Custom Duty
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Government Revises Preferential Customs Rates Under India-UAE CEPA
Concessional Customs Duty on Gold, Silver & Platinum Imports raised to 10%
Government Revises SWS and AIDC Rates on Gold & Silver
Customs Duty on Gold and Silver Increased to 10%
CESTAT Rejects ADD Demand Due to Lack of Proof on Alleged Iran Origin of Imported Goods
Curved Molybdenum Shields Are Finished Articles, Not Flat Products: CESTAT Delhi
CAAR Denies Complete Elevator Classification Due to Missing Essential Components
CBIC Notifies Village Namli as Customs Point
Extraneal Peritoneal Dialysis Solution correctly classifiable under CTH 9018: CESTAT Chennai
Customs Department Cannot Reject Declared Import Value Without Proper Verification: CESTAT Kolkata
Revised Custom Tariff Values for Gold, Silver & Edible Oils wef 9th May, 2026
CESTAT Rejects SAD Refund Claim as Duty Must Be Paid Before Seeking Refund
CAAR Rejects Advance Ruling as Roasted Areca Nut Classification Was Already Decided by Madras HC
CBIC Clarifies Safeguard Duty Exemptions as Importers Must Declare INFO Codes in Bill of Entry
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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