R.K. Jain’s Customs Tariff, IGST & Foreign Trade Policy Rate Reckoner | 2026-27

Description

R.K. Jain’s Customs Tariff IGST & Foreign Trade Policy Rate Reckoner is a comprehensive, execution-oriented tariff and duty-determination system designed to translate India’s highly layered Customs and trade law framework into a usable, assessment-ready reference for professionals engaged in import–export transactions. Positioned as a Budget 2026 Edition, the publication reflects the post-Finance Bill 2026 statutory and levy architecture in force. The publication is editorially structured as a rate reckoner, enabling the user to determine—with statutory certainty and operational clarity—the actual duty incidence on any import or export. It integrates classification, duty rates, exemption notifications, cesses, IGST, Foreign Trade Policy (FTP) conditions, and Free Trade Agreement (FTA) benefits into a single, chapter-wise decision framework. The work continues the long-standing R.K. Jain editorial tradition of producing Customs references that are accurate, exhaustive, litigation-aware, and practitioner-centric, serving as both a day-to-day working tool and a defensive reference in audit, investigation, and appellate proceedings.

The defining strength of this publication lies in its rate-first, practitioner-driven editorial architecture. Indian Customs law imposes duty through a multi-layered levy mechanism—Basic Customs Duty, preferential or effective duty, multiple cesses, IGST, and trade-remedy duties—each governed by separate statutory instruments, notifications, and conditions. In practice, errors arise not from a lack of law but from the fragmentation of sources. This Rate Reckoner eliminates that fragmentation by consolidating the entire levy chain at the point of classification. For every Customs chapter, the publication answers a single, practical question:

This publication is specifically designed for users who require precision, completeness, and speed in Customs duty computation and trade compliance, including:

• Customs & Indirect Tax Practitioners advising on tariff classification, valuation, exemptions, and duty optimisation
• Chartered Accountants, Cost Accountants, and Company Secretaries handling cross-border tax planning and compliance
• Customs Brokers, CHA Firms, and Logistics Professionals responsible for the correct filing of Bills of Entry and shipping documentation
• In-House Tax, Finance, and Supply-Chain Teams of manufacturing, trading, EPC, and multinational entities
• Importers and Exporters operating under preferential trade agreements, Advance Authorisation, EPCG, and other FTP-linked schemes
• Professionals involved in customs audits, investigations, adjudication, and appellate litigation, where rate defensibility is critical

The Present Publication is the 5^th Edition, updated till 1st February 2026. The noteworthy features of the book are as follows:

• [Classification-centric Rate Determination] Each Customs Tariff chapter is treated as a complete unit, linking HSN classification directly to duty rates and compliance conditions
• [Complete Import Duty Visibility] Enables computation of the true landed cost by integrating:
  • Basic Customs Duty
  • Preferential Duty (where applicable)
  • Effective Duty after exemptions
  • Agriculture Infrastructure and Development Cess (AIDC)
  • Social Welfare Surcharge (SWS)
  • National Calamity Contingent Duty (NCCD)
  • Health Cess and Health Security se National Security Cess
  • Integrated GST (IGST) on imports
• [Foreign Trade Policy (FTP) Embedded at Chapter Level] Import/export policy status, restrictions, and conditions are presented alongside tariff rates, enabling simultaneous tax and policy compliance assessment
• [FTA-linked Preferential Duty Coverage] Chapter-wise identification of FTA benefits with clear linkage to Rules of Origin and country-of-origin considerations
• [Trade-Remedy Duty Integration] Anti-dumping, countervailing, and safeguard duties are incorporated into the overall rate ecosystem, ensuring no levy is overlooked
• [Judicial & Departmental Contextualisation] Relevant judicial pronouncements, advance rulings, and CBIC circulars are placed alongside tariff provisions to guide interpretation and defend positions
• [Export Tariff Coverage] The publication addresses not only import duties but also Export Tariff and export-side implications, making it a two-way trade reference
• [High-utility Commodity Index] Enables rapid identification and navigation across chapters and volumes

The coverage of the book is as follows:

• Customs Tariff, IGST & FTP-Linked Rate Reckoner – Volume 1 is the operational heart of the publication. Structured strictly around Customs Tariff chapters, it provides a chapter-wise, assessment-ready matrix comprising:
  • Section Notes and Chapter Notes for correct classification
  • References to general and chapter-specific exemption notifications
  • Basic Rate of Customs Duty under the First Schedule
  • Preferential Rates of Duty under FTAs and preferential arrangements
  • Effective Rates of Customs Duty, reflecting applicable exemptions
  • IGST rates applicable to imports are aligned with the GST rate schedules
  • Detailed cess computation, including AIDC, SWS, NCCD, Health Cess, and Health Security se National Security Cess
  • Consolidated Total Import Duty, enabling immediate landed-cost estimation
  • Foreign Trade Policy import/export status, restrictions, and conditionalities
  • Chapter-specific references to anti-dumping and safeguard duties
  • Product-level notes, such as E-Way Bill relevance and allied GST considerations
  • Export Tariff references, ensuring completeness of trade coverage
  • This volume is designed for practical use at the assessment, advisory, and compliance stages
• IGST, Exemptions, Trade Remedies & Statutory Annexures – Volume 2 functions as the statutory backbone supporting the rate determinations in Volume 1. It consolidates:
  • The complete IGST framework, including law, procedures, and exemption notifications
  • General and specific Customs exemption notifications are systematically arranged
  • Anti-dumping, countervailing, and safeguard duty rules, notifications, and allied provisions
  • Annexures covering additional duties and cesses, including AIDC, SWS, NCCD, and Health-related levies
  • New Baggage Rules and Customs Baggage Regulations, addressing passenger imports
  • Detailed Rules of Determination of Origin under multiple FTAs and preferential trade agreements
  • The Health Security se National Security Cess Act, Rules, FAQs, and notifications
  • A comprehensive Commodity Index enabling instant cross-referencing
  • This volume ensures that every rate applied is legally traceable, procedurally compliant, and defensible
• The structure of the book is as follows:
• Two Volumes Divided into Multiple Functional Parts, mirroring Customs practice
• Rate-first Design, prioritising duty computation before deep statutory reading
• Layered Integrationof tariff rates, exemptions, cesses, IGST, FTP conditions, FTAs, and trade-remedy measures
• A consistent practical workflow:
  • Classification → Exemptions → Duty Rates → Cesses → IGST → Total Duty → Policy & Trade Measures
• This structure closely reflects how Customs law is applied in practice, not merely how it is legislated