Latest Customs News — Import Duty & Trade Updates India

Latest customs duty news, import-export policy changes, DRI enforcement actions, and trade facilitation updates from CBIC.

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Customs

Oman India Free Trade Agreement Likely To Take Effect From June 1 Muscat Daily

The Oman-India CEPA is expected to be implemented in June 2024, reducing import duties and boosting bilateral trade. Businesses must prepare to leverage the new tariff...
Customs

Import Duty On Cars In India 2026 Rates Calculation And Tax Structure Cleartax

India's import duty on cars in 2026 varies from 60% to 100% based on engine size and CIF value, impacting market competitiveness. Businesses should monitor policy changes and...
Customs

Bihar Strengthens India Nepal Border Security Initiatives Against Smuggling Trafficking And Infiltrati The Times Of Indi

Bihar strengthens India-Nepal border security to combat smuggling, leading to increased seizures. Businesses face stricter compliance requirements and potential penalties.
Customs

Tighter Customs Rules Disrupt Everyday Life The Times Of India

New customs regulations are causing delays and increasing compliance costs for businesses. The CBIC's increased scrutiny aims to curb illicit trade but impacts legitimate businesses.
Customs

Speeding Up Dgft Processes Requires Guardrails For Consistency The Policy Edge

is automating DGFT processes, requiring consistency safeguards. This ensures fair trade policy enforcement, preventing disputes and compliance issues.
Customs

No Plan To Raise Duties On Gold Silver Imports Indian Govt Official Businessline

The Indian government has announced no immediate plans to raise import duties on gold and silver, providing stability for related industries. This decision helps businesses in...
Customs

Data Leaked To China Based Firms Customs Officer Detained A2z Taxcorp Llp

A Customs officer is detained for leaking A2z Taxcorp LLP data to China-based firms. This breach raises concerns about data security and potential misuse of confidential information.
Customs

Seize Hydroponic Weed Worth Rs 198 Crore Foreign Currency At Airport Msn

Customs officials seized hydroponic weed worth Rs 198 crore at Mumbai airport, concealed in a courier consignment. The seizure highlights the need for enhanced vigilance and...
Customs

Mumbai Crime DRI Arrests 2 Passengers For Allegedly Smuggling Diamonds Worth 570 Crore To Bangkok At

Mumbai DRI intercepted a diamond smuggling operation worth ₹570 crore, arresting two passengers bound for Bangkok. The incident highlights the need for stringent customs...
Customs

Iol Chemicals And Pharmaceuticals Receives 20594796 Penalty Order From Customs Authority Over Fta Exemption Dispute Scan

Chemicals faces a ₹20,594,796 customs penalty over an FTA exemption dispute. The case underscores the need for careful FTA compliance and robust documentation.
Customs

India Preparing To Hike Gold Import Duty Pm Modis Appeal Sparks Speculation Moneycontrolcom

India is considering hiking gold import duties after a surge in imports. This move aims to stabilize the economy by reducing reliance on gold.
Customs

Import Duty On Gold Silver Hiked To 15 As Govt Moves To Curb Imports Support Rupee After Pm Modis Appeal The Daily Jagra

The Indian government has raised the import duty on gold and silver to 15% to curb imports and strengthen the rupee. This change will impact businesses importing these precious...
Customs

Jk Police Arrest 646 Seize 260 Kg Narcotics In 28 Days News Arena India

Jammu and Kashmir Police arrested 646 individuals and seized 260 kg of narcotics in 28 days. This highlights the need for businesses to enhance due diligence and compliance...
Customs

Duty Drawback Taxable Only Upon Actual Receipt Holds Itat

The ITAT Delhi ruled that duty drawback is taxable only upon actual receipt, providing clarity for exporters. This decision impacts the timing of income recognition for tax purposes.
Customs

DRI Busts 2000 Crore Surat SEZ Diamond Hawala Scam The Blunt Times

uncovered a ₹2,000 crore hawala scam in Surat SEZ involving fraudulent ITC claims by diamond firms. The investigation may lead to prosecution under Section 69 of the CGST Act.
Customs

Mumbai Customs Seize Gold Worth Over Rs 315 Crore In Two Separate Smuggling Cases At Csmi Airport Lokmattimescom

