Custom Duty
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Customs Value Enhancement Set Aside for Ignoring Mandatory Valuation Rules
Face Recognition System are clearly Automatic Data Processing machine falls under CTH 8471
Customs Broker Not Liable for Exporter’s Misdeclaration: CESTAT Delhi
Customs Penalty Set Aside for Lack of Evidence and Denial of Cross-Examination
Confiscation of gold set aside as no corroborative evidence proved allegation of smuggling
No Penalty Under Sections 114 & 114AA Without Knowledge of Misdeclaration: CESTAT
17-Year Customs Challenge Fails as DRI Held Proper Officer for Duty Recovery
Finalised Bills of Entry Cannot Be Reopened to Claim Refund Based on Subsequent SC Ruling
AC-DC and DC-DC Power Modules Fall Under Heading 8504: CAAR Mumbai
Titanium Dioxide for Skin-Care & Toilet Soaps Not Liable to Anti-Dumping Duty: CAAR
Customs Tariff Values Revised for Oils, Gold, Silver, and Areca Nuts wef 16.12.2025
Anti-Dumping Duty on Faced Glass Wool Extended Till 17th June 2026
Taxation Tariff Change On Textile Industries
Gold pendant being finished gold jewellery are classifiable under CTH 7113
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.
