Custom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
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Custom Duty : Union Budget 2025-26 proposes changes in customs duties, including exemptions for life-saving medicines, e-mobility, and support f...
Custom Duty : CESTAT Delhi held that duty has to be paid when goods imported into an SEZ are not used for the authorised operations but are sold...
Custom Duty : CESTAT Delhi rules customs duty exemption cannot be denied if export obligations are met and EODCs issued, overturning a ₹21 cro...
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Custom Duty : Disha Realcon and SM Niryat had exported iron ore fines whose Fe content was below 58% under some Shipping Bills and iron ore fine...
Custom Duty : Notification No. 12/2025-Customs revises tariff values for crude palm oil, gold, silver, and more under the Customs Act, effective...
Custom Duty : CBIC clarifies that AIR duty drawback should not be denied based on non-duty paid inputs. Field formations must follow Circular No...
Custom Duty : The Ministry of Finance issues a corrigendum to Notification 26/2024-CUSTOMS (ADD), clarifying details on Textured Toughened Glass...
Custom Duty : India imposes a 20% countervailing duty on saccharin imports from China for five years to prevent subsidization and protect domest...
Custom Duty : The Ministry of Finance issues Notification 15/2025-Customs, amending Notification 50/2017. Changes impact S.No. 551 and 555, effe...
additional duty leviable thereon under sub- section (1) of section 3 of the Customs Tariff Act, 1975 ( 51 of 1975 ) as is equivalent to the additional duty of excise leviable thereon under section 157 of the Finance Act, 2003 (32 of 2003).
the additional duty leviable thereon under sub-section (1) of section 3 of the Customs Tariff Act, 1975 ( 51 of 1975) as is equivalent to the National Calamity Contingent duty leviable thereon under section 136 of the said Finance Act, 2001, read with section 169 of the said Finance Act, 2003.
I am directed to invite your kind attention to Board’s Circular No. 31/2003-Customs, dated 7-4-2003 on the above subject and to say that it has been brought to the notice of the Board that EOUs situated in Andamans & Nicober Islands (A & N islands) are facing difficulties in their day-to-day functioning as presently the EOUs in A &N islands are being administered by Customs staff from Kolkata Customs House. The existing arrangements are resulting in delay in getting requisite permissions, exports and imports of goods, etc. as well as in increased transaction cost to the units.
For the purposes of this notification the applied rate of duty means the standard rate of duty specified in the First Schedule to the said Customs Tariff Act, with respect to the goods specified in the said Table, read with any other exemption notification, for the time being in force, issued in respect of such goods under sub-section (1) of section 25 of the said Customs Act.
Products eligible for a Certificate of origin in the form annexed shall support preferential treatment issued by an authority designated by the Government of the exporting country and notified to the other country in accordance with the certification procedures to be devised and approved by both the Contracting Parties.
Similarly, in terms of Para 4(ii) conversion of shipping bill from one export promotion scheme to another was permitted provided benefit of that scheme was denied to him by DGFT or Customs. Conversion in such cases was to be permitted by Commissioner on case to case basis subject to the conditions specified in Para 4 (a),(b) and (c) of the said Circular.
I am directed to refer to the subject mentioned above and to say that as you are aware, notification no. 2/03 dated 2.1.03 has imposed antidumping duty on raw silk of grade 2A and below imported from China. According to reports received by the Board, some unscrupulous importers are misdeclaring grades of raw silk consignments in order to avoid payment of anti dumping duty.
The principal notification No. 12/97-Customs (N.T.) dated the 2nd April 1997 was published in the Gazette of India, Extraordinary, Part (II), Section 3, Sub-section (i), vide No. GSR 193 (E), dated the 2nd April, 1997 and was last amended by notification No. 13/2003-Custom (N.T.), dated the 11th February, 2003, published in the Gazette of India, Extraordinary part (II), Section 3, Sub-section (i), vide GSR No. 103 (E), dated the 11th February, 2003.
The only point that needs attention, in case of stock transfers, is the valuation of the goods. In the case of EOUs, the valuation of goods cleared to DTA is to be done as per the provisions of Section 14 of the Customs Act read with the Customs valuation Rules 1988. While determining value of goods under stock transfer, the fact that it is related person transaction, may also be taken into consideration.
The principal notification was published in the Gazette of India, vide number G.S.R. 466(E) dated the 19th May, 2000 and was last amended vide notification No.5/2003-Customs, dated the 3rd January, 2003 number G.S.R 7(E), dated the 3rd January, 2003.
