The Customs Tariff Act, 1975

THE CUSTOMS TARIFF ACT, 1975

This Act consolidates and amends the law relating to Customs Duties. The main objectives of this Act are to provide a more equitable and efficient system for collecting duties on imported goods.

ARRANGEMENT OF SECTIONS

The Act consists of 13 sections:

1. Short title, extent and commencement: This section defines the short title of the Act, its extent, and the date of commencement.


2. Duties specified in the Schedules to be levied: This section specifies the duties that shall be levied on goods imported into India.


3. Levy of additional duty equal to excise duty, sales tax, local taxes and other charges: This section provides for the levy of additional duty on imported goods at a rate equal to the excise duty on like articles produced or manufactured in India.


4. Levy of duty where standard rate and preferential rate are specified: This section deals with the levy of duty on goods that fall under preferential rates.


5. Levy of a lower rate of duty under a trade agreement: This section provides for the levying of lower duties on goods imported from countries with which India has a trade agreement.


6. Power of Central Government to levy protective duties in certain cases: This section empowers the Central Government to impose protective duties on goods imported into India in certain circumstances.


7. Duration of protective duties and power of Central Government to alter them: This section specifies the duration of protective duties and the powers of the Central Government to alter them.


8. Emergency power of Central Government to increase or levy export duties: This section provides for the emergency power of the Central Government to increase or levy export duties on goods exported from India.


9. Countervailing duty on subsidized articles: This section deals with the countervailing duty on subsidized articles.


10. Anti-dumping duty on dumped articles: This section provides for the anti-dumping duty on dumped articles.


11. Refund of anti-dumping duty in certain cases: This section specifies the circumstances under which anti-dumping duty can be refunded.


12. Power of Central Government to alter duties under certain circumstances: This section empowers the Central Government to alter duties under certain circumstances.

FIRST SCHEDULE -Import Tariff

The First Schedule lists the rates at which duties shall be levied on goods imported into India.

SECOND SCHEDULE -Export Tariff

The Second Schedule specifies the rates at which export duties shall be levied on goods exported from India.