Custom Duty
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CESTAT Allows 12% IGST on Poultry Machinery Parts as Beneficial Circular Applies Retrospectively
CESTAT Sets Aside Customs Demand as Offshore Materials Were Already Duty Paid
Prior testimony not admissible u/s. 33 of Indian Evidence Act as unavailability of witness not proved
Optical Sheets Classified as TV Parts Since Solely Designed for LED Use: CAAR Mumbai
CESTAT Chennai Sets Aside Custom Duty Demand as Goods Were Provisionally Assessed
CAAR Mumbai Declines Ruling as Roasted Areca Nut Classification Already Settled by HC
Window Regulator Guide Rail Classified Under 87082900 as Solely Used in Motor Vehicles: CAAR Mumbai
Areca nuts treated as prohibited as imported below Minimum Import Price: Absolute confiscation justified
Customs Notifies Revised Tariff Values for Gold, Silver & Edible Oils wef 19 Feb 2026
Customs Confiscation of helicopter upheld since used for private purpose without any remuneration earned
Customs Broker Not Liable for Exporter’s Non-Existence When IEC & GSTIN Are Genuine CESTAT Delhi
Duty Drawback Increased for Gold Jewellery and Silver Jewellery/Articles
Calcutta HC Upholds Gold & Cash Seizure Under Customs Act; Orders Adjudication Within 3 Months
CESTAT Chennai Quashes Customs Demand; Extended Limitation Not Invoked Without Wilful Misstatement
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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