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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 Thanks for the grate post. :) It's "Great" actually.... :giggle: Plz Don't Mind it... ;) |