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Some Important Definitions Under Customs Act, 1962


Some Important Definitions Under Customs Act, 1962. Historical Background of Customs Act, 1962 – The term ‘customs’ derives its color and essence from the term ‘custom’ which means habitual practice or course of action.Kautilya’s Arthashastra also refers to shulka (Customs Duty) consisting of import duty and export duty to be collected at the city gates on both goods coming in and going out. The Customs Act was passed and promulgated in India by Parliament in the Year 1962 which replaced the erstwhile Sea Customs Act, 1878.. Now you can scroll down below and check complete details regarding “Some Important Definitions Under Customs Act, 1962”

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Some Important Definitions Under Customs Act, 1962

Section No Name Brief
2(2) Assessment 1. Provisional Assessment
2. Self Assessment
3. Reassessment
4. Any Assessment
2(7) Coastal Goods 1.Other than Imported goods
2.From 1 Port to Another
2(9) Conveyance 1.Vessel (by sea)
2.Aircraft (by Air)
3.Vehicle (by Land)
2(14) Dutiable Goods 1.Chargeable to Duty
2.Duty has not been Paid
Only if-
1.In Ambit of words goods
2.Mentioned in Tariff
2(18) Export Taking Out of India to a Place outside India
2(19) Export Goods Taken Out Of India to a Place outside India
2(20) Exporter Any Owner or any person holding himself out to be the exporter
2(21) Foreign going Vessel 1.Naval Vessel of Foreign Govt
2.Vessel Engaged in Fish.
3.Vessel Proceeding Outside India
2(22) Goods Vessels,Aircrafts,Vehicles,Stores,Baggages,Currency,Any Other Movable Instru.
2(23) Import Bringing Into India From a Place Outside India
2(25) Imported Goods Brought into India From Place Outside IndiaExcludes –Cleared for Home Consum.
2(26) Importer Any Owner or any person holding himself out to be the importer
2(27) India Territorial Waters of India, which extends upto 12 nautical miles
Airspace Above that water & Ground at the bottom
2(28) Indian Custom Waters* 12 nm from Territorial Waters (i.e. 12nm , Total = 24 nm)
2(31) Person in Charge 1.Vessel-Master
4.Any other- Driver
2(33) Prohibited Goods Which are subject to Prohibiton under this or any other Act
2(38) Stores Includes Fuel and Spare Parts & Other Articles of equipments
2(40) Tariff Value
2(41) Value
2(42) Vehicle
2(43) Warehouse
2(44) Warehoused Goods
Baseline Lower Water mark Along the coast
Contiguos Zone Beyond 12 nm from Terr. Water (i.e. 24 nm)
Exclusive Economic Zone Beyond 200 nm from the Baseline

*Significance of Indian Customs Waters

  1. Offence Commited within Indian Customs Water – Punishable u/s 132/133
  2. Believe That Goods May be used for Smuggling – May Stop Vehicle
  3. If Purpose is Concealing Goods – Liable for Confiscation
  4. Power to Search any Person
  5. Imported Goods which are contrary to any prohibition Imposed – Liable for Confiscation

For More about the Act, Please Read my Next Series. If any suggestions please write back to me.

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About Yash Shah

Yash Shah is passionate article writer and has written more than 100 articles in the field of Finance, Insurance, Stock Market, Company Law, Auditing, Taxation and many others. In case of any queries or suggestions, you can reach the author @ [email protected], you can also catch him on facebook @ yashshah299

One comment

  1. Awesome write up with Very Summary Notes…

    Good Job man.. Keep writing this…

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