Custom & Excise

Import of goods in India attracts of customs duty. The imposition of this duty is governed by the Customs Act, 1962 and the Customs Tariff Act, 1975. This duty is payable by the importer on the clearance of the goods upon their arrival into India. Duties of customs are levied on goods imported at the rate specified under the Customs Tariff Act 1975 as amended from time to time or any other law for the time being in force.

The scheme of Central Excise levy is suitably adapted and modified to serve different purposes of price control, sufficient supply of essential commodities, industrial growth, and promotion of small scale industries and like authority for collecting the Central Excise duty.

A duty of excise called, Central Value Added Tax (Cenvat) is leviable on the manufacture or production of excisable goods in India. It forms the single largest source of revenue for the Government of India. The taxable event for Cenvat is manufacture or production of goods though for administrative convenience, tax is actually collected at the stage of removal or clearance of goods from the factory.

These Services Include

  • Registration
  • Custom Bonding Custom & Excise Advice
  • Preparation and Filing of quarterly returns
  • Excise Assessment
  • Appeals

Value Added Solutions

Lochan & Co. possesses sustainable experience of advising on custom and excise. Lochan & Co. has very good skilled and team of professionals capable to tackle all the needs of its clients. Our strength is time tuned action so that all the provisions of law may be complied and the clients may be benefited.


  • Lochan & Co helps the clients: Look for ways to help safeguard your entity's assets.
  • Advise on compliance with the law.
  • Make well-informed decisions regarding your company's custom and excise duty.