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Free Customs Duty Calculator

The Custom duty calculation for imprting goods in India

The Custom duty derived its value from the word ―custom‖ under which whenever a merchant entered a Kingdom with his merchandise, he had to give some gift to the king. Subsequently, this custom formalized into the levy of custom duty or tax on goods imported into and exported from the country was organized through various laws during the British period. After Independence the Sea Customs Act 1878, the Land Customs Act, 1924 and other allied enactments were repealed by a consolidating and amending legislation entitled the Customs Act, 1962. Similarly the Indian Customs Act, 1934 was repealed by the Customs Tariff Act, 1975(CTA).

Custom Duty is an indirect tax, imposed under the Customs Act formulated in 1962. The power to enact the law is provided under the Constitution of India under the Article 265, which states that ―no tax shall be levied or collected except by authority of law‖. Entry No. 83 of List I to Schedule VII of the Constitution empowers the Union Government to legislate and collect duties on import and exports. The Customs Act, 1962 is the basic statute which governs entry or exit of different categories of vessels, aircrafts, goods, passengers etc., into or outside the country. The Act extends to the whole of the India.

Customs Act, 1962 and Customs Tariff Act, 1975 are the two limbs of Customs Law in India which must be read with rules and regulations. The rule making power is delegated to the Central Government while the regulation making power delegated to the Central Board of Excise and Customs (CBEC). There are a number of rules and regulation prescribed from time to time to carry the objective of the Act. Some of the rules and regulations are Baggage Rules , 2016, Customs , Central Excise Duties and Service Tax Drawback Rules,1995, Re-Export of Imported Goods (Drawback of Customs Duties) Rules, 1995, Customs Valuation (Determination of Price of Imported Goods) Rules, 2007, Customs Valuation (Determination of Value of Export Goods) Rules, 2007, Customs (Advance Rulings) Rules, 2002, Customs (Appeals) Rules, 1982 Customs( Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996, Specified Goods (Prevention of Illegal Export) Rules, 1969, Customs (Compounding of Offences) Rules, 2005, Customs (Settlement of Cases) Rules, 2007, Notified Goods (Prevention of Illegal Import) Rules, 1969, Bill of Entry (Electronic Declaration) Regulations, 2011, Customs (Provisional Duty Assessment) Regulations, 2011, Customs House Agents Licensing Regulations, 2004

Easily track your purchase & shipment

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