Indian Customs Act

The Customs Act, 1962, governs the levy and collection of customs duties in India, applicable to all imports and exports (Source: IndiaCode).

The Customs Act, 1962, regulates India’s $900B trade market, and compliance is vital for exporters.

• Rule 1: File accurate Shipping Bills to avoid fines up to ₹10 lakh.

• Rule 2: Claim duty drawbacks under Section 74 for re-exported goods, saving 5–10% on costs.

• Rule 3: Use EDI systems like ICEGATE for faster clearance, mandated under Section 46.

• Rule 4: Avoid prohibited goods (e.g., narcotics) to prevent seizures.

• Rule 5: Leverage SEZ exemptions under Section 26 for zero-duty exports. Non-compliance risks delays or penalties.