Custom Duty - Page 3

Notification No. 7/2019-Customs (N.T./CAA/DRI) dated 27.02.2019

Notification No. 7/2019-Customs (N.T./CAA/DRI) [S.O. 1037(E)] (27/03/2019)

Notification No. 7/2019-Customs (N.T./CAA/DRI) dated 27.02.2019- Appointment of Common Adjudicating Authority. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 7/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 27th February, 2...

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Notification No. 6/2019-Customs (N.T./CAA/DRI) dated 27.02.2019

Notification No. 6/2019-Customs (N.T.) [S.O. 1036(E)] (27/02/2019)

Notification No. 6/2019-Customs (N.T./C AA/DRI) dated 27.02.2019- Appointment of Common Adjudicating Authority Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 6/2019-Customs (N.T./CAA/ EXTENSION/DRI) New Delhi, dated the 27th ...

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Notification No. 5/2019-Customs (N.T./CAA/DRI) dated 27.02.2019

Notification No. 5/2019-Customs (N.T./CAA/DRI) [S.O.1035(E)] (27/02/2019)

Notification No. 5/2019-Customs (N.T./CAA/DRI) dated 27.02.2019- Appointment of Common Adjudicating Authority Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 5/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 27th February, 20...

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Procedure for Movement of Coastal Goods through foreign territory

Circular No. 8/2019-Cus. (26/02/2019)

Issues related to carriage of coastal cargo from one Indian port to another port in foreign going vessels/coastal vessels through foreign territory-regarding....

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CBIC postpones increase in customs duty on specified imports from USA

Notification No. 06/2019-Customs (26/02/2019)

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 2nd March, 2019 to 1st April, 2019 vide Notification No. 06/2019-Customs Dated 26th February, 2019....

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Notification No. 14/2019-Customs (N.T.) Dated: 26.02.2019

Notification No. 14/2019-Customs (N.T.) (26/02/2019)

Notification No. 14/2019-Customs (N.T.) CBIC hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 82/2017-Customs (N.T.), dated the 24th August, 2017, published vide number G.S.R. 1064(E), dated the 24th August, 2017, namely:—...

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Anti-dumping duty on Textured Tempered Coated & Uncoated Glass

Notification No. 12/2019-Customs (ADD) (26/02/2019)

Seeks to impose definitive anti-dumping duty on Textured Tempered Coated and Uncoated Glass originating in or exported from Malaysia vide Notification No. 12/2019-Customs (ADD) MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 12/2019-Customs (ADD) New Delhi, the 26th February, 2019 G.S.R. 156(E).—Whereas, in the matter of ...

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Discontinuation of printing of Advance & EPCG Authorisations- Reg.

Circular No. 07/2019-Customs (21/02/2019)

Circular No. 07/2019-Customs F.No.605/30/2015-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Indirect Taxes and Customs (Drawback Division) **** 4th Floor, Jeevan Deep Building, Parliament Street, New Delhi Dated 21st February, 2019 To All Principal Chief Commissioners/ Chief Commissioners of Customs/C...

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Customs Rate of Exchange of Foreign Currency wef 22.02.2019

Notification No.13/2019 -Customs (N.T.) (21/02/2019)

Customs Rate of Exchange of Foreign Currency Conversion wef 22.02.2019 notified vide Notification No. 13/2019 – Customs (N.T.) dated 21st February, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 13/2019 – Customs (N.T.) New Delhi, dated the...

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CBIC Rescinds Circular No. 132/95-Customs dated 22.12.1995

Circular No. 06/2019-Customs (20/02/2019)

Board vide its Circular No. 35/2016-Customs dated 29thJuly, 2016, has already removed the mandatory warehousing requirements for EOUs, STPIs, EHTPs etc. Further, the said Circular clarified that all these units shall stand delicensed as warehouses under Customs Act, 1962, with effect from 13th August, 2016. Therefore, section 65 of the ...

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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.