Custom Duty
Log in to FollowCustom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty
Multifunction Devices Retaining Essential Character of Relays Eligible for Customs Exemption: CESTAT Delhi
CESTAT Sets Aside Customs Duty Demand as Electronic Evidence Did Not Meet Section 138C Requirements
Duty Drawback Cannot Be Denied as Phone Activation Before Export Is Mere Configuration
Anti-Dumping Duty Extended Till November 2026 Through Fresh Customs Amendment
India Imposes Anti-Dumping Duty on Monoisopropylamine Imports From China
Incomplete CRCL Test Reports Cannot Justify Reclassification of Imported Solvents as Kerosene: CESTAT Mumbai
Education Cess Paid via MEIS Scrips Cannot Be Recovered Again in Cash: CESTAT Mumbai
Past GST Cancellation Cannot Justify Customs Broker License Revocation: CESTAT Delhi
Customs Reclassification Rejected as Cold Drawn Steel Product Was Held to Be Wire and Not Wire Rod
CESTAT Rejects Refund Claim as Self-Assessed Bill of Entry Was Never Challenged
CESTAT Deletes CHA Penalty as Misclassification Alone Does Not Make Goods Confiscable
Anti-Dumping Duty
CESTAT Allows Reassessment for Excess CVD Refund Due to Wrong Classification of Gold Jewellery
E-Scooter Imports Cannot Be Treated as Complete Vehicles Without Essential Components: CESTAT Chennai
Latest Custom Duty News
Read all the headlines and latest custom duty news, updates and announcements regarding Customs Act, changes in custom duty rates and custom duty challans only at Taxguru.com
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.
