Custom duty is a type of indirect tax that is levied on all the goods that are imported to the country as well as some goods exported from the country. The duty levied on the former is referred to as import duty while that on the latter is referred to as the export duty. In simple words, any tariff that is introduced on goods across national borders is referred to as custom duty. The duty levied depends on the value of the goods, its dimensions and weight along with a lot of other criteria. Custom Duty in India falls under the Customs Act, 1962.
Excise duty is an indirect tax paid to Government of India imposed on goods for their production, licensing and sale. Excise duty earlier used to be levied as Central Excise Duty, Additional Excise Duty, etc at the central level. However, the Goods and Services Tax (GST), introduction in July 2017, subsumed many types of excise duty. Today, excise duty applies only on petroleum and liquor. Sabkuch Legal is one of the best in the domain in dealing with custom and excise issues.
The benefits of pursuing custom and excise issues are:
How do I pay custom duty online?
To pay custom duty online, you can follow the steps below:
What is the ICEGATE portal?
The ICEGATE is an e-Commerce Portal of Central Board of Excise & Customs. It provides services such as e-filing to the cargo and trade carriers.
What are the factors that influence customs duty?
Some of the factors that affect customs duty are the value of the goods, their dimensions, weight, etc.
What is the difference between specific duties and ad valorem duties?
If customs duties are levied as per the quantity or weight of goods, they are called specific duties, whereas if they are levied on the basis of the value of goods, they are termed as ad valorem duties.
How long does Sabkuch Legal take to deal with custom and excise issues?
We try our best to complete your task in 2 business days.