The custom duty payment is important as it regulates the inflow and outflow of goods, protects domestic industries and generates revenue for the government. The custom duty rate for different goods varies and is determined based on the Harmonized System of Nomenclature (HSN) code of the product. The HSN code is an internationally recognized system for the classification of goods and is used for customs tariffs, taxes, and trade statistics. Table Of Contents Table of Content 1. What is custom duty 2. Types of custom duty 3. Custom duty payment online through IceGate What is custom duty Custom duty is a tax imposed on goods that are imported or exported from a country, and in India it is managed and collected by the Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance. This duty is imposed to regulate the inflow and outflow of goods and to protect the domestic industries from cheap imp