CUSTOMS DUTY
CUSTOMS DUTY |
|
|
|
Customs duties are levied on the imported goods and in a few cases on export goods at the rates specified in the schedules to the Customs Tariff Act, 1975. The taxable event is import into or export from India. Import duties generally consist of the following |
 |
Basic Duty |
|
Additional Customs Duty equal to Central Excise duty leviable on like goods produced or manufactured in India. |
|
Countervailing Duty |
|
Surcharge @ 10% of Basic Duty |
|
Special Additional Duty @ 4% to be computed on the aggregate of (i) assessable value, (ii) basic duty, (iii) surcharge and (iv) additional duty of Customs |
|
Additional duty of Customs @ Rs. 1/- per litre on imported motor spirit (petrol) and high speed diesel oil. |
|
Anti dumping duty/safeguard duty for import of specified goods. |
|
