Custom Duty
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Seized Imported Goods Ordered for Provisional Release Pending Adjudication
Auction Deposit Refund Allowed as Confiscated Cigarettes Could Not Be Released Under CBIC Circular: CESTAT Delhi
I-STAT blood gas cartridges are accessories of analyser & not independent diagnostic reagents
Customs Appeal Rejected as Time-Barred Due to Late Filing After Communication
Smart Robot cannot be Treated as Electronic Toy Due to ADP Functionality
Barcode Scanners Not Smartphones Due to Ancillary Mobile Features: CESTAT Delhi
No Right to Cross-Examine Customs Officials as They Acted in Official Capacity: Delhi HC
Penalty Set Aside Because Abetment Was Not Proven Under Customs Law
Customs Duty Demand Quashed as Auction Purchasers Not Liable for Pre-Liquidation Dues
Duty Refund on Crude Soyabean Oil Imports Ordered as Policy Gap Cannot Deny TRQ Benefit
Customs Duty recovery stayed as ELISA Food Testing Kits claimed as Diagnostic Goods
Delhi HC Orders Immediate Release as Used Gold Chain is Personal Effect & One new iPhone is Permissible
Gold Bent Into Kada Shape Held as Raw Gold, Not Jewellery: Delhi HC
Ponchos Treated as Capes Because Tariff Notes Prevail Over Trade Parlance
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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