Custom Duty
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CAAR Rejects Areca Nut Ruling Plea by Infinity Export
DFIA Scheme: Clarifying Input-Export Correlation Rules
Order Quashed as SCN Sent to Old Address; Exporter Allowed to Submit BRCs in Fresh Proceedings
Writ Allowed Despite Limitation Bar; Duty Drawback Case Remanded on Full Deposit & Proof of Export Realization
Kerala HC Upholds Notice Service on Adult Family Member Under Customs Act
Online MOOWR Scheme Applications Extended to 31st October 2025
Calcutta HC directs to adopt assessee’s classification as department took seven years to commence de novo adjudication
Machine for crumbling and processing Areca Nuts classifiable under CTH 8437: CESTAT Delhi
Blower, filter, water valve assembly, etc. cannot be classified as parts of automobile air conditioner
Rejection of compounding application without granting opportunity of hearing is bad-in-law
Classification of Ultrasonic Flow Meters for Liquid Applications – CAAR Ruling
CAAR Rules on Classification of Ultrasonic Gas Flow Meters
Temporary retention of goods in non-bonded area with permission from customs authorities allowable
Detention of worn jewellery untenable as covered within ambit of personal effects
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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