Custom Duty
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Amends Notification No. 96/2008-Customs, dated the 13th August, 2008
Amends Notification No. 8/2011-Customs, dated the 14th February, 2011
Regarding continuation of anti-dumping duty on ‘Sodium Hydrosulphite originating in, or exported from, China PR
Amends Notification No. 15/2008-Customs, dated the 5th February, 2008
Amends Notification No.39/96-Customs, dated the 23rd July, 1996
Anand Sharma Rules Out Freezing of the Custom Duties at the Current Levels
Regarding Implementation of The Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order, 2009
Seeks to provide provisional assessment to imports of ceramic glazed tiles other than vitrified tiles originating in or exported from China PR by M/s M/s Gaoyao Marshal Ceramics Co. Ltd China PR (producer) through M/s Foshan Dihai Trading Development Co. Ltd.-China PR (exporter)
Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001- Notification No. 87/2011 – Customs (N. T.)
Corrigendum to Notification 110/2010 – Customs, dated October 19, 2010
International Customs Day 2012 to be celebrated on Friday, the 27th January, 2012
Rescinds notification no. 78/2006-Customs, dated the 8th August, 2006
Exempts from Special Additional Duty (SAD) all goods exempted under notification no. 104/2010-Customs, dated 1st October,2010 when imported from Nepal.
Regarding Classification of Chloroparaffins/Chlorinated Paraffins
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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