Custom Duty
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Imports made against DEPB licences issued with endorsement of Notifn. No.34/97-Customs dated 7.4.1997-exemption from special additional duty-Clarification-Reg
Misuse of unaccompanied baggage facility-regarding
Anti-dumping duty on import of pre-sensitized positive off-set aluminium plates
Rescinds Notification No.66/2007-Customs, Dated: 9th May, 2007 on anti dumping duty
Anti-dumping duty imposed on Potassium Carbonate, produced or exported by M/s Taiwan Pulp and Paper Corporation, Taiwan
Notification No. 100/2007-Customs Duty (N.T.), Dated: 25th September, 2007
Notification No. 99/2007-Customs Duty (N.T.), Dated: 25.09.2007
Amends Notification No. 39/2005-Customs (N.T.), Dated: 13th May, 2005
Anti-dumping duty on goods originating in, or exported from,United States of America, Korea RP and Taiwan
Classification of Boric Acid and separate chemically defined compounds for purpose of Customs & Central Excise-reg
Amends Notification No.36/2001-Customs (N.T.), Dated: 3rd August 2001
Notification No. 102/2007-Customs Dated: 14th September, 2007
Notification No. 104/2007-Customs, Dated: 14.09.2007
Imposition of provisional anti-dumping duty on imports of goods from People"s Republic of China
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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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