Understanding Customs Levy, Valuation & Assessment

Understanding Customs: Levy, Valuation & Assessment is a comprehensive guide that simplifies the complex framework governing customs law, procedures, valuation, classification, assessment, and trade compliance in India. With detailed coverage of the Customs Act, 1962, associated rules, valuation mechanisms, import?export regulations, digital filing systems, and recent reforms, the book serves as an up-to-date reference for practitioners and learners. The 2026 Edition features revised rules, electronic processing regulations, and a curated set of recent case laws to offer clarity on practical application.

Key Features

• Systematic explanation of customs levy, classification, and assessment mechanisms.
• Detailed chapters on Customs Valuation Rules for both imports and exports (2007).
• Coverage of customs clearance procedures, restrictions, prohibitions, detention, and release mechanisms.
• Explanation of re-importation, re-exportation, drawback rules, concessional duty rules, and refund provisions.
• In-depth discussion of Trade Agreement Rules, Project Import Regulations, and digital filing systems like the Bill of Entry and Shipping Bill (electronic & paperless processing).
• Updated regulatory coverage: Electronic Duty Credit Ledger, Electronic Cash Ledger, and Provisional Assessment Finalisation Rules (2018 & 2025).
• Practical insights supported by recent case laws relevant to customs practice and trade compliance.

This book is invaluable for customs brokers, advocates, corporate tax teams, import?export professionals, compliance officers, logistics managers, and government officials working in customs and indirect tax administration. Law students, CA aspirants, and professionals preparing for examinations such as GST Practitioner, Customs Broker Licensing Exam (CBLE), and trade compliance roles will also benefit greatly from the structured explanations and practical regulatory insights. Its blend of statutory coverage, updated rules, and case law summaries makes it an essential reference for anyone dealing with customs law in India.

Chapter I             Introduction                                                                     

Chapter II            Relevant provisions of the Customs Act, 1962               

Chapter III          Levy, Classification and Assessment of Goods              

Chapter IV          Customs Valuation                                                          

Chapter V            Customs Clearance Procedures                                        

Chapter VI          Import & Export Restrictions and Prohibitions               

Chapter VII         Detention & Release/Storage of Imported/ Export Goods         

Chapter VIII       Re-importation and Re-exportation of Goods                 

Chapter IX          Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 

Chapter X            Customs Valuation (Determination of Value of Export Goods) Rules, 2007     

Chapter XI          Deferred Payment of Import Duty Rules, 2016              

Chapter XII         Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017

Chapter XIII       Re-export of Imported Goods (Drawback of Customs Duties) Rules, 1995      

Chapter XIV       Customs and Central Excise Duties Drawback Rules, 2017       

Chapter XV         Refund of Anti-dumping duty (Paid in excess of Actual Margin of Dumping) Rules, 2012                                                                                         

Chapter XVI       Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020    

Chapter XVII      Project Imports Regulations, 1986                                  

Chapter XVIII    Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Regulations, 2018                                                                                 

Chapter XIX       Shipping bill (Electronic Integrated Declaration and Paperless Processing) Regulations, 2019                                                                                 

Chapter XX         Shipping Bill (Post export conversion in relation to instrument based scheme) Regulations, 2022                                                                                 

Chapter XXI       Customs (Finalisation of Provisional Assessment) Regulations, 2018    

Chapter XXII      Electronic Duty Credit Ledger Regulations, 2021          

Chapter XXIII    Customs (Electronic Cash Ledger) Regulations, 2022    

Chapter XXIV    Customs (Finalisation of Provisional Assessment) Regulations, 2025    

Chapter XXV      Recent Case Laws in brief