Body of Customs Law :
| The Customs Act ,1962 | It provides for levy of import and export duties of customs on goods imported into or exported from India .It contains provisions of levy and collection of duty ,importation or exportation ,transit and transhipment ,Warehousing ,duty drawback ,appeals etc. |
| The Customs Tariff Act,1975 | It has been enacted for classification of goods. The various types of custom duties to be levied on importation and exportation of the articles are provided under this Act. It contains two schedules:
1. The First Schedule is known as “Import Tariff” 2. The Second Schedule is known as “Export Tariff”
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| Rules (i.e. Helping Hand to Act for smooth application of provisions of Act as issued by GOI & Approved by the Parliament | Section 156 of the customs Act ,1962 empowers the CG to make rules in matters like manner of determining the value of imported/exported goods, duty drawback ,baggage etc. |
| Regulations (i.e. Helping Hand to Act for smooth application of provisions of Act as issued by CBEC under power derived from provisions contained in the Act itself and therefore , regulations do not need approval of Parliament) | The CBEC is empowered under section 157 of the Customs Act, 1962 to make regulations to carry out the purposes of the Act. The regulation is to be consistent both with the Act and Rules framed by GOI. |
| Notifications | The CG has been empowered to issue notifications under various sections of the Customs Act, 1962 for effective implementation of the provisions of the Customs ACT, 1962. |