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Custom Duty

Custom Duty Meaning, Calculators, Rules, exemptions  Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty

Latest Articles


Legal Validity of “S/d-” on Documents: The Final Word

Custom Duty : Instead of a formal signature, some documents are marked with S/d- (an abbreviation for signed) as a form of attestation. This rai...

August 16, 2024 1128 Views 0 comment Print

High Credit Card Use Can Trigger Income Tax Scrutiny

Custom Duty : Excessive credit card spending may attract tax notices. Learn how to manage credit card transactions to avoid scrutiny and ensure ...

August 7, 2024 4002 Views 0 comment Print

Jurisdictional Overlap on Recovery Between Customs and FTDR

Custom Duty : Explore the jurisdictional conflicts in recovery proceedings under Customs Act Section 28AAA and FTDR Act, highlighting key issues...

July 31, 2024 363 Views 0 comment Print

Comprehensive Analysis of Indian Customs & GST Reforms in 2024 Budget

Custom Duty : Comprehensive review of Indian 2024 Budget reforms on Customs & GST, highlighting impacts on manufacturing, exports, and tax admin...

July 26, 2024 465 Views 0 comment Print

Budget 2024-25: Changes under Customs & Excise

Custom Duty : Discover the key changes in customs and excise duties proposed in the Union Budget 2024-25, including updated rates and legislativ...

July 24, 2024 1527 Views 0 comment Print


Latest News


CBIC invites Suggestions on Additional Import/Export Declarations for Synthetic Diamonds

Custom Duty : Government seeks suggestions on mandatory qualifiers in import/export declarations for synthetic diamonds to improve identificatio...

August 16, 2024 78 Views 0 comment Print

Budget 2024: Customs Duty Amendments – Key Changes and Rates

Custom Duty : Discover key amendments in Customs duties and tariff rates effective July 2024, including changes in Basic Customs Duty, Health Ce...

July 26, 2024 2910 Views 0 comment Print

Customs Duty Reforms: Boosting Manufacturing & Export Competitiveness

Custom Duty : Ministry of Finance unveils reforms in customs duties to support manufacturing, boost exports, and simplify taxation. Includes exe...

July 23, 2024 111 Views 0 comment Print

CBI Arrests Customs Officer in Rs 80,000 Bribery Case

Custom Duty : CBI arrests Customs Superintendent at Sahar Airport, Mumbai for accepting Rs 80,000 bribe to clear an imported consignment. Invest...

July 19, 2024 558 Views 0 comment Print

Note On API-Based Integration Between ICEGATE And IECs/CBs

Custom Duty : Explore the API integration between ICEGATE and IECs/CBs, its impact on document filing efficiency, challenges addressed, and futu...

July 17, 2024 144 Views 0 comment Print


Latest Judiciary


Penalty imposed on customs broker for non-compliance with provisions of CBLR, 2018: CESTAT Delhi

Custom Duty : CESTAT Delhi held that imposition of penalty and revocation of customs broker license justified as customs broker abetted the ille...

August 16, 2024 114 Views 0 comment Print

Rajasthan HC Directs Re-examination of Aerosol Valves Classification

Custom Duty : Rajasthan High Court orders adjudicating authority to reconsider the dual classification of Aerosol Valves under Customs Tariff He...

August 16, 2024 54 Views 0 comment Print

Customs Broker Not Liable for Importer’s Misdeclarations Without Deliberate Intent or Negligence

Custom Duty : Customs brokers must perform their duties with diligence, they should not be held responsible for penalties arising from misdeclar...

August 16, 2024 75 Views 0 comment Print

Rejection of refund claim for non-mentioning of period particulars in CA’s certificate is harsh: CESTAT Chennai

Custom Duty : CESTAT Chennai rejection of refund claim merely for non-mentioning of period particulars in CA’s certificate unjustifiable as re...

August 16, 2024 144 Views 0 comment Print

Customs Broker license cannot be suspended as a penalty: Delhi HC

Custom Duty : Delhi High Court rules that a Customs Broker license cannot be suspended as a penalty for not physically verifying the exporter's ...

August 14, 2024 240 Views 0 comment Print


Latest Notifications


Customs Tariff Values for Gold, Silver, Oils & Areca Nuts wef 15.08.2024

Custom Duty : The CBIC revises customs tariff values for crude and refined oils, brass scrap, gold, silver, and areca nuts effective August 15, ...

