Statutory provisions for levy of Customs duty - CBEC's Customs Manual 2023 - Customs

..... 2. Statutory provisions for levy of Customs duty: 2.1 Entry No. 83 of List 1 to Schedule VII of the Constitution empowers the Union Government to legislate and collect duties on imports and exports. Accordingly, the Customs Act, 1962, effective from 1-2-1963 provides vide its Section 12 for the levy of duties on goods imported into or exported from India. The items and the rates of duties leviable thereon are specified in two Schedules to the Customs Tariff Act, 1975. The First Schedule specifie .....

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Statutory provisions for levy of Customs duty - CBEC s Customs Manual 2023 - Customs

x x x x x   Extracts   x x x x x