BLH Understanding Customs Levy, Valuation & Assessment By Rajendranath Bharathi 1st Edition Dec 2025

BLH Understanding Customs Levy, Valuation & Assessment By Rajendranath Bharathi 1st Edition Dec 2025

Customs is an authority or tax collection wing appointed by the Government in every country for controlling and for collecting of tax on the flow of goods into and out of a country. Customs Duty’ refers to the tax imposed on the goods when they are transported across the international borders. Custom Duty is an indirect tax, imposed under the Customs Act formulated in 1962.

Following are the types of customs duty in India – Basic Customs Duty, Countervailing Duty (CVD), Additional Customs Duty or Special CVD, Protective Duty, Anti-dumping Duty

This book is a humble attempt to guide the reader regarding Customs clearance procedures, Customs Levy, Valuation, Classification, Assessment provisions, and the latest changes thereof. etc. It also includes the related latest amended provisions of The Customs Act, 1962 as well as the Customs Valuation Rules and other relevant Rules & Regulations. Recent Court & Tribunal case laws in brief, are also included

Content of the book is as follows –

• I             Introduction
• II            Relevant provisions of the Customs Act, 1962
• III          Levy, Classification and Assessment of Goods
• IV          Customs Valuation
• V            Customs Clearance Procedures
• VI          Import & Export Restrictions and Prohibitions
• VII         Detention & Release/Storage of Imported/ Export Goods
• VIII       Re-importation and Re-exportation of Goods
• IX          Customs Valuation (Determination of Value of Imported Goods) Rules, 2007
• X            Customs Valuation (Determination of Value of Export Goods) Rules, 2007
• XI          Deferred Payment of ImportDuty Rules, 2016
• XII         Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
• XIII       Re-export of Imported Goods(Drawback of Customs Duties) Rules, 1995
• XIV       Customs and Central Excise DutiesDrawback Rules, 2017
• XV         Refund of Anti-dumping duty (Paid in excess of Actual Margin of Dumping) Rules, 2012
• XVI       Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020
• XVII      Project Imports Regulations, 1986
• XVIII    Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Regulations, 2018
• XIX       Shipping bill (Electronic Integrated Declaration and Paperless Processing) Regulations, 2019
• XX         Shipping Bill (Post export conversion in relation to instrument based scheme) Regulations, 2022
• XXI       Customs (Finalisation of Provisional Assessment) Regulations, 2018
• XXII      Electronic Duty Credit LedgerRegulations, 2021
• XXIII    Customs (Electronic Cash Ledger) Regulations, 2022
• XXIV    Customs (Finalisation of Provisional Assessment) Regulations, 2025
• XXV      Recent Case Laws in brief