Custom Duty - Page 655

The notification exempts specified goods imported under Quantity Based Advanced License

Notification No. 204/1992-Customs., (19/05/1992)

We hereby declare that no benefit, under rule 191A/ 191B, as in force immediately before the 1st October, 1994, or rule 12(l)(b) or rule 13(l)(b) of the Central Excise Rules, 1944, except for the benefit under Notification No. 49/94-C.E. (N.T.), dated the 22nd September, 1994, has been availed in respect of exports made under this DEEC....

Read More

The notification exempts specified goods imported under Value Based Advanced License

Notification No. 203/1992-Customs (19/05/1992)

Provided that in the case of electronic goods and all kinds of writing instruments (including gift sets and refills/nibs), all export items covered by one serial number in the Standard Input Output and Value Addition norms as contained in Handbook of Procedures, 1992-97, Volume-11, published, vide Public Notice No. 121(PN)/92-97, dated th...

Read More

The notification exempts capital goods imported under EPCG Scheme

Notification No. 160/1992-Customs (20/04/1992)

Manufacture or production of goods and includes packaging machinery and equipment, refractories, refrigeration equipments, power generating sets, machine tools, catalysts for initial charge required for and imported alongwith capital equipments, equipments and instruments for testing, research and development, quality and pollution contro...

Read More

The notification exempts specified goods exported by 100% EOU operating in EHTP and STP

Notification No. 140/1991-Customs (22/10/1991)

Provided that both supplying and receiving unit shall maintain account for the quantity of consumables and raw materials used in generation of each unit of power so transferred as quantified on the basis of norms approved by the said Board of Approval, for the purpose of calculation of Net Foreign Exchange earning as a Percentage of Expor...

Read More

The notification exempts specified goods exported by 100% EOU operating in EHTP and STP

Notification No. 138/1991-Customs (22/10/1991)

With effect from 13th August, 1993, the consultancy fees received by software development units in convertible foreign currencies for consultancy services for development of software "on site" abroad shall be deemed to be exports for the purposes of fulfilment of export obligation under this notification....

Read More

Shipping Bill & Bill of Export (Form) Regulations, 1991

Notification No. 61/91 (N.T.)-Custom Duty (29/08/1991)

Shipping Bill and Bill of Export (Form) Regulations, 1991 Notification No. 61/91 (N.T.)-Cus., dated 29-8-1991 amended by Section (50) of Finance Act, 1995 (22 of 1995) In exercise of the powers conferred by section 157, read with sections 50 and 60, of the Customs Act, 1962 (52 of 1962), and in supersession of the Shipping […]...

Read More

Exemption to specified goods imported for manufacture of jewellery for export by hundred per cent export-oriented undertaking

Notification No. 277/1990-Customs (12/12/1990)

Provided further that in the event of"the Gem and Jewellery units to whom the gold or silver has been supplied, fails to export the jewellery made out of such gold or silver within the time specified in the Export and Import Policy under the respective Scheme, the nominated agencies shall deposit duty on the quantity of the gold or silver...

Read More

Ata Carnet (Form of Bill of Entry & Shipping Bill) Regulations, 1990

Notification No. 14/90-Customs-(N.T.) (06/04/1990)

1. Short title and commencement.- (1) These regulations may be called the ATA Carnet (Form of Bill of Entry arid Shipping Bill) Regulations, 1990. 2. They shall come into force on the 1st day of May, 1990....

Read More

Notification exempts specified goods imported for display or demonstration under an ATA Carnet

Notification No. 157/1990-Customs (28/03/1990)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods described in Schedule I annexed hereto, when imported into India for display or use at any event specified in Sch...

Read More

This notification provides effective rates of duty on specified goods imported as baggage

Notification No. 137/1990-Customs (20/03/1990)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column (2) of the Table annexed hereto, falling under Heading No. 98.03 of the First Schedule to the...

Read More
Page 655 of 661« First...102030...653654655656657...660...Last »

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.