Custom Duty
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Madras HC Directs Customs Authorities to Decide Representation in Cashew Import Dispute
Order revoking customs broker license quashed as regulation 10(n) doesn’t require continuous surveillance
CBDT, CBIC Vacancy Filling Slows Due to Promotions and Legal Hurdles
Reduction In Custom Duty On Crude Edible Oil
Project Imports under Customs Law– How Burden of Proof Shapes Classification Outcomes
Car imported into India remained “new” for customs purposes even if it was registered abroad before export eligible for 60% Concessional Duty
Edible Oils, Brass Scrap, Areca Nut, Gold & Silver Tariff Value wef 15th Aug 2025
HC orders Refund & Compensation as Customs Delay Ruins Perishable Kiwi Imports
Guidelines for export of items suspected to be covered under SCOMET
Recovery of duty drawback beyond three years is barred by limitation: Madras HC
CAAR Refrains from Ruling on Supari Classification
No drawback shall be allowed when drawback exceeds market value of goods
Extended period of limitation cannot be invoked in case of dispute in classification of goods
Notice by Additional Director General of Central Excise Intelligence in customs matter lacks jurisdiction
Latest Custom Duty News
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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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