India Customs Act 1962

HEADLINE: Lack of standardized customs procedures led to inconsistent duty assessments.

Key Obligations

["Bill of Entry mandatory for all imports", "Payment of Basic Customs Duty (BCD) and IGST", "Compliance with India tariff schedule (ITC-HS)"]

Penalty Ranges

Fines up to 5 times duty value; imprisonment up to 7 years

Affected HS Codes: ["All HS codes"]

Issuing Authority: Central Board of Indirect Taxes and Customs (CBIC)

Trade Compliance Records Home Regulations Database Compliance Answers Regulatory Wiki Blog Trade Intelligence Press Releases Inspection Bodies HS Codes About the Author