Custom Duty
Log in to FollowCustom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
CAAR Delhi Classifies 5G Spectrum Analysers as Telecom Equipment Under Tariff 90304000
R&S CMA180 Radio Test Set classifiable as Telecom Equipment under Heading 90304000: CAAR Delhi
5G Vector Tester under Specific Telecom Equipment fall under HSN 90304000: CAAR Delhi
Thermal Printer Ribbons Classifiable as Parts of Thermal Printers Under CTI 84439959
Milk Mineral Concentrate VitalArmor Ca M10 Classifiable Under Heading 2106
DFIA licence benefit allowed as epoxy resin imported was an impregnation resin
Silk fabric excluding Noil Silk is classifiable under CTH 5007 2090 and not under 5007 1000
Refund Barred by Limitation When Bill Not Provisionally Assessed: CESTAT Mumbai
CBIC News: Ghaziabad Bhawan Opening and DRI Global Role
Budget 2026-27: Govt invites Tax Suggestions from Trade & Industry
Mens Rea was not a precondition for imposing penalty u/s 117 of Customs Act
Notification No. 30/2025-Customs (ADD) Dated: 27th October, 2025
Govt Revises Duty Drawback Rates for Gold Jewellery & Silver Jewellery/articles
Transaction Value Must Prevail for Export Duty – Moisture Content Can’t Alter Valuation: CESTAT Hyderabad
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.
