Custom Duty
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Container Scanning Procedure: Customs Seal for Suspicious Containers
Classification of Echo Dot Devices – Customs Authority Ruling
Classification of ‘Self-ordering Kiosks’ imported in disassembled form
CESTAT Upholds Penalty for Mis-declared Quantity of Imported LED Lights
CESTAT Chennai Reduces Penalty for Attempted Export of Red Sander Wood
CBIC Standardizes AD Code Registration Process for Exports
Time for which interim orders were operable should be excluded from timeframe provided in Rule 18 of ADD Rules
Subsequent suspension cannot affect duty free import as DFIA license was valid at the time of import
Implementation of RoDTEP & RoSCTL – Notification No. 46/2023-Customs
CESTAT allows re-export of imported insecticides without payment of redemption fine & penalties
CESTAT denies Exemption of SAD on Imported Natural Rock Phosphate
Import of Spares for Vessel Repair Eligible for Customs Duty Exemption
Importer’s Declared Value Accepted, Contemporaneous Import Value Not Conclusive
Surmises & generic arguments in Appeal grounds: CESTAT Dismisses Revenue Appeal
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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