Mumbai Customs seized over ₹315 crore worth of smuggled gold at CSMIA, highlighting the need for vigilance. The seizures underscore the importance of stringent enforcement to...
Customs

DRI Unearths Racket Of Polished Diamonds Import In Sursez The Times Of India

uncovered a ₹500 crore polished diamond import racket in Sursez. Importers misdeclared polished diamonds as rough to evade customs duties, leading to revenue loss.
Customs

Seizes Hydroponic Weed Worth Rs 3493 Crore At Delhi IGI Airport Two Passengers Arrested Under Ndps Act Juris Hou

Delhi Airport customs seized ₹3493 crore worth of hydroponic weed, leading to two arrests under the NDPS Act. The incident highlights the need for increased vigilance and...
Customs

Indias Gold Import Duty Hike May Reduce Demand By 10 In 2026 Wgc Indian Jeweller

India's gold import duty has increased to 15% in 2026, potentially reducing demand by 10%. This change impacts jewelers and consumers, necessitating strategic adjustments.
Customs

DRI Seizes Cocaine Worth 1329 Crore At Mumbai Airport Two Arrested

seized ₹1329 crore worth of cocaine at Mumbai Airport, arresting two individuals. This highlights the need for stringent compliance in import/export operations.
Customs

CBIC Operationalises System Based Identification Of Hazardous Cargo At The Bill Of Entry Stage Mandatory Item Level Decl

implements system-based identification for hazardous cargo, mandating item-level declarations. This enhances risk management but increases compliance burdens for importers.
Customs

CBIC Extends Validity Of Customs Circulars Till 30th June 2026 Due To Disruptions In Strait Of Hormuz

extends customs circular validity until June 30, 2026, due to Strait of Hormuz disruptions, providing stability for businesses. This extension allows businesses more time to...
Customs

3 Arrested For Smuggling Leopard Skin The Times Of India

Three individuals were arrested for smuggling leopard skin, highlighting the intersection of wildlife crime and financial offenses. Tax professionals should be aware of...
Customs

Dgft Clarifies Eligibility Under Relief Component Ii Of Export Promotion Mission Benefit Extended To Exporters Obtaining

clarifies that exporters benefiting from RoDTEP are eligible for Component II of the Export Promotion Mission. This allows exporters to maximize incentives and boost export volumes.
Customs

Seize 5 Kg Hydroponic Ganja Worth Rs 5 Cr At Trichy Airport The Times Of India

Customs officials seized 5 kg of hydroponic ganja worth ₹5 crore at Trichy Airport. The incident highlights the need for increased vigilance against drug trafficking.
Customs

Dgft Tightens Duty Free Gold Imports Caps IT At 100 Kg Per Permit Asianet Newsable

limits duty-free gold imports to 100 kg per permit to prevent misuse. Importers must adjust strategies to comply with the new regulations.
Customs

Seizes Another Luxury Car Linked To Dulquer Salmaan In Operation Numkhor The420in

A Rolls Royce linked to Dulquer Salmaan was seized for alleged import duty evasion of ₹8 crore. The seizure highlights increased scrutiny on high-value imports and potential...
Customs

CESTAT Dismisses 5415 Lakh Refund Appeal Customs Duty Reassessment Denied Us 175 Late Filing Bars Section 27 Claim

dismissed a ₹5415 lakh customs duty refund appeal due to a 175-day delay in filing, emphasizing the importance of adhering to Section 27 of the Customs Act. Importers must...
Customs

India And Gulf Cooperation Council Sign Terms Of Reference For Indiagcc Free Trade Agreement

India and the GCC have finalized terms for a Free Trade Agreement to boost trade beyond $180 billion by reducing tariffs and streamlining customs. Businesses must prepare for...
Customs

CESTAT New Delhi Quashes Duty Demand On Ismartu India Holds Ckdskd Reclassification Not Established Livelawbiz

New Delhi quashed a duty demand on Ismartu India, citing insufficient evidence for reclassification of CKD/SKD kits. The ruling emphasizes the importance of accurate import...
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About Latest Customs News — Import Duty & Trade Updates India

TaxIntelHub tracks the latest customs news in India including import duty changes, anti-dumping duties, customs valuation rulings, DRI seizures, and CBIC trade facilitation measures. Updated daily.

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