Custom Duty
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Madras HC Directs Customs to Clear Micro Enterprise Imports Without BIS Certificate
Customs Duty Rate Determined by Entry Inwards at Port, Not Territorial Waters Arrival
Provisional Release Conditions for Undervalued Viscose Knitted Fabric Modified
Transparent Flexible LED Films Not Signalling Devices: CAAR Mumbai
Different Colours Not a Bar for Classification as Sleepwear: CAAR Delhi on Uniqlo Lounge Sets
PCB cards used as parts of OTN equipment are classifiable under CTI 8517 70 90
Determining assessable value of furniture on the basis of weight cannot be justified
License fee paid for the right to use software couldn’t be included in the customs valuation of imported CDs
Delhi HC expresses concerns regarding proposed definition of jewellery u/r 2(viii) of Baggage Rules
Classification of Roasted Areca Nuts as roasted not dried as drying and roasting were ‘Diametrically Different’ Processes
Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver wef 10.10.2025
Implementation of Sea Cargo Manifest and Transhipment Regulations (SCMTR)
Restoration of Customs Broker’s License with reduced penalty in case of procedural lapse
No combined penalty u/s 112, 114A, and 114AA for mis declared fabric consignment, CESTAT directed reconsideration in Customs Duty dispute
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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