Custom Duty
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Redetermination of value set aside as goods were replacement for goods imported earlier
Delhi HC Sets Aside CESTAT Order, Remands Case Based on Canon-II Judgment
Delhi HC Remands Maggie’s Customs Penalty Case to Tribunal for Review on Merit
CESTAT Upholds Section 28(1) Custom Notice for Short-Levy Post–Clearance
Delhi HC Orders Refund of Confiscated Gold Over Customs Inaction
Delhi HC Asks petitioner to Appeal Duty Drawback Penalty Order
Penalty u/s. 117 of Customs Act without assigning reasons cannot be sustained
India Prohibits direct or indirect import of goods from Pakistan
Classification: Crimp Pumps as Positive Displacement Pumps (CTI 8413 5010 / 8413 5090), Not Toilet Spray Parts (CTI 9616 1020)
100% EOU is a customs bonded unit hence permission granted to remove cashew kernels for re-processing
Customs Duty Exemptions Updated on Rice Imports
Export Duty on Rice: 20% on Parboiled & Other Varieties
Freezing of bank account u/s. 110(5) of Customs Act during pendency of investigation not justified
Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold & Silver from 1st May 2025
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.
Get all the latest custom duty news and updates here at Taxguru. We offer a cohesive and detailed analysis of the relevant updates and announcements related to custom duties. We keep our site updated with all the latest updates, announcements and news on custom duty. Get to know about all the changes and updates to the custom duty challan and other such specific details.
