Custom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
Custom Duty : Anti-dumping duty protects local manufacturers from unfairly cheap imports that can damage domestic markets. The article explains ...
Custom Duty : The new customs notifications standardize the effective import duty on gold and silver bullion at 15% through revised BCD, SWS, an...
Custom Duty : The article argues that the sharp increase in gold import duty was triggered by pressure on India’s forex reserves, rising oil p...
Custom Duty : Emergency customs relaxations introduced during the maritime crisis expire on 30 April 2026, leaving exporters uncertain. The fram...
Custom Duty : Highlights how the EMI Scheme allows businesses to defer duty payments, easing working capital pressure while improving operationa...
Custom Duty : The reform removes value restrictions on courier exports, enabling higher-value shipments. It aims to boost e-commerce exports and...
Custom Duty : CBIC has allowed Eligible Manufacturer Importers to avail deferred payment of customs duty from 1 April 2026. The circular outline...
Custom Duty : The CBI has registered a bribery case against three Customs officials accused of taking illegal gratification to release seized go...
Custom Duty : The new rules enhance duty-free allowances and introduce digital declarations. The overhaul aims to speed up clearance and improve...
Custom Duty : New baggage rules and processing regulations are notified, replacing earlier frameworks and aligning customs procedures for passen...
Custom Duty : CESTAT Kolkata held that Indian currency cannot be confiscated under Section 121 of Customs Act without clear evidence connecting ...
Custom Duty : The CESTAT Delhi held that multifunction protection devices remained classifiable as relays because their primary function continu...
Custom Duty : CESTAT Mumbai held that computer printouts and email records could not be relied upon for customs duty demands because statutory r...
Custom Duty : CESTAT Mumbai held that unlocking and activating mobile phones before export only amounted to product configuration and not “use...
Custom Duty : Tribunal held that Customs authorities could not reclassify imported industrial composite solvent as kerosene when all mandatory B...
Custom Duty : The Ministry of Finance amended the earlier customs notification to continue anti-dumping duty for an extended period. The notific...
Custom Duty : The government imposed anti-dumping duty on Monoisopropylamine imports after finding that Chinese exports were dumped below normal...
Custom Duty : CBIC issued Notification No. 47/2026-Customs (N.T.) continuing existing tariff values for key imported commodities including palm ...
Custom Duty : The Central Government directed provisional assessment of imports of anodized aluminium frames for solar panels from a Chinese exp...
Custom Duty : CBIC has clarified that Entry Inward and Vessel Sail-out Clearance cannot be delayed due to pending physical boarding of customs o...
Tariff Notification No. 08/2020-CUSTOMS (N.T.) dated 31st January, 2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 08/2020-CUSTOMS (N.T.) New Delhi, 31st January, 2020 11 Magha, […]
Government notified revised rates of Duty Drawback, also referred to as All Industry Rates (AIRs), vide Notification No. 07/2020-Customs (N.T.) dated 28.01.2020 which will come into force on 04.02.2020. Salient features of the revised rates of Duty Drawback are explained by Circular No. 06/2020-Customs dated 30th January, 2020. Circular No. 06/2020-Customs F. No. 609/11/2020-DBK Government […]
CBIC Seeks to impose provisional anti-dumping duty on the imports of the Digital offset printing plates, originating in or exported from China PR, Japan, Korea RP, Taiwan and Vietnam vide Notification No. 2/2020-Customs (ADD) dated 30th January, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 2/2020-Customs (ADD) New Delhi, the 30th January, 2020 G.S.R. […]
The tariff items and descriptions of goods in the said Schedule are aligned with the tariff items and descriptions of goods in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) at the four-digit level only. The descriptions of goods given at the six digit or eight digitin the said Schedule are in several cases not aligned with the descriptions of goods given in the First Schedule to the Customs Tariff Act, 1975.
Appointment of Common Adjudicating Authority by DGRI vide Notification No. 9/2020-Customs (N.T./CAA/EXTENSION/DRI) Dated 28.01.2020. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 9/2020-Customs (N.T./CAA/EXTENSION/DRI) New Delhi, dated the 28th January, 2020 S.O.447(E). – In exercise of powers conferred upon by first […]
Appointment of Common Adjudicating Authority by DGRI vide Notification No. 8/2020-Customs (N.T./CAA/EXTENSION/DRI) Dated 28.01.2020. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 8/2020-Customs (N.T./CAA/DRI) New Delhi, dated 28th January, 2020 S.O.446(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide […]
Notification No. 6/2020-Customs (N.T./CAA/EXTENSION/DRI) dated 28th January, 2020 related to Appointment of Common Adjudicating Authority (CAA) by Director General, Revenue Intelligence (DGRI). Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 6/2020-Customs (N.T./CAA/EXTENSION/DRI) New Delhi, dated the 28th January, 2020 S.O. (E). […]
Notification No. 5/2020-Customs (N.T./CAA/DRI) dated 27th January, 2020- Appointment of CAA by DGRI Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 5/2020-Customs (N.T./CAA/DRI) New Delhi, dated 27th January, 2020 S.O. (E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide […]
The important features of the automated clearance are as follows- I. The facility will only be for ICES locations where RMS is enabled and fully functional. II. All the Customs Compliance Verification (CCV) requirements under the Customs Act, rules,instructions etc will be done by the designated proper officer of Customs.
Considering the findings of the Apex Court in Commissioner of Central Excise, Bolpur v. Ratan Melting and Wire Industries it is clear that Circulars cannot prevail over the statute. Circulars are issued only to clarify the statutory provision and it cannot alter or prevail over the statutory provision. In such circumstances, it is clear that the explanation of provisions of drawback has nothing to do with the IGST refund.
