What is Custom Duty?

  • It is a duty or tax charged on Goods imported into India or exported outside India
  • On Imports, Goods are allowed to be entered India only if custom duty is paid
  • Similarly in case of exports, goods are allowed to be exported outside India only if custom duty is paid

 

Constitutional Power to Impose Customs Duty

E n t r y 8 3 of th e U ni o n L i s t o f th e Sevent h Schedule to the Constit u tion of India empowers Central Government to impose duty,

D utie s o f C u sto m s inc l udi n g E xpor t dut i e s.

  1. Indirect Tax
  2. Customs
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CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.