Custom Duty
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Duty Paid Through Scrips Eligible for Section 74 Drawback or Section 27 Refund Only by Re-Credit: CBIC
India Notifies UK Trade Agreement Rules of Origin Effective 15 July 2026
UK-India CETA: Customs Duty & IGST Exemption for Event Animals Subject to Re-Export Conditions
CBIC Continues ADD on Normal Butanol Imports from Malaysia, South Africa & USA
Glufosinate Imports from China Subject to Provisional Assessment Pending Anti-Absorption Review
Insoluble Sulphur Imports from China Subject to Provisional Assessment Pending Anti-Absorption Review
CAAR Holds Complete Prosthetic Joints Are Artificial Joints, Denies Customs Exemption
DFIA Customs Exemption Allowed as ITC (HS) Code Matching Not Mandatory: CAAR
ITC (HS) Number Matching Not Required Where DFIA Description & Conditions Are Satisfied: CAAR
Exported by-products qualify as resultant goods under MOOWR: CAAR
Replacement Filter Cartridges Classifiable Under CTH 8421 99 00: CAAR
CAAR Refers Royalty Valuation Issue to SVB Due to Related-Party Import Examination
CAAR Refers Related-Party Import Valuation Issue to SVB Due to Proposed Pricing Changes
Chennai Customs notified procedure for generating Transshipment Bonds
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.
