Stay updated on custom duty notifications for changes in import/export regulations, tariffs, and trade facilitation measures. Get the latest updates on duty exemptions, preferential trade agreements, and compliance requirements through custom duty notifications.
Custom Duty : This explains the end-to-end regulatory framework governing medical device imports into India. It highlights why compliance with C...
Custom Duty : Explains how restricted imports are regulated in India and the approvals required. The key takeaway is that advance licensing and ...
CA, CS, CMA : Explains the core customs and foreign exchange compliance obligations for exporters operating from the North Eastern Region and wh...
CA, CS, CMA : ITIRS 2018 encourages citizens to report substantial tax evasion, guaranteeing confidentiality and structured rewards. False repor...
CA, CS, CMA : Stay informed with this week’s crucial notifications and court rulings affecting Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI...
Custom Duty : Government initiatives, including PLI schemes and export missions, support resilience and growth in textile and apparel exports de...
Custom Duty : Notification 45/2025 merges 31 previous customs notifications into a single reference, continuing most exemptions and simplifying ...
Custom Duty : India's government has reduced the customs duty on crude edible oils to 10% to lower consumer prices and support the domestic refi...
CA, CS, CMA : A summary of the CAG's audit report on Customs and DGFT reveals deficiencies in infrastructure, manpower, and compliance, leading ...
Custom Duty : Finance Minister releases 5th National Time Release Study. ART declines at ports; TRS expands to new locations with advanced metho...
Custom Duty : The authority held that an advance ruling cannot be issued when the same classification issue is already pending before customs of...
Custom Duty : The authority ruled that carbon pultruded plates are not carbon fibre under the amended exemption notification and therefore canno...
Custom Duty : AAR Mumbai held that architecturally finished stainless steel wall panels retain the character of flat-rolled products and must be...
Custom Duty : The authority examined whether a plastic nozzle connector should be taxed as a general plastic article or as machinery parts. It h...
Custom Duty : The advance ruling held that window glass used exclusively in display assemblies is not classifiable as safety glass. Its function...
Custom Duty : The notification substitutes updated tariff tables for specified imports while retaining existing values. The key takeaway is valu...
Custom Duty : Customs has replaced valuation tables while maintaining current tariff benchmarks. The move ensures consistency in import valuatio...
Custom Duty : The notification substitutes tariff value tables but keeps rates unchanged for key imports like edible oils, metals, and areca nut...
Custom Duty : Export benefits have been formally enabled for goods sent through the postal route. The circular allows electronic claims of incen...
Custom Duty : Clarifies that consignments with inward entry dates between November 2025 and January 2026 are exempt from mandatory quality contr...
The importer executes a bond in such form and for such sum and with such surety or security as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs binding himself to fulfil export obligation equivalent to six times the CIF value of the goods imported on FOB basis, or four times of the CIF value on Net Foreign Exchange basis as specified in the licence, or for such higher sum as may be fixed by the Licensing Authority, within a period of eight years in the following proportions
The goods imported are covered by a valid licence issued on or after 1st May, 1995 under the Export Promotion Capital Goods (E.P.C.G) Scheme in terms of Export and Import Policy (hereinafter referred to as the said policy) permitting import on payment of duty of customs at the rate of 15% and the said licence is produced for debit by the proper officer of the customs at the time of clearance
That the export obligation is discharged within the period specified in the said certificate or within such extended period as may be granted by the Licensing authority by exporting goods manufactured with the use of materials imported in terms of this notification and the importer produces the said certificate together with evidence of discharge of export obligation to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs within a period of thirty days of the expiry of period allowed for fulfillment of export obligation or within such extended period as the said Assistant Commissioner of Customs or Deputy Commissioner of Customs may allow.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts materials imported into India against Special Value Based Advance Licence (hereinafter referred as the said licence) for the export of readymade garments (other than leather garments) issued under Scheme “A” contained in Appendix XXII-A of the Handbook of Procedure 1 April, 1992 – 31 March, 1995
Where the importer does not claim exemption from the additional duty of customs leviable under section 3 of the Customs Tariff Act, 1975 (51 of 1975), he shall be deemed not to have availed the exemption from the duty specified in the First Schedule to the said Customs Tariff Act for the purpose of calculation of the said additional duty of customs.
Section 74 and Section 75 of the Customs Act, 1962 have been amended by Finance Act, 1995 and a new section 75A has been introduced. Some of the significant changes are as under
I am directed to invited your attention to the provisions of the Finance Bill, 1995, which sought to introduce a new section 28AA in the Customs Act. 1962 for the purposes of levy of interest on delayed payments of confirmed demands by the assesses, and to say that
I am directed to say that the Finance Bill 1995 has received the assent of the President of India on 26.5.1995 and with the coming into force of the Finance Act 1995 Chapter 98 of the Custom Tariff Act, 1975 stands amended such that vide NOTE 4″ goods imported through courier service” are excluded from the said Chapter. Accordingly, Imports by courier shall NOT henceforth be classified as
The Board has had the occassion to examine the question of assessment of goods imported in unassembled form, particularly in the context of certain recent imports of cars in SKD kits form with the omission of a few parts like the batteries and tyres
The undersigned is directed to say that in terms of the amended section 142 of the customs Act, 1962, in addition to the existing modes of recovery of govt. dues mentioned therein, a provision has been made to empower custom officers to attach and sell the
