Custom Duty
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DSIR Customs Exemption Applies Only to Research Activities, Not Exhibit Batch Manufacturing: CAAR
Galaxy-Marked Diamond Stones Are Semi-Processed Diamonds, CAAR Denies Customs Duty Exemption
Anti-Dumping Duty Not Applicable on Laser Engraving Machines: CAAR
CAAR Classifies Greek Zante Currants as Raisins Due to Their Nature as Dried Vitis Vinifera Grapes
CAAR Classifies ESP32 Development Board & Module Under HSN 85176290
CAAR Classifies Empty Semen Storage Straws Under HSN 3926, Not 9018
Customs Seizure Upheld as Reasonable Belief Existed Under Section 110: Gauhati HC
CBIC Revises Tariff Values for Palm/Soybean Oil, Silver & Brass Scrap from 30.06.2026
Strict Compliance With Custom Duty Exemption Notification Required: CESTAT Hyderabad
Customs Seizure Quashed as Foreign Origin of Areca Nuts Was Not Established
Customs Must Follow Sequential Valuation Rules Before Invoking Rule 8: CESTAT Delhi
CESTAT Sets Aside DEPB Denial as Assessed Shipping Bills cannot Be Reopened After Export
Gujarat HC Quashes Corrigendum for Introducing Fresh Allegations After Hearing
Bail was granted to Games Kraft Directors; arrests by ED was declared Illegal in PMLA Case
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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