Custom duty on used items in india

What is custom duty in India? The tariff had been charged at the ten percent basic customs duty in addition to the integrated Goods and Services Tax as per the rates implied by the Government of India. The amount to paid as custom duty can be determined by several factors such as value, weight, dimensions, etc.

There are two types of custom duty in India, namely Import Duty and Export Tax. The tax rate is more or less similar to the Central Excise Duty charged on goods produced within India. While Apple has a decent chunk of.

For infants, only used personal effects shall be allowed duty free. If you are carrying items like camcorder , big music system , jewelry or any other expensive item that attracts custom duty, you can declare them at the custom counter in India. You can get these items endorsed in your passport. When you return back to India from U. On the other han export duties are levied on a few items as mentioned in the Second Schedule. Indian passengers returning from an overseas stay of at least months are allowed to bring back used household effects upto a maximum worth of Rs.

In addition, they can bring back other professional equipment within a limit of Rs. If more than one unit is brought or if the total value exceeds Rs.

Unaccompanied goods must be shipped or dispatched and arrive in India within the prescribed time limits. The rate of duty applicable to some items imported by passengers transferring their residence from the U. Remember that you have to show evidence of stay in the U. Assessed value is determined by model, year of make, and condition of the TV. Besides Foreign nationals who are resident in India can import foodstuff worth Rs. The value will be assessed on arrival, based on parameters such as make, model, condition of the TV- whether new or old etc. It can vary between to 1. BCD depends upon the HSN code of the product and the Country of Import.

It is the same as the Central Excise Duty which is levied on similar goods that are produced in India. Education Cess: The cess used to be levied at and an additional of the aggregate of customs duties. More than one unit of an appliance in the concessional category invites a normal duty of 61.

Tax will be due on the cost of the goods without shipping, which in this case is $2000. Since, only a part of the equipment imported is being exported for replacement, Identity establishment is not possible. So, no duty refund can be. I wont recommend GEB as they overcharges (shipping, duties, etc) and they are very very slow and even you wont be able to know about your order status as there is no one to reply to your queries.

Normally customs duty on a laptop is only in India but as I explained in the above examples they can charge you whatever they want. In my case, I paid IGST and other duties. Custom anual iii Chapter No.

The brainless people at customs charged me Rs 20for all these items as they said these items are considered as imported from outside India. I told them these items do not even wirth more than Rs 1000. Government hikes customs duty on items , list includes smart watches, telecom equipment Products that have seen an increase from the current duty to include smart watches and telecom. In addition to the above allowances, items taken out of India by declaring them to customs after procuring an “Export Certificate” are also allowed to be brought in duty -free. The duty is assessed on the value of the goods rather than the amount written on any invoice produced.

And after a few days, her reply shocked me. As per the Indian customs rules:. For Example:- If the Duty structure for your goods is BCD or Rs. KGS whichever is higher, SWS is , and IGST is. If you select a currency other than the company currency, when you confirm the import order, the applicable customs exchange rate is used to convert the charges to the company currency.

The exchange rate that you define for import transactions is used to calculate the assessable value and customs duty charges for import orders. Earlier this was mandatory for all passengers coming to India. The new rules will also apply to the members of the crew of a vessel or an aircraft.

F value of import of consumer electronic items for personal use is enhanced to 50INR.