Custom Duty
Log in to FollowCustom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
Modular Kitchen Baskets Not Classifiable Under Furniture Heading as Specific Tariff Entry Prevails
India Secures Duty-Free Access for 99.38% Exports Through India–Oman CEPA
CBIC Bars Direct DGFT References to Ensure Uniform FTP Interpretation
India Extends CVD on Malaysian Solar Glass as Subsidy Risk Continues
Importer Can Challenge Enhanced Customs Value Despite Consent Letter: CESTAT Allahabad
Government Notifies Customs Duty Concessions for Imports from Oman
Raw Cotton Imports Exempt from BCD and AIDC Till 31st October 2026
Customs Tariff (Determination of Origin of Goods under CEPA between India & Oman) Rules, 2026
CBIC Revises Customs Tariff Values for Palm Oil, Soybean Oil and Brass Scrap from May 30, 2026
Delhi HC Sets Aside PRC Orders Because Exporter’s ICEGATE Glitch Claim Was Ignored
n-Hexane Not ‘Motor Spirit’ Without Proof of Engine Use Suitability: SC
CESTAT Dismisses Valuation Appeal as Importer Unconditionally Accepted Enhanced Customs Value
Calcutta HC Upholds Cost Recovery Charges Despite Absence of Formal Sanction of Customs Posts
CESTAT Deletes Customs Broker Penalty as Misclassification Not Amounts to Misdeclaration
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.
