Custom Duty
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Customs (Waiver of Interest) Third Order, 2023
Probiotic cultures cannot be classified under chapter 21 of Customs Tariff Act, 1975
Registration of Importers as per provision of Plastic Waste Management Rues, 2016, as amended
Penalty u/s 114AA not imposable as goods were found as per declaration in Bill of Entry
No custom duty benefit on Main PCB, Lightning Protector, DC/AC Cables, Fuse Holders of IFWT
SAD refund allowed even though condition 2(b) of Notification No.102/2007-Cus. not complied
Custom broker license suspension – Officer issued post-decisional hearing notice drawn offence report – HC directs appointment another officer
Classification of bhusi/ bhuki of pulses / pulses waste -CESTAT directs readjudication
Mutilation of goods before clearance: CESTAT reduces Redemption Fine & Penalty
CESTAT allows SAD refund which was rejected for non-compliance of Notification No.102/2007-Cus. Dated 14.09.2007
CESTAT allows SAD Refund as No Limitation prescribed under Original Notification
SAD refund claim not time barred as no limitation is prescribed under original Notification
Customs Act: Penalty cannot be imposed on mere Contradictory Statements
Classification of Portable Computers viz. Barcode/RFID/Tablet Mobile Computer
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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