What is Customs Clearance? Customs clearance is a legal and formal documentation process for allowing import and export of goods. In other words, it is a documented permission that the…

Indian Customs Tariff Classification As discussed in the previous chapter, custom duties or tariff are the major sources of the government’s revenue. At present, custom duties constitute almost 30% of…

Legal Framework of Customs in India In India, Article 265 of Indian constitution lays down, “no tax shall be levied or collected except by authority of law.” In India, CBEC…

Customs Tariff Act, 1975 Customs Tariff Act, 1975 defines the duty or taxes that are levied on goods imported into India and goods exported out of India. The main purpose…

Custom Act in India There are various acts enacted in India related to customs. These acts regulate international trade in a transparent manner by controlling illegal trade like drugs and…

What is Customs? Customs can be defined as an authority/agency in a country/state that collects customs duties and controls the flow of goods into and out of a country. A…