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of <h1>Union Government Authorized to Legislate and Collect Customs Duties on Imports and Exports Under Customs Act, 1962</h1> Entry No. 83 of List 1 to Schedule VII of the Constitution authorizes the Union Government to legislate and collect customs duties on imports and exports. The Customs Act, 1962, effective from February 1, 1963, mandates the levy of duties on goods imported into or exported from India, with rates specified in the Customs Tariff Act, 1975. The First import items and duties based on the Harmonized System of Commodity Classification, while the Second Schedule covers export duties. Duties are primarily ad-valorem, determined by the value of goods per Section 14 of the Customs Act, adhering to WTO Valuation Agreement standards.
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