assessee and it must be interpreted in favour of the r...

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Reg. Anti-Dumping Duty on ‘Graphite Electrodes of all diameters’

Notification No. 44/2018-Customs (ADD) (06/09/2018)

G.S.R.... (E). - Whereas, the designated authority vide notification number 7/13/2018-DGAD, dated the 4th April, 2018 published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 4th April, 2018, had initiated the Mid-term Review in term of section 9A of the Customs Tariff Act, 1975 (51 of 1975), (hereinafter referred t...

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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.