Custom Duty
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Chennai Customs notified procedure for generating Transshipment Bonds
CBIC Extends Customs Duty Exemption Till 15 July 2026 Due to West Asia Supply Disruptions
CBIC Extends Sea Cargo Manifest Compliance Deadline to 31 August 2026
Provisional Assessment Can Continue as Pendency of Writ Is No Bar: Bombay HC
Customs Authorities Cannot Use Arbitrary Loading as Rule 8 Prohibits Fictional Valuation
CBIC Rolls Out Pan-India SCMTR Implementation, Extends Transition Relief to 31 August 2026
Glucometers Fall Under CTH 9027 as Analytical Function Prevails Over Medical Use
Custom Appeal Filed After Public Holiday Must Be Examined as General Clauses Act May Apply
Customs Appeal Abated as Appellant Died During Pendency of Proceedings
Tariff Values for Palm Oil, Soybean Oil, Gold, Silver & Brass Scrap wef 01.07.2026
CBIC Extends AIDC Exemption on Ammonium Nitrate Imports Till 15 July 2026
CBIC Extends Nil Customs Duty on 40 Petrochemical Products Till 15 July 2026
Customs Supervision Charges Payable on MOT, Not CRC: CESTAT Kolkata
Certificate of Origin HS Code Cannot Override Customs Classification, CESTAT Grants Exemption
Latest Custom Duty News
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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.
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