Custom Duty
Log in to FollowCustom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
Customs Circular No 12/2010, Clarification regarding basis of levy of additional Customs duty (CVD) on import of Readymade Garments
Customs Notification No 68/2010, Regarding anti dumping duty on imports of specified phosphorous based chemical compounds, originating in or exported from European Union and China PR
Customs Notification No 49/2010 (NT), Makes Customs, Central Excise Duties and Service Tax Drawback (Second Amendment) Rules, 2010
Customs Notification No 48/2010 (NT), dated 17th June, 2010
Customs Notification No 47/2010 (NT), Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
Custom Duty Notification No 46/2010 (NT), Amends Notification No. 12/97-Customs (N.T.), dated the 2nd April, 1997
Custom Notification No 67/2010-Amends Notification No. 96/2008-Customs, dated the 13th August, 2008
Custom Notification 66/2010 – Customs, dated 01-06-2010 – Amends Notification No.39/96-Customs, dated the 23rd July, 1996
Custom-Clarification regarding determination of value under Section 14 of the Customs Act, 1962 in respect of sale of warehoused goods
Custom Notification 65/2010 – Customs, dated 01-06-2010 -Amends Notification No.153/2009-Customs, dated the 31st December, 2009
Custom Duty Notification No. 44/2010 – Customs (N. T.) dated 31st May, 2010
Custom Duty Notification No. 43/2010 – Customs (N. T.) dated 31st May, 2010
Notification No. 42/2010 – Customs (N.T.) mentioning rate of exchange of conversion of each of the foreign currency w.e.f. 1st June, 2010
Custom duty Notification No 64/2010- Amending Notification No. 96/2008-Customs, dated the 13th August, 2008
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.
