Customs (tax) on imported toys (value)

Started by sahilkit, July 10, 2009, 04:25:44 PM

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sahilkit

Today might be a great and wonderful day. It depends on you.

rcdhamaka

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).

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anwar

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

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.
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Sumeet

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KALYANPRODHAN

We have to unite and to prove ourself to make indigenous products as well as marketing / Canvasing them. I'm sure we must achieve success if we try unitedly.

Sumeet

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