Customs Act, 1962 As amended by The Finance Act, 2025

This 2025 edition of The Customs Act, 1962 (Act 52 of 1962) presents India’s master statute for levy, collection and administration of customs duty on imports and exports. It is fully consolidated with the Finance Act, 2023 amendments (Act No. 8 of 2023, w.e.f. 25-3-2023) and carries every allied rule, regulation and standing order now in force.

Statutory instruments included in full
• Customs Valuation (Determination of Value of Imported Goods) Rules, 2007
• Import Manifest (Vessel & Aircraft) Regulations, 1971 · Export Manifest Regulations, 1976
• Baggage Rules, 2016 · Postal Imports/Exports (Electronic Declaration & Processing) Regulations, 2021
• Customs Warehousing Regulations, 2016 · Special Warehouse Licensing Regulations, 2016
• Deferred Payment of Duty Regulations, 2017 · Duty Drawback Rules, 2017
• Import of Goods at Concessional Rate of Duty Rules, 2022
• Electronic Duty Credit Ledger Regulations (“RoDTEP scrip”) 2021
• E-SANCHIT paperless-documentation notifications & ICEGATE filing guidelines (select extracts)

Concise short comments follow pivotal sections—flagging 2023 changes on Social-Welfare Surcharge, faceless assessment timelines, and strengthened penalty slabs—while preserving complete Bare-Act integrity for open-book exams and courtroom citation.

Core statutory coverage

• Levy, collection & exemptions—basic duty, IGST on imports, agriculture-cess, and preferential-rate notifications
• Classification & valuation—Harmonised System headings, interpretative rules and deductive/transaction-value methods
• Prohibitions & restrictions—imports/exports of hazardous waste, dual-use goods, counterfeit currency, antiques, wildlife etc.
• Customs procedures—arrival reporting, import/export declarations, risk-management and faceless assessment under Turant Customs
• Warehousing & free-trade zones—licensing, bond execution, removal, and periodical audit of bonded inventory
• Drawback, remission & export incentives—RoDTEP, ROSCTL and re-export provisions
• Search, seizure & confiscation—powers of customs officers, provisional release, arrest criteria and bail
• Adjudication, appeals & settlement—Commissioner (Appeals), CESTAT, advance-ruling authority and settlement commission
• Offences & penalties—smuggling, mis-declaration, undervaluation and compounding scheme

This edition is particularly useful for

• AIBE candidates & law students tackling international-trade and indirect-tax papers
• Customs brokers, importers/exporters, logistics providers & FTWZ operators ensuring day-to-day compliance
• Indirect-tax counsel, accountants & in-house trade-compliance teams managing classification, valuation and exemption planning
• Customs officers, DRI investigators & revenue auditors referencing an authoritative, up-to-date statute book
• Trade-policy researchers, economists & journalists analysing tariff measures and facilitation reforms

Presented verbatim yet enriched with pinpoint explanatory notes, this Bare Act delivers clarity, authenticity and immediate practical insight—indispensable for statutory compliance, professional practice and academic mastery.