August 14, 2024 147 Views 0 comment Print

Launch of Exchange Rate Automation Module (ERAM) – Reg

Custom Duty : Chennai Customs introduces ERAM on ICEGATE for automated exchange rate publication, effective from 4th July 2024. Access rates onl...

August 5, 2024 399 Views 0 comment Print

Govt revises Tariff Values for Edible Oils, Metals, Areca Nuts wef 01.08.2024

Custom Duty : Notification 53/2024 updates tariff values for edible oils, brass scrap, gold, silver, and areca nuts. Effective from August 1, 20...

August 2, 2024 207 Views 0 comment Print

CBIC amends BCD Rate for Laboratory Chemicals | Notification No. 41/2024

Custom Duty : The Ministry of Finance has updated Customs Notification No. 50/2017 with a 10% BCD on laboratory chemicals. New rules apply from ...

July 31, 2024 381 Views 0 comment Print

Draft Regulations for Amendment of Customs Import Documents Timeline

Custom Duty : Learn about the new regulations for amending import documents under Section 149 of the Customs Act, 1962. Understand the timeline,...

July 29, 2024 393 Views 0 comment Print


Additional Documents for Warehousing of liquor to safeguard revenue

August 28, 2023 885 Views 0 comment Print

Latest regulations for warehousing liquor by Indian Government. Guidelines ensure compliance of State Excise and VAT laws for safeguarding revenue.

Monitoring of Warehoused Goods: Safeguarding Indian Customs Revenue

August 28, 2023 660 Views 0 comment Print

An in-depth analysis of Public Notice No. 28/2023 by Chennai Customs, discussing key guidelines for effective monitoring of warehoused goods to safeguard revenue.

India-Bangladesh 14th JGC Meeting Boosts Customs Cooperation

August 26, 2023 375 Views 0 comment Print

Read about outcomes of 14th Joint Group of Customs (JGC) meeting between India and Bangladesh, focusing on trade facilitation, infrastructure, and cooperation.

Optoma Creative Touch 5-Series (IFP) merit classification under Sub-heading 84714190

August 26, 2023 330 Views 0 comment Print

Proposed items of import namely, Optoma Creative Touch 5-series Interactive Flat Panel (IFP) (Model-5652RK+. 5752RK + & 5862RK+) merit classification under Sub-heading 84714190 of the First Schedule to Customs Tariff Act, 1975.

Classification of Betel Nut Imports: Shreehari Ananta Overseas Ruling

August 26, 2023 624 Views 0 comment Print

Explore detailed analysis of CAAR Delhi order regarding classification of imported betel nut products by Shreehari Ananta Overseas Private Limited.

Classification & notification applicability on import of Samsung Smart Monitors

August 26, 2023 639 Views 0 comment Print

Importer seeks classification of Samsung Smart Monitors (Model No. LS27BM5) under Customs Tariff (CTH 8528 or CTH 8471) and duty exemption eligibility as per Notification No. 24/2005.

CBI Cases: Superintendent of Customs & Companies Under Scrutiny

August 26, 2023 1053 Views 0 comment Print

CBI investigates a former Superintendent, Bond Section, JNCH Raigad & private firms over alleged conspiracies causing government revenue loss.

Sanitaryware meant for use in kitchen, toilets or bathroom falls under Chapter 74

August 26, 2023 1206 Views 0 comment Print

Delhi High Court held that Sanitaryware meant for use in the kitchen, toilets or bathroom and although it may portray some art work in its designs, it is not artwork or handicraft Therefore, duty drawback could only be claimed in category of goods falling Chapter 74 vide item No. 741802.

Customs exchange rate for Turkish Lira effective from 26th August 2023

August 25, 2023 528 Views 0 comment Print

“Finance Ministry revises the exchange rate for Turkish Lira effective from 26th August 2023. Check the new rates for imports and exports

Amendment to Exemption for Certain Rice Varieties

August 25, 2023 840 Views 0 comment Print

A look at the 2023 amendment offering conditional exemption on specific rice varieties, as per the Ministry of Finance’s notification No. 50/2023-Customs.

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