Customs duty is the tax imposed by the State on the import or export of goods into or out of the country. It is one of the major sources of revenue for the Government. In India, Customs duty is levied in accordance with the provisions of the Schedules to the Customs Tariff Act, 1975. Customs matters are also brought under the Customs Act, 1962 and non payment of customs duty makes for a criminal case and thus involves penal consequences. Import duties are levied on almost every commodity which is brought into the country from a foreign land baring a few goods like food grains, life saving drugs, fertilizers etc.
Customs duty levied on imported goods include Basic Duty; which may be at standard rate or preferential rate, Additional customs duty equal to central excise duty leviable on goods produced or manufactured in India, Special additional duty of customs at the rate of 4% in order to provide a level playing field to indigenous goods which have to bear sales tax, Additional duty of customs at the rate of Re 1/- per litre on imported motor spirit (petrol) and high speed diesel oil and anti dumping duty/ safeguard duty for import to specified goods with a view to protecting domestic industry from unfair injury.
There may be disputes and issues in respect of the various laws and their applicability in given circumstances when public and businesses deal with the Government authorities under the Customs Act, which may lead to litigation and we are able to provide appropriate professional legal help to anyone upto the stage of Appeals in this field.
We are competent to handle matters on original and appellate side to achieve excellent results for our clients.
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