The Indian Customs Act, 1962 is a principal piece of legislation that regulates the import and export of goods in India. It provides the legal framework for the collection of customs duties and taxes, and sets out the rules and procedures for the import and export of goods in India.

Under the Customs Act, customs duties are levied on imported and exported goods, and these duties are based on the value of the goods and the nature of the goods being imported or exported. The Customs Act also provides for the collection of other types of duties and taxes, including anti-dumping duties, countervailing duties, and safeguard duties, which are designed to protect domestic industries from foreign competition.

In addition to regulating the collection of duties and taxes, the Customs Act also contains provisions related to the control and regulation of the import and export of goods in India. For example, the Act contains provisions related to the issue of licenses and permits for the import and export of certain types of goods, as well as provisions related to the seizure and confiscation of goods that are being imported or exported in violation of the Act or any other laws of India.

Overall, the Indian Customs Act is an important piece of legislation that plays a vital role in regulating the import and export of goods in India and in protecting the country's domestic industries.

Course Content

Module 1-Overview of Custom law

a. Meaning 

b. History 

c. Background

d. GATT, WTO and India

Module 2-Glipmse of Taxability under Custom Act

a. Taxable event

b. Scope of custom law

c. Import by Government

d. Common aspect of GST and Custom

Module 3-Categories of goods

a. Various general principle involved

b. Interpretation rules

c. Valuation of goods

Module 4-Functions of Custom Act

a. Overview of Important definitions under custom law 

b. Functions of Custom Department

c. Types of Custom duty 

d. Social Welfare Charge

Module 5-Overview of transactional value

a. Concept of Transactional value

b. Valuation of Goods for levy of custom duty 

c. Nature of Custom Duty in India

d. Glimpse of taxable event in case of Warehouse goods

Module 6-Custom duty & exemption

a. Glimpse of exemptions from custom duty 

b. Drawbacks of custom duty

c. Rules under custom Act 

D. Taxable event under GST & Supply

Module 7-Constitutional Provisions 

a. Constitutional provision

b. Custom duty in India

c. Structure of Custom duty in India

d. Calculation of Custom duty