Custom Duty
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Deferred Customs Duty Facility Extended to Eligible Manufacturer Importers to Expedite Clearance
Customs Demand Set Aside for Violation of Natural Justice Due to Non-Issuance of Notice
Four-Decade-Old Smuggling Case: Conviction Affirmed, Sentence Mitigated on Equitable Grounds
CESTAT Sets Aside Remand Order as CESTAT Judgment Cannot Be Treated as ‘Additional Evidence’
Duty & Penalty Set Aside as DGFT Scrips Not Cancelled U/s. 28AAA: CESTAT Ahmedabad
Customs Notifies Revised Tariff Values for Gold, Silver & Edible Oils wef 28 Feb 2026
Reducing Higher Declared Value to Impose ADD Not Permissible Under Rule 12: CESTAT Mumbai
Witness statement recorded u/s. 108 irrelevant as procedure u/s. 138B not followed
Statement made u/s. 108 not relevant as procedure contemplated u/s. 138B not followed
CESTAT Sets Aside Section 112 Penalty for Lack of Specific Allegations in SCN
CESTAT Quashed Vehicle Confiscation as No Proof of Owner’s Knowledge of Smuggling
Mere Mining Suitability Not Enough: CAAR Denies OTR Classification for WD989 Tyres
Statement u/s. 108 stands irrelevant as procedure contemplated u/s. 138B not followed
Customs Notifies Revised Tariff Values for Gold, Silver & Edible Oils wef 25 Feb 2026
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.
