Customs Duties or Import dutyA tax charged on certain goods which are brought into a coun... and taxes will be pending and need to be cleared while importing goods into India whether by a private individual or a commercial entity.
India shifted to GST in 2017.There are five slab rates 0%,5%, 12%, 18% and 28% which varies depending on the productThe result of a manufacturing or natural process (such as fo....
The valuation method is CIF.
Below table provide the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for India:
| Duty Rates | Average Duty Rate | GST | Threshold on goods |
|---|---|---|---|
| 0% to 150% (Some electronic goods are duty free) | 11.9% | 0%,5%, 12%, 18% and 28% | All goods are subjected to duty |
- Landing Charge: was charged at 1% of CIF before but it will be decided from the port authorities(might be less or greater than 1% includes handling and unhandling of goods etc) since 2017
- Countervailing DutyAn additional tax imposed on certain imported goods which ha...: (0% or 12% (CIFD + Landing charges))
- CEX: 3% Countervailing dutyAn additional tax imposed on certain imported goods which ha...
- CESS: (Duty + CEX + Countervailing DutyAn additional tax imposed on certain imported goods which ha...)
- Additional CVD: 4%(CIFD +Landing charges + Countervailing dutyAn additional tax imposed on certain imported goods which ha... + CESS + CEX))
For more information about the taxes: please refer this.
For more information about calculation of taxes with example please refer Import duty calculation website.