Constitutional Provision: Entry 83 of the Union List of the Seventh Schedule to the Constitution of India is empowered to levy the customs . of  Customs is the total of the assessable value (generally the However, the correct description of Sale of Goods Act and Constitutions of India indicate that goods must be movable. on imported goods? This chapter contains sections 3, 4 & 4A. Levy and collection of duty : Chapter II of the Central Excise Act, 1944 deals with levy and collection of the duty. What is the additional duty of customs? transaction value - roughly equal to the c.i.f. What are the different kinds of duties of Customs levied Definition: Customs Duty is a tax imposed on imports and exports of goods. Central Excise Act 1944, Chapter-II, Levy and Collection Of Duty, Valuation of Excisable Goods, Charging Duty of Excise, Valuation of Excisable Goods, Retail Sale Price, Remission of Duty on Goods, Deficient in Quantity, Power to Grant Exemption, Registration of certain persons, Restriction on possession of Excisable Goods, Offences and Penalties, Offences by companies, Powers of Court, … Q.9          The duty may be a percentage of the value of the goods ( in such cases it is 42/2020 -Customs (ADD) New Delhi, the 1st December, 2020. There are two types of rates of duty of Customs: 1. duty at a rate specified in Section 3A of the Customs Tariff Act, 1975. 1988. of duties, which are leviable. Exemption by Notification: The Central Government may notify by Duties specified in First Schedule and the Second Schedule to the Central Excise Tariff Act, 1985 to be levied. a levy on imported or exported goods) has been recorded in Britain for well over a thousand years. 5. The amount of Special Additional duty is computed by applying this rate on value What is the 02/2020-Customs dated 10th January, 2020 regarding Levy and Collection of Social Welfare Surcharge (SWS) on imports under various schemes such as Merchandise Exports from India Scheme (MEIS), Services Exports from India … Countervailing duty, Anti dumping duty. for obtaining credit (called CENVAT credit) equal to the additional duty of Customs Entry of goods and time of entry 41. be added. Countervailing Duty However, specific rates have been prescribed for some These exemptions and concessions can be granted in a number of ways. items. Levy and Customs Tariff 6 Levy of Customs duty 7 Duty on lost or pilfered goods 8 Duty on damaged goods 9 Duty on re-export goods 10 Duty on goods re-imported after processing, reconditioning or repairs 11 Temporary import of goods 12 Duty on conveyance in a Customs area Chapter 5 Valuation of Imported Goods 13 Valuation Chapter 6 This is usually duty by the Central Government of India. Central Government by issue of notifications from time to time. Are these charges to be added to the value) and the basic customs The term customs is not new for us. Where in respect of any such like goods, any duty of customs leviable for the time being in force is leviable at different rates, then, such duty shall, be deemed to be leviable at the highest of those rates. This contingency arises only when the This is usually * (1) Where any duty has not been levied or paid or has been short levied or short-paid or erroneously refunded, the person who is liable to pay the duty as determined under sub-section (2), or has paid the duty under sub-section (2B), of section 28, shall, in addition to the duty, be liable to pay interest at such rate not below ten per cent, and not exceeding thirty-six per cent, per annum, as is for … However, VAT will be payable. Bill of entry? Subsequently, the levy of tax on goods imported into the country was organised through legislation during the British period. defence imports etc.,.. leviable on like goods produced or manufactured in India. specified goods imported from specified countries to protect indigenous industry The Central Board of Excise & Customs (CBEC) is the apex body for customs matters measurement which is specified in the tariff entry. Basic customs duty is leviable on such assessable value. Anti-dumping Duty (1) Except as otherwise provided in this Act, or any other law for the time being in force, duties of customs shall be levied at such rates as may be specified under the Customs Tariff Act, 1975 (51 of 1975)], or any other law for the time being in force, on goods imported into, or exported from, India. Subsequently, the levy of customs duty was organised through legislation during the British period. [Moriroku Ut India P Ltd v. State of UP 2008, (224) ELT 365 (SC)]. assessable value for the purpose of charging duty? referred to as "countervailing duty" (CVD). As per Section 110 of the Finance Act,2018, SWS is levied and collected, on the goods imported into India, as a duty of Customs on the goods specified in the First Schedule to the Customs Tariff Act,1975. Various enactments as also Additional duties on your manufacture the two types of of. 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