Custom Duty - Page 5

Notification No. 9/2019-Customs (ADD) Dated: 12.02.2019

Notification No. 9/2019-Customs (ADD) [G.S.R. 104(E)] (12/02/2019)

Seeks to amend notification No. 52/2017- Customs (ADD) dated 24.10.2017 Government of India Ministry of Finance (Department of Revenue) Notification No. 9/2019-Customs (ADD) New Delhi, the 12th February, 2019 G.S.R. 104(E).- In exercise of the powers conferred by sub-sections (1), (1A) and (5) of section 9A of the Customs Tariff Act,1975...

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Notification No. 8/2019-Customs (ADD) Dated 12th February, 2019

Notification No. 8/2019-Customs (ADD) [G.S.R. 103(E)] (12/02/2019)

Central Government, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 61/2015- Customs (ADD), dated the 11th December, 2015, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 955(E), dated the...

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CESTAT upheld Order sanctioning refund after rectifying clerical mistakes in shipping bills

Commissioner of Central Excise, Customs & Service Tax Vs M/s Mideast Integrated Steels Ltd. (CESTAT Hyderabad)

Order sanctioning refund by the first appellate authority (FAA) was upheld after rectifying the clerical/ arithmetical mistakes in the shipping bills....

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Customs Rate of Exchange of Foreign Currency wef 08.02.2019

Notification No. 09/2019-Customs (N.T.) (07/02/2019)

Exchange Rates Notification No. 09/2019-Custom (NT) dated 07.02.2019...

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Notification No. 7/2019-Customs (ADD), Dated: 07.02.2019

Notification No. 7/2019-Customs (ADD) (07/02/2019)

Seeks to impose definitive anti-dumping duty on imports of “Non-Plasticized Industrial Grade Nitrocellulose Damped in Isopropyl Alcohol having Nitrogen content in the range of 10.7% to 12.2%” originating in or exported from Brazil, Indonesia and Thailand vide NOTIFICATION No. 7/2019-Customs (ADD) dated 7th February, 2019. GO...

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Notification No. 4/2019-Customs, Dated: 07.02.2019

Notification No. 4/2019-Customs [G.S.R. 98(E)] (07/02/2019)

Seeks to further amend Notification No. 08/2016- customs dated the 5th February 2016 to allow temporary importation of aircrafts, for the purposes of participation in Aero Show organised by the Central Government, without furnishing a bank guarantee or cash deposit [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION ...

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Customs Brokers Licensing (Amendment) Regulations, 2019

Notification No. 08/2019-Customs (N.T.) (06/02/2019)

CBIC notifies Customs Brokers Licensing (Amendment) Regulations, 2019 and amends Customs Brokers Licensing Regulations, 2018 vide Notification No. 08/2019-Customs (N.T.) dated 6th February, 2019. ...

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Analysis of Custom Rate change Notification No. 03/2019 dated 29.01.2019

Notification No: 3/2019 (04/02/2019)

Amendment vide Notification No. 03/2019 – Customs dated 29th January, 2019 in BCD rate on Electric Vehicle (EV) and their specified part and raw material for manufacture of Lithium ion cells with effect from 30th January 2019 Earlier Notifications : Principal notification No.50/2017-Customs, dated the 30th June, 2017   and notifi...

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Custom BCD rate changes wef 30th January 2019

Principal Notification No. 02/2019 – Customs Dated: 29th January, 2019. Amendment Notifications: notification No.57/2017-Customs, dated the 30th June, 2017  and  notification No. 75/2018 -Customs, dated the 11th October, 2018 Effective Date: 30th January 2019 Sl. No. Heading Description of services Rate Conditions Old Amendment Old ...

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Rationalization of customs duty & procedures to boost Make in India initiative 

Rationalization of customs duty and procedures to give boost to ‘Make in India’ initiative  RFID technology to be used to improve export logistics  The Government has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative. While presenting the Interim Budget 2019-20 in Parli...

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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

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.