Custom Duty
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Can department file an appeal against its own circular?
Amends Notification No. 45/2006-Customs Dated: 24.05.2006
Amends notification No. 36/2001-Custom Duty (N.T.), dated 3rd August 2001
Regarding anti-dumping on imports of Vitamin E all forms excluding natural forms originating in, or exported from, the People"s Republic of China
Regarding anti dumping duty on Hexa Methylene Tetramine, commonly known as Hexamine
Regarding anti dumping duty on Cathode Ray Colour Television Picture Tubes originating in or exported from, Indonesia
Exchange Rate notification for Import / Export of goods WEF 1st April, 2009
Imposes of provisional anti-dumping duty on the imports of Flax fabric
Imposes of provisional anti-dumping duty on imports of All Fully Drawn or Fully Oriented Yarn/Spin Draw Yarn/Flat Yarn of Polyester
Amends notification No. 21/2002-Customs, Dated: 01.03.2002
Amends Notification No. 21/2002-Customs, Dated: 01.03.2002
Amends notification No. 21/2009-Customs Duty (N.T.), Dated: 25.02.2009
Notification No. 26/2009-Custom Duty, Dated: 23.03.2009
Imposes provisional safeguard duty on imports of Dimethoate Technical
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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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