Custom Duty - Page 3

Exchange Rates Notification No. 39/2019-Custom (NT) dated 31.05.2019

Notification No. 39/2019 - Customs (N.T.) (31/05/2019)

Notification No. 39/2019 - Customs (N.T.)- CBEC hereby makes the following amendments in the Central Board of Indirect Taxes and Customs Notification No.37/2019-CUSTOMS (N.T.), dated 16th May, 2019 with effect from 1st June, 2019....

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Tariff Notification No. 38/2019-Custom (NT) dated 31.05.2019

Notification No. 38/2019-Customs (N.T.) (31/05/2019)

Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nuts, Gold and Sliver notified vide Notification No. 38/2019-CUSTOMS (N.T.) Dated 31st May, 2019. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 38/2019-Customs (N.T.) New Delhi, 31st May, 2019  S.O...

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Notification No. 23/2019-Customs (N.T./CAA/DRI) Dated: 27.05.2019

Notification No. 23/2019-Customs (N.T./CAA/DRI) [S.O. 1855(E)] (27/05/2019)

Notification No. 23/2019-Customs (N.T./CAA/DRI) Principal 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 respec...

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Notification No. 22/2019-Customs (N.T./CAA/DRI), Dated: 27.05/2019

Notification No. 22/2019-Customs (N.T./CAA/DRI) [S.O. 1854(E)] (27/05/2019)

Notification No. 22/2019-Customs (N.T./CAA/DRI) Principal 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 respec...

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Draft Customs (Import of Goods at Concessional Rate of Duty) (Amendment) Rules, 2019

Draft Notification No. __/2019 – Customs (N. T.) (27/05/2019)

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. __/2019 – Customs (N. T.) New Delhi, the __May, 2019 G.S.R. (E). – In exercise of the powers conferred by section 156 ...

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Guidelines for launching of Prosecution in relation to Custom offences

Circular No. 12/2019-Customs (24/05/2019)

Customs regarding Guidelines for launching of Prosecution in relation to offences punishable under the Customs Act, 1962--foreign currency, foreign nationals. Circular No. 12/2019-Customs Dated- 24/05/2019...

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CBIC notifies Rate of Exchange of Foreign Currencies wef 17.05.2019

Notification No. 37/2019 - Customs (N.T.) (16/05/2019)

Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 17th May, 2019 notified vide Notification No. 37/2019–Customs (N.T.) dated 16th May, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 37/2019 – Customs (N.T.) New Delhi, dated the...

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Tariff Notification No. 36/2019-Customs (N.T.) dated 15th May, 2019

Notification No. 36/2019-Customs (N.T.) (15/05/2019)

Tariff Notification No. 36/2019-CUSTOMS (N.T.) Dated 15th May, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 36/2019-CUSTOMS (N.T.) New Delhi, 1...

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CBIC postpones increase of duty on specified imports from USA to 16.06.2019

Notification No. 15/2019-Customs (14/05/2019)

Notification No. 15/2019-Customs- Seeks to further amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 16th May, 2019 to 16th June, 2019. MINISTRY OF FINANCE (Department of Revenue) Notification No. 15/2019-Customs New Delhi, the ...

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Notification No. 21/2019-Customs (N.T./CAA/DRI), Dated: 13.05.2019

Notification No. 21/2019-Customs (N.T./CAA/DRI) (13/05/2019)

Notification No. 21/2019-Customs (N.T./CAA/DRI) Principal 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 respe...

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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.