Custom Duty
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CESTAT Allows Customs Refund, Says Missing Challan No Ground to Reject Claim
CESTAT Sets Aside Customs Demand as Extended Limitation Not Invocable in Classification Dispute
Madras HC: Choosing Writ Over Custom Appeal Not Sufficient Cause for Delay
Aluminium Formwork Classifiable Under CTH 76109010, CESTAT Kolkata Allows Exemption
CESTAT Allows Customs Exemption, Classifies Aluminium Formwork Under CTH 76109090
SEZ to DTA Duty Relief: A Time-Bound Opportunity with Stringent Conditions
CBIC Revises Customs Tariff Values for Gold, Silver, Oils and Brass Scrap from 1 August 2026
CBIC Notifies Umarwada, Ankleshwar for Import Unloading and Export Loading
Govt Extends Anti-Dumping Duty on Untreated Fumed Silica from China Till 10 February 2027
CESTAT Allows CENVAT Credit on Reverse Charge Services Despite Incorrect Invoice Address
Advocates Should Be Summoned Only in Rare & Exceptional Circumstances: Delhi HC
Leased Machinery Imports: Customs Valuation, GST & Compliance
CBIC Automates Courier Import Refund Processing Through ECCS
Gujarat HC Faults CESTAT for ‘Difficult to Decipher’ Remand Order in Customs Classification Dispute
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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