Custom Duty
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CBIC Clarified Customs Exemption for Military Drones and UAV Imports
Customs Baggage (Declaration and Processing) Regulations, 2026
CBIC notifies Baggage Rules, 2026
CBIC Proposes Extending Import Duty Deferral Period to 30 Days for Trusted Entities
CBIC Introduces Duty Deferral Facility for Eligible Manufacturer Importers
CBIC Withdraws Two Customs Notifications Under New Baggage Rules 2026
Customs Notification Updates Reference to Baggage Rules, 2026
Budget 2026: CBIC Revises SWS and AIDC on Select Imports via Notification Amendments
Budget 2026: CBIC Amends Notification to Implement Basic Customs Duty Changes
CBIC Prolongs Validity of 5 Notifications, Issues Amendments to 2 Customs Notifications
Budget 2026: Personal Import Duty Cut, Lifesaving Drug Exemptions & Faster AEO Export Clearances
Budget Push to Simplify Customs Tariffs and Cut Legacy Exemptions
ICEGATE Bill of Entry Filing Downtime on 1st Feb 2026
CAAR Mumbai Rejected Advance Ruling Due to Pending Custom Classification Dispute
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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