TaxationAct No. 52 of 1962In Force

The Customs Act, 1962

Governs the levy and collection of customs duties on imports and exports, the prevention of illegal imports and exports, and related procedures. The Act administered by the Central Board of Indirect Taxes and Customs (CBIC) through Customs Houses at ports, airports, and land border crossings. It provides for advance rulings, valuation disputes, and settlement through the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).

Sections

161

Schedules

Ministry

Ministry of Finance

Last Amended

2023-03-24

Key Provisions

→Levy of customs duties: basic customs duty, integrated customs, cess

→Valuation rules — transaction value principle

→Customs clearance: bill of entry for imports, shipping bill for exports

→Bonded warehouses and duty deferment

→Advance ruling on classification, valuation, and origin

→Search, seizure, and arrest powers of customs officers

→Penalty and confiscation of smuggled goods

→Appeal: Commissioner (Appeals), CESTAT, High Court

Related Practice Areas

taxation regulatory-compliance fdi-advisory

customsimport dutyexportcustoms clearanceCESTATcustoms dutyvaluation

Section-by-Section Reference

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Indian government legislation is in the public domain under S.52(1)(q) of the Copyright Act, 1957. This reference is for educational purposes. Laws are amended frequently — verify the current text on the e-Gazette of India before relying on it for legal proceedings.