The Customs Act, 1962 and the Customs Tariff Act, 1975 regulates the levy and the rate of customs duty in India. Basic customs duty, additional customs duty and education cess are levied on imported goods in India. The rates of basic customs duty are specified under the Customs Tariff Act. The Central Board of Excise and Customs under Ministry of Finance administers the Customs duties in India. The Customs Act, 1962 aims to prevent illegal imports and exports of goods. Under the provisions of the law, all imports are sought to be subject to a duty to ensure protection to indigenous industries as well as to keep the imports to the minimum in the interests of securing the exchange rate of Indian currency. To ensure proper exercise of surveillance over imports and exports the Central Government empowered to notify the ports and airports for the unloading of the imported goods and loading of the exported goods, the places for clearance of goods imported or to be exported, the routes by which above goods may pass by land or inland water into or out of Indian and the ports which alone shall be coastal ports. The various types of duties which are levied under the custom laws are Basic Duty, Additional Duty (Countervailing Duty), Anti-dumping Duty, Protective Duty, Protective Duty, Duty on Bounty Fed Articles and Export Duty.
