Custom Duty
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Madras HC Directs Customs to Address plea on exact Timing of Anti-Dumping Duty Notification
Cess levied on export of Shrimp and Prawns unlawful hence refund granted
Works Rolls Classified as Capital Goods: Import Allowed Under Status Holder Incentive Scheme
Dholera Notified as Customs Port for Trade Operations
Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver wef 16.04.2025
Social Welfare Surcharge will be Nil when Basic Customs Duty is Nil: CESTAT Mumbai
CESTAT Reduces Redemption Fine & Penalty for Procedural Delay in Legal Metrology Compliance
Incorrect Customs & Excise Law Penalty: CESTAT Remands Case
Demand for IGST on ‘lithium-ion batteries’ @18% confirmed: CESTAT Chennai
Confiscation of gold set aside due to non-recording of statement of relevant person
Assessee’s Negligence: Delhi HC Denies Delay Condonation for CESTAT Appeal
Delhi HC Orders Customs to Preserve CCTV Footage Over illegal Currency Seizure Complaints
Nico Extrusion vs. Commissioner of Customs – CESTAT Remands for Speaking Order
Delhi HC Directs Customs to Prevent Harassment of Travellers coming to India
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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