Custom Duty
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Customs Revises Tariff Values for Oils, Gold, Silver & Areca Nuts wef 06.02.2026
Phosphatidylserine Classifiable Under Chapter 29 Due to Phosphoaminolipid Nature: CAAR Delhi
Madras HC Quashed Customs Authority’s Objection on F-Card Jurisdiction for Lack of Legal Basis
No Classification Ruling; EV Parts Denied 15% Customs Benefit: CAAR Delhi
PVC and PS Wall Panels Classifiable as Plastic Sheets: CAAR Delhi
CAAR Classified Decorative Plastic Panels as Sheets, Not Builders’ Ware
CAAR Classified Brass Rods as Copper-Zinc Alloy Rods Based on Composition
CAAR Dropped Advance Ruling After Withdrawal Request Before Decision
Customs Order Quashed for Being Non-Speaking on Advance Authorisation Import Exemption
4% SAD Refund Can’t Be Denied on Technicalities When CA Certificate Confirms No Unjust Enrichment
Budget 2026 FAQs on Budget Proposals related to Custom Duty & Excise
LED Drivers Classifiable as Static Converters as Their Primary Function Is AC to DC Power Conversion: CAAR Mumbai
Decorative PVC & PS Wall Panels Classifiable Under Heading 3921 as They Remain Plastic Sheets
Actuator and Tube Clutch is classifiable under residual entry of 8708 9900: CESTAT Chennai
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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