https://www.taxtmi.com/article/detailed?id=16165 Accurate classification of goods under Indian customs law determines duty rates, exemption eligibility, and compliance with import and export controls. Misclassification under incorrect HS codes may arise from technical complexity, documentation errors, interpretational ambiguity, or deliberate misdeclaration, and the responsibility for correct classification lies primarily with importers and exporters under the self-assessment regime. Misclassification can trigger recovery of duty, confiscation of goods, and monetary penalties under the Customs Act framework. en-us Wed, 08 Apr 2026 08:59:22 +0530 Wed, 08 Apr 2026 08:59:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16165 Accurate classification of goods under Indian customs law determines duty rates, exemption eligibility, and compliance with import and export controls. Misclassification under incorrect HS codes may arise from technical complexity, documentation errors, interpretational ambiguity, or deliberate misdeclaration, and the responsibility for correct classification lies primarily with importers and exporters under the self-assessment regime. Misclassification can trigger recovery of duty, confiscation of goods, and monetary penalties under the Customs Act framework. Articles Customs - Import - Export - SEZ Wed, 08 Apr 2026 08:59:22 +0530 https://www.taxtmi.com/article/detailed?id=16165