Custom Duty - Page 5

Notification No. 19/2019-Customs (N.T./CAA/DRI) Dated: 22.04.2019

Notification No. 19/2019-Customs (N.T./CAA/DRI) (22/04/2019)

Notification No. 19/2019-Customs (N.T./CAA/DRI) Principal Director General, Revenue Intelligence, hereby makes the following amendment in the Notification No. 25/2018-Customs (N.T./CAA/DRI) dated 16.11.2018 published vide S.O. 5770 (E) dated 16.11.2018....

Read More

Notification No. 18/2019-Customs (N.T./CAA/DRI) Dated: 22.04.2019

Notification No. 18/2019-Customs (N.T./CAA/DRI) (22/04/2019)

Notification No. 18/2019-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...

Read More

Notification No. 17/2019-Customs (N.T./CAA/DRI) Dated: 22.04.2019

Notification No. 17/2019-Customs (N.T./CAA/DRI) (22/04/2019)

Notification No. 17/2019-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...

Read More

Notification No. 16/2019-Customs (N.T./CAA/DRI), Dated: 22.04.2019

Notification No. 16/2019-Customs (N.T./CAA/DRI) (22/04/2019)

Notification No. 16/2019-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...

Read More

CBIC notifies Rate of Exchange of Foreign Currencies wef 19.04.2019

Notification No. 32/2019-Customs (N.T.) (18/04/2019)

Customs Rate of Exchange of Foreign Currency Conversion wef 19th April, 2019 notified vide Notification No. 32/2019–Customs (N.T.) dated 18th April, 2019....

Read More

Notification No. 19/2019-Customs (ADD) Dated: 16th April, 2019

Notification No. 19/2019-Customs (ADD) [G.S.R. 309(E)] (16/04/2019)

Seeks to rescind anti-dumping duty notification No. 39/2018-Customs (ADD) dated 20.08.2018, in pursuance with sunset review final findings issued by the DGTR. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 19/2019-Customs (ADD) New Delhi, the 16th April, 2019 G.S.R. 309(E).- In exercise of the powers confer...

Read More

Tariff Notification No. 31/2019-Customs (N.T.) dated 15th April, 2019

Notification No. 31/2019-Customs (N.T.) [S.O. 1594(E)] (15/04/2019)

Tariff Notification No. 31/2019-Customs (N.T.) dated 15th April, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver – Reg. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 31/2019-CUSTOMS (N.T.)...

Read More

Recovery of interest without issuance of notice is bad in law: CESTAT Mumbai

M/s. Ansar & Co. Vs Commissioner of Customs (Imp-II) (CESTAT Mumbai)

The assessee should have been put to Notice and a reasonable opportunity should have been given for representing their case. While the same was not done, jumping straight way to coercive measures was certainly uncalled for. Therefore, Interest collected being without authority of Law needs to be refunded along with applicable interest....

Read More

Extension of Custom duty exemption on Light Combat Aircraft Programme

Notification No. 12/2019-Customs (11/04/2019)

CBIC amends notification No. 39/96-Customs dated 23.07.1996 so as to extend the exemption provided to the Light Combat Aircraft Programme of the Ministry of Defence till 31.06.2019 vide Notification No. 12/2019-Customs Dated 11th April, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2019-Customs ...

Read More

Anti-dumping duty on ductile iron pipes extended till 09.05.2019

Notification No. 18/2019-Customs (ADD) (10/04/2019)

Notification No. 18/2019-Customs (ADD)- Seeks to amend notification No. 23/2013-Customs(ADD), dated the 10th October, 2013 to extend the anti-dumping duty on ductile iron pipes originating in, or exported from China PR till 9th May, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 18/2019-Customs (ADD...

Read More

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.