Custom Duty
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Customs Notification 01/2025: New Cargo Facility at Dhirpur, Kurukshetra
Investigation report is not appealable order: CESTAT Chennai
BCD exemption benefit available on import of Digital Still Image Video Cameras: CESTAT Chennai
Customs Exemption Update for LRSAM Systems and Parts
Customs Duty Exemption for IAEA Inspection Equipment
Bills of entry relied upon were not made available: CESTAT remanded matter
Classification of Sensor Temp for Refrigerators under CTI 8533
Nutricia’s 5-HMO Mix for Infant Formula Falls Under Tariff Item 29400000: CAAR
Pyrolysis Gasoline (Pygas) falls under CTH 27079900: CAAR Delhi
Shipping Bills Cannot Be Finalized Based on Delayed CRCL Test Report (218 Days): Kolkata CESTAT
CESTAT Sets Aside Customs Broker License Revocation Due to Mismatched Findings
Penalty Deleted as LEO Signed Before Export: CESTAT Kolkata
Importation of tyres without BIS markings were liable for confiscation u/s 111 of Customs Act
Customs duty cannot be demanded jointly & severally: CESTAT deleted penalty u/s 114A
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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