Custom Duty
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Notification No. 112/2000-Customs, Dated: 29.08.2000
Notification No. 111/2000-Customs, Dated: 29.08.2000
This notification withdraws the Anti-dumping duty on Dead Burnt Magnesite (DBM) imported from the People’s Republic of China
Duty Drawback on Silk Carpets and Synthetic Carpets – regarding
Exchange rate for the month of September, 2000 for imported goods
Notification No. 52/2000-Customs (N.T.) Dated: 28.08.2000
Notification No. 109/2000-Customs, dated: 18.08.2000
Circular No. 68/2000-Custom Duty Dated 18.8.2000
Facility for permitting imports under DEPB Scheme at Customs bonded warehouses through TRA procedure
Eligibility of concessional duty under notification No. 25/99-Cus. dated 28.2.99 to BOPP and Hazy film as `plain film’
This notification amends the Baggage Rules for persons coming from Pakistan, Nepal and Bhutan
This notification amends Notification No. 12/97- Customs (N.T.), dated the 2nd April, 1997
This notification orders finalization of provisional assessment of Anti-dumping duty on Bisphenol-A imported from M/s First Inter Continental Corporation, USA
This notification imposes Anti-dumping duty on Soda ash (Disodium Carbonate) imported 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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