Custom Duty
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Anti-Dumping Duty Adjusted After Safeguard Levy on Steel Imports
Customs Tariff Values Re-Notified for Oils, Metals and Areca Nuts wef 31.12.2025
Penalty based on statement recorded u/s. 108 without complying with section 138B cannot be sustained
Delhi HC Reduced Penalty After Mis-declaration of Purpose in Temporary Import of Broadcasting Equipment
Exporter Seeks Manual Drawback Credit After ICEGATE Failure: Madras HC Directs Representation to Customs
Delhi HC Questioned Customs Orders for Naming Communicating Officer Instead of Decision-Maker
Anti-Dumping Duty on PET Resin Extended Pending Review
Provisional Release of Used Specialised Equipment Cannot Be Withheld Without Centralised Monitoring: CESTAT Kolkata
Penalty on Customs Broker Set Aside as Classification Dispute Was Settled in Importer’s Favour
Goods Not Liable to Confiscation Due to Procedural Delay in PIMS Registration: CESTAT Delhi
Wedding Visits Do Not Justify Bringing 500 Grams of Undeclared Gold: Delhi HC
Customs Decision Ordered Because Exports Were Stalled by Conflicting Lab Reports on pan masala
Anti-Dumping Duty Extended as Sunset Review Continues on 2-Ethyl Hexanol import
Order Set Aside Due to Non-Return of Seized Laptop Violating Natural Justice: CESTAT Chennai
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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