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Title: Customs (tax) on imported toys (value)
Post by: sahilkit on July 10, 2009, 04:25:44 PM

http://www.cbec.gov.in/customs/cst-0809/chap-95.pdf

sahil

Title: Re: Customs (tax) on imported toys (value)
Post by: rcdhamaka on July 10, 2009, 09:49:49 PM

Kindly note that what you put the link is for basic duty. Then there is CVD (Counter vailing Duty) to be added and then cess of 3% (2+1).

Title: Re: Customs (tax) on imported toys (value)
Post by: anwar on July 10, 2009, 09:50:51 PM

Thanks for the clarification. What is the rate/range of CVD ?

Title: Re: Customs (tax) on imported toys (value)
Post by: flyingboxcar on July 10, 2009, 10:44:21 PM

Section/Chapter 95 is the general chapter and if you import commercialy you need to have an IE code and can get taxed up to 36% of value of goods including shipping and insurance.
As a hobbyist you are better using and quoting chapter 98 http://www.cbec.gov.in/customs/cst-0809/chap-98.pdf, wherin you can get levied up to max of 17.4% of taxes.
Although the basic rate of duty is same the CVD and cesses apply differently in case of import through post for personal use.

Title: Re: Customs (tax) on imported toys (value)
Post by: Sumeet on October 20, 2010, 05:57:51 PM

Thanks....... :thumbsup:

Title: Re: Customs (tax) on imported toys (value)
Post by: KALYANPRODHAN on October 24, 2010, 01:52:26 AM

Thanks for the grate post. :)

Title: Re: Customs (tax) on imported toys (value)
Post by: Sumeet on October 24, 2010, 11:18:46 AM

Quote from: KALYANPRODHAN on October 24, 2010, 01:52:26 AM
Thanks for the grate post. :)

It's "Great" actually.... :giggle:

Plz Don't Mind it... ;)

RC India

General Topics => RC Outlets and Resellers => Topic started by: sahilkit on July 10, 2009, 04:25:44 PM