Description
Centax Law Publications Customs Tariff of India 2024-25 by R.K. Jain
This two-volume set offers the most authoritative and exhaustive analysis of the Customs Tariff Act 1975. Meticulously organized, it delivers clear and precise information on tariffs, duties, and related regulations—along with practical guidance for accurately calculating various import and export duties.
It is helpful for a diverse range of professionals, including customs officers, tax professionals, importers and exporters, legal practitioners, and trade compliance specialists.
The Present Publication is the 80th Edition | 2024-25 and is updated till 23rd July 2024. This book is edited/authored by R.K. Jain, with the following noteworthy features:
[Authoritative Analysis] Provides the most comprehensive and authoritative analysis of the Customs Tariff Act
[Exhaustive Coverage] Includes detailed examination of the Customs Tariff Act and all subsequent amendments, notifications, and associated regulations.
[Practical Guidance] Provides step-by-step instructions for accurately calculating various import and export duties, including illustrative examples
[User-Friendly Structure] Organized for easy navigation, with clear sections and detailed notes
[Annexures] Contains comprehensive annexures on cesses, additional duties, and other levies, including Compensation Cess, Social Welfare Surcharge, etc.
[Detailed Content] Covers a wide range of commodities and their respective tariffs, duties, and exemptions, with specific rules for interpretation and application
[Updated Information] Incorporates the latest amendments and notifications to ensure readers have the most current information
[Multi-Part Organization] Divided into two volumes with multiple parts, each addressing different aspects of customs tariffs and duties
[Quick Reference Tools] Includes a commodity index and a chronological list of basic notifications for easy reference
The structure of the book is as follows:
Volume 1
How to Use This Tariff?
A practical guide for navigating the tariff schedule
Instructions for calculating the effective rate of import duty, with illustrative examples
Part 1 – Customs Tariff Act, 1975
The complete text of the Customs Tariff Act, 1975
Key sections on the levy of duties, additional duties, protective duties, and emergency powers
Details on amendments to the First Schedule and other significant provisions
Part 2 – Import Tariff
First Schedule of the Customs Tariff Act, organized into 98 chapters and 21 sections
Includes:
Rules for Interpretation
Section and Chapter Notes
Tariff values, anti-dumping duties, countervailing duties
Safeguard duties and exemption notifications
Departmental clarifications
Volume 2
Part 3 – Export Tariff
Second Schedule listing commodities subject to export duty.
Includes exemption notifications and detailed tariff rates.
Part 4 – Integrated Goods & Services Tax (IGST)
Extracts from the IGST Act.
IGST rules, rates, and exemptions.
Relevant notifications for IGST procedures and exemptions.
Part 5 – Cesses, Additional Duties & Other Levies
Annexures covering:
Compensation Cess
Additional Duty of Customs
Special Duty
Social Welfare Surcharge
Road & Infrastructure Cess
Health Cess
Agriculture Infrastructure and Development Cess
Baggage Rules
Project Imports Regulations
Part 6 – Safeguard Duty
Rules and notifications on safeguard duties
Bilateral safeguard measures under various trade agreements
Part 7 – Anti-dumping Duty & Countervailing Duty
Rules for identifying, assessing, and collecting anti-dumping and countervailing duties
Relevant notifications and refund rules for excess anti-dumping duties
Part 8 – Miscellaneous
Commodity index for quick reference
Chronological list of basic notifications for easy navigation