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of <h1>Government Enforces Additional Customs Duty Under Customs Tariff Act, 1975 to Align Imported Goods Tax with Domestic Rates.</h1> The Central Government, exercising powers under the Customs Tariff Act, 1975, mandates an additional customs duty to countervail state taxes such as VAT on imported goods. This duty, not exceeding four percent of the import value, applies to all goods specified in the First Schedule of the Act. This directive supersedes the previous notification from March 2005, ensuring that imported goods are subject to similar tax burdens as those levied on domestic goods. This measure aims to align the tax treatment of imported goods with that of locally sold or transported goods in India.
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