Custom Duty
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Inordinate Delay Bars Finalisation of Provisional Assessment; 5-Year-Old Duty Demand Set Aside: CESTAT Chandigarh
Customs Penalty quashed Due to Lack of Proof of Mis-Declaration in Scrap Import
CAAR Denies APTA Benefit Due to Absence of Third-Party Invoicing Provision
Bio-stimulant classifiable as Plant Growth Regulator due to physiological action, not nutrient supply: CAAR
PCR systems not classifiable as spectrometers as optical analysis is only incidental: CAAR
Delhi HC Rejects ‘Old and Used’ Gold Claim, Directs Passenger to Appeal
Custom Writ Petition Dismissed Over Misclassification Allegation & Goods Seizure
Goods Already Re-Exported Cannot Be Confiscated Under Customs Act: CESTAT Mumbai
Kerala HC: Lower Conversion Factor Applies to Pre-2012 Myanmar Timber Imports; Additional Duty Refund Allowed
Delhi HC Pulls Up Customs for Delay in Court-Ordered Release of Gold Chain & iPhone
Period spent prosecuting before wrong forum to be excluded while computing limitation
Govt Revises Tariff Values for Edible Oils, Metals & Areca Nuts wef 12.12.2025
Gold Smuggling: SC Upholds Revocation as Broker Failed to Verify Clients & Report Irregularities
Delhi HC Set Aside Customs Order for Failure to Prove Service by Speed-Post
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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