Custom Duty
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Tariff Notification No. 09/2023-Customs (NT) Dated: 15th February 2023
Reassessment by Deputy Commissioner after clearance of goods for home consumption is bad in law
Customs field formations and DRI keep constant vigil to deter smuggling of gold and drugs
Anti-dumping Duty cannot be demanded on the basis of expired notification
Duty paid against order assessing customs duty which was appealed is duty paid under protest
Compliance of BIS standards for toys or parts of toys during import – reg
Order rejecting duty drawback claim without specifying reason for rejection is non-speaking order
Classification of Amazon Fire TV Stick/HDMI digital media receiver
Advance Ruling by CAAR maintainable as question not pending for consideration
Duty exemption available as there is no transfer in violation of actual user condition
Clarification on applicability of Plastic Waste Management Rules, 2016 on imported goods
Instruction regarding Import of High risk food products at specific ports – reg.
No demand in case DGCA found that use of Aircraft was in accordance with permit granted
Analysis of Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023
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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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