Customs duty is levied on the import and export of goods in India. Historically, merchants entering a kingdom with goods were required to make a […]
Customs duty
A Complete Guide to Valuation under the Customs Act for Customs Duty
Customs duty is payable as a percentage of the value, often referred to as the assessable value or customs value. This value may either be […]
Understanding Customs Duty: Laws and Fundamentals
Customs duty historically emerged as a customary obligation where merchants entering a kingdom would present a gift to the sovereign. Over centuries, this informal practice […]