Custom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
Custom Duty : Explore timeline of tariffs in US-China trade war, their economic impact, and Biden's latest tariffs on Chinese imports amid escal...
Custom Duty : Understand the regulations and procedures for obtaining a Customs Broker license. Learn about eligibility criteria, application pr...
Custom Duty : Delhi High Court Rescinds CBIC’s Show Cause Notices, Empowers Solar Industry In a significant turn of events, the Delhi High...
Custom Duty : Understand customs duty implications for importing share certificates into India for dematerialization. Learn rates, exemptions, a...
Custom Duty : Explore how Indias molasses export duties influence ethanol production, fuel blending, and alcohol prices, amid government regulat...
Custom Duty : Ministry of Finance has announced implementation of Electronic Cash Ledger (ECL) for payment of import duties on goods imported th...
Custom Duty : Learn about the sentencing of an Assistant Commissioner of Customs and his wife in a CBI case involving disproportionate assets, w...
Custom Duty : Stay informed with the latest ICEGATE advisory on Electronic Cash Ledger (ECL 2.0) changes for customs duty payments. Learn stepwi...
Custom Duty : CBIC's E-scrip module for digital access to RoSCTL and RoDTEP schemes. Step-by-step guide for exporters, including account creati...
Custom Duty : Prepare for Customs Brokers Licensing Examination 2024 by Ministry of Finance. Computer-based test on 19.03.2024. Check www.cbic.g...
Custom Duty : Read the detailed analysis and ruling by CAAR Mumbai regarding the import of "Infant milk-based formula Aptamil-C Proteq" by Nutri...
Custom Duty : The statutory scheme underlying the Manufacture and Other Operations in Warehouse Regulations, 2019 (MOOWR) could not be construed...
Custom Duty : Delhi High Court dismisses department's appeal due to monetary limit of Rs. 1 crore. Details of the case and implications here....
Custom Duty : The Delhi High Court nullifies a CESTAT order for lack of jurisdiction, instructing a revision with the Central Government under t...
Custom Duty : Read the detailed analysis of the CESTAT Allahabad order directing the Commissioner of Customs to return seized gold, ruling it wa...
Custom Duty : India imposes a five-year anti-dumping duty on Pentaerythritol imports from China, Saudi Arabia, and Taiwan to protect domestic in...
Custom Duty : Check the updated exchange rates for foreign currencies into Indian Rupees for import and export, effective May 17, 2024, as per N...
Custom Duty : Ministry of Finance updates tariff values for edible oils, brass scrap, areca nuts, gold, and silver effective May 16, 2024. Detai...
Custom Duty : Explore the latest amendments to Customs Duty Drawback rates effective from 03.05.2024. Learn about changes, enhancements, and imp...
Custom Duty : Explore the recent amendments made by CBIC in List 34A & 34B of Customs notification No. 50/2017-Customs dated 30.06.2017....
Notification No. 70/2011-Customs The anti-dumping duty imposed shall remain in force for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.
Circular No.34 / 2011- Customs, Ministry of Agriculture, Department of Agriculture and Cooperation has informed that the U. S. Department of Agriculture, Animal and Plant Health Inspection Service (USDA – APHIS) has notified new phytosanitary regulations for the entry of rice from countries including India where Khapra beetle (Trogoderma granarium) is known to occur. These regulations, inter alia prohibit non-commercial rice consignment including passenger baggage and mail with effect from 30th July, 2011.
Notification No. 56 /2011 – Customs (N.T.) In exercise of the powers conferred by section 11 of the Customs Act, 1962 (52 of 1962), the Central Government on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 16/2011-Cus (N. T.), dated, the 1st March,2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 155 (E), dated the 1st March,2011, namely:-
CBEC solicits views, comments and suggestions on draft ‘On-site Post Clearance Audit at the Premises of Importers and Exporters Regulations, 2011’ from the trade and industry associations, departmental officers and others. The views, comments and suggestions to the draft Regulations may please be sent, latest by 16th August, 2011, to Director (Customs), Ministry of Finance, Department of Revenue, Central Board of Excise & Customs, Room No.227-B, North Block, New Delhi – 110001 or at Fax No. (011) 23092173 or at e-mail I.D.: dircus@nic.in
Notification No. 69/2011-Customs Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description as specified in column (3) of the Table appended hereto and falling under the Chapter, Heading, Sub-heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) as specified in the corresponding entry in column (2) of the said Table, when imported into India from Japan, from so much of the duty of customs leviable thereon as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the aforesaid Table:
Notification No. 68/2011-Customs Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 46/2011-Customs, dated the 1st June, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 423 (E), dated the 1st June, 2011, namely:-
Circular No. 33/2011-Customs – In order to reduce the transaction cost of the importers and expedite the time taken for customs clearance the Board has decided to make e-payment of duty mandatory for the importers paying an amount of Rupees one lakh or more per transaction. Additionally, for Accredited Clients under the Customs Accredited Client Programme irrespective of any amount of duty, the Customs duty will have to be paid through E- payment mode only. The date from which the E- payment will be made mandatory will be notified separately.
Notification No. 54/2011 – Customs (N. T.) the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Cus (N. T.), dated, the 3rd August 2001,
Conditions for allowing provisional assessment. — Where an importer or an exporter, as the case may be, is unable to make self-assessment and makes a request in writing to the proper officer for provisional assessment or the proper officer on account of any of the grounds specified in sub-section (1) of section 18 of the Customs Act, 1962 (52 of 1962), is not able to verify the self-assessment or make re-assessment of the duty on the imported goods or the export goods, as the case may be, he shall make an estimate of the duty that is most likely to be levied (hereinafter referred to as the provisional duty). If the importer or the exporter, as the case may be, executes a bond in an amount equal to the difference between the duty that may be finally assessed or re-assessed and the provisional duty and deposits with the proper officer such sum not exceeding twenty per cent of the provisional duty, as the proper officer may direct, the proper officer may assess the duty on the goods provisionally at an amount equal to the provisional duty.
Provided that the exemption shall be available only if importer proves to the satisfaction of the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, that the goods in respect of which the benefit of this exemption is claimed are of the origin of Japan, in terms of rules as may be notified in this regard by Central Government by publication in the official gazette.
