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Custom Duty Articles, News, Notification and Circular

Custom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty<br>keywords<br>TaxGuru is a platform that provides Updates On Amendments in Income Tax, Wealth Tax, Company Law, Service Tax, RBI, Custom Duty, Corporate Lawu00a0, Goods and Service Tax etc.<br>To know more visit at https://taxguru.in/category/custom-duty/

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Custom Duty Articles, News, Notification and Circular

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  1. Custom Duty | Custom Duty Meaning, Calculators, Rules, exemptions Articles Notification, Circulars, Recent Changes, Duty Drawback Rates, Custom Rates, Anti-Dumping Duty taxguru.in/category/custom-duty/ Editor6 1. 2. Category 3. Custom Duty Articles News Judiciary Notifications View More Custom Duty Articles Recent Posts in "Custom Duty" | Total 8780 Posts ADG, DRI cannot Send Notice for Customs Duty or Interest Payment Modern Insecticides Limited Vs Commissioner of Customs (CESTAT Chandigarh) - Additional Director General (ADG), DRI is not a proper Officer within the meaning of Section 28 (4) read with Section 2 (34) of Customs Act, 1962. Further, the said decision has been followed by the Hon’ble Madras High Court in the case of Quantum Coal Energy Pvt. Ltd. (supra) and the jurisdictional Hon’ble High Court of Punjab & Hary... Read More Posted Under: Custom Duty | Judiciary | All CESTAT, CESTAT Chandigarh CBIC Notifies Rate of Exchange of Foreign Currencies wef 22.10.2021 Notification No. 82/2021 - Customs (N.T.) - 21/10/2021 CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 22nd October, 2021, vide Notification No. 82/2021-Customs (N.T.) | Dated: 21st October, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 82/2021 – Customs ... Read More 1/5

  2. Posted Under: Custom Duty | Notifications N.T., Notifications/Circulars Challenge to Enhancement of Value (Re-Assessment) Under Section 17(4) of Customs Act, 1962 1. Whether an Importer/Assesse Can Challenge the Enhancement of Value (Re- Assessment) Under Section 17(4) of the Customs Act, 1962 by way of an appeal under section 128 of the Customs Act, 1962 Pursuant to Acceptance of Value Enhanced by The Assessing Authority in Terms of Section 17(5) of The Act? 2. Whether Such Appeal Filed […]... Read More Posted Under: Custom Duty | Articles Reg. Multiple requests made for change in CFS for particular bill of lading /consignments editor2 20 Oct 2021 0 comment F. No. S/22-Gen-402/2017-18 AM(I) DPD Cell - 20/10/2021 It is hereby instructed to all concerned that in cases of multiple requests made for change in CFS for particular bill of lading /consignments, the latest request for change of CFS shall be taken as final request.... Read More Posted Under: Custom Duty | Guidelines, Notifications/Circulars ADD on Phenol imported from European Union, Singapore & Korea RP editor3 20 Oct 2021 0 comment Notification No. 61/2021-Customs (ADD) [G.S.R.748(E)] - 20/10/2021 Notification No. 61/2021-Customs (ADD) Seeks to rescind Notification No. 06/2016- Customs(ADD) levying ADD on Phenol originating and imported from European Union, Singapore and Korea RP. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 20th October, 2021 Notification No. 61/2021-Customs (ADD) G.S.R.748(E).—In exerc... Read More Posted Under: Custom Duty | Notifications ADD, Notifications/Circulars Custom Authority cannot insist for producing entire original VAT/ST challans if no deficiency memo 2/5

  3. a2zbimaljain 16 Oct 2021 0 comment Aditya Chemicals Vs Commissioner of Customs (CESTAT Chennai) - Aditya Chemicals Vs Commissioner of Customs (CESTAT Chennai) Production of original VAT or Sales Tax Challans not required for grant of SAD refund unless any deficiency memo is issued The Hon’ble Customs, Excise & Service Tax Appellate Tribunal, Chennai (the CESTAT Chennai) in the case of M/s Aditya Chemicals v. Commissioner of Cust... Read More Posted Under: Custom Duty | Judiciary | All CESTAT, CESTAT Chennai ADD on Aceto Acetyl Derivatives of aromatic or hetrocyclic compounds editor2 14 Oct 2021 0 comment Notification No. 60/2021 -Customs (ADD) [G.S.R.739(E)] - 14/10/2021 CBIC Seeks to levy of ADD on Aceto Acetyl Derivatives of aromatic or hetrocyclic compounds also known as Arylides originating in or imported from China PR vide Notification No. 60/2021 -Customs (ADD) Dated: 14th October, 2021. MINISTRY OF FINANCE NOTIFICATION New Delhi, the 14th October, 2021 Notification No. 60/2021 - Customs (ADD) G.S.R.... Read More Posted Under: Custom Duty | Notifications ADD, Notifications/Circulars Tariff Notification No. 81/2021-Customs (N.T.) Dated: 14.10.2021 Notification No. 81/2021-Customs (N.T.) - 14/10/2021 Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Notification No. 81/2021-Customs (N.T.) Dated: 14th October, 2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, 14th October, 2021 Notification No. 81/2021-Customs (N.T.) S.O. 4297(E).—In exercise ... Read More Posted Under: Custom Duty | Notifications N.T., Notifications/Circulars Govt reduces AIDC on crude soya, sunflower & palm oils till 31.03.2022 Notification No. 49/2021-Customs - 13/10/2021 3/5

  4. Seeks to reduce AIDC on crude soya, sunflower and palm oils till 31.03.2022 vide Notification No. 49/2021-Customs Dated 13th October,2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 49/2021-Customs New Delhi, the 13th October, 2021 G.S.R. ……… (E). – In exercise of the powers co... Read More Posted Under: Custom Duty | Notifications, Notifications/Circulars Govt reduces BCD on crude & refined soya, sunflower & palm oils till 31.03.2022 Notification No. 48/2021-Customs [G.S.R. 733(E)] - 13/10/2021 Seeks to reduce BCD on crude and refined soya, sunflower and palm oils till 31.03.2022 vide Notification No. 48/2021-Customs Dated 13th October,2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 48/2021- Customs New Delhi, the 13th October,2021 G.S.R. 733(E). – In exercise of the powers conferred b... Read More Posted Under: Custom Duty | Notifications, Notifications/Circulars Latest Custom Duty News Read all the headlines and latest custom duty news, updates and announcements regarding Customs Act, changes in custom duty rates and custom duty challans only at Taxguru.com 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 4/5

  5. 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. 5/5

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