Indian Import customs duty calculator and tariff charges after GST
Indian Import customs duty calculator and tariff charges after GST – These are the new import percentage duty rates that are in effect after 1 July 2017 GST came into effect.These rates are for popular items like smartphone mobiles,computer, clothes, jewelry ,watches and other items.This calculation is Basic Duty plus Cess charges plus GST and gives the final total.These rates are not for clearing charges and those will be separate.
Also read – How to clear customs – documents and procedure
Also Read- How to buy from Aliexpress.com without customs duty
Indian Import customs duty calculator and tariff charges after GST
Name | Duty | Cess | GST | Total% |
Push button mobile | 0 | 0 | 18 | 18 |
Smartphone Mobile | 10 | 3 | 12 | 25 |
Computer Processor | 0 | 0 | 18 | 18 |
Laptop | 0 | 0 | 18 | 18 |
PC – Personal Computer | 0 | 0 | 18 | 18 |
Hard Disk | 0 | 0 | 18 | 18 |
SSD Drives | 10 | 3 | 18 | 31 |
Furniture – metal | 10 | 3 | 18 | 31 |
Music electronic keyboard | 10 | 3 | 18 | 31 |
Name | Duty | Cess | GST | Total % |
Music string instrument | 10 | 3 | 18 | 31 |
Clothes | 10 | 3 | 5.5 | 18.5 |
Imitation jewelry | 10 | 3 | 3 | 16 |
Bangles,glass beaded etc | 10 | 3 | 0 | 13 |
Jewelry – filigree | 15 | 3 | 0 | 18 |
Cameras | 10 | 3 | 18 | 31 |
Watches | 10 | 3 | 18 | 31 |
DUTY CHARGES and TERMS EXPLAINED – Breakup of charges
In case of air import,this is one of the most important charges you need to take care of,that is the customs duty rates India as it will add up to your main product cost. Your duty bill will have the following components on it:
ASSESSIBLE VALUE-This is the value the custom officer will assign to your goods.suppose if you imported from a factory in china and they gave an invoice that says $100,but the custom officer feels the goods are worth $500,he will assign an accessible value for $500 to it, now ALL YOUR DUTY CHARGES WILL BE CALCULATED ON AV i.e $500 and not $100.Most seasoned importers “undervalue” their goods,to avoid paying high duty charges,but this is illegal and very risky.
1.BASIC DUTY-this is the duty that is taken from the customs duty handbook that cna be found on the central excise and customs website.Each type of product (electronics, clothing,food products,musical instruments etc. etc.) are all listed in the handbook with a unique “HS CODE”.Refer to the handbook to check what basic duty your item attracts.For most items it is about 10% ,some 7.5%,and the good news is that most computer and electronic goods are DUTY FREE!!! which means basic duty is not charged,but other charges like CVD and cess etc will be levied.read on.
2.COUNTERVAILING DUTY(CVD)-this is an excise duty that is levied on the product if that product is also manufactured locally in our own country.For example if you import tyres from malaysia,it is already manufactured here,so to protect the local manufacturers interests,the CVD is applied.It is approximately 10%
3.CESS-roughly about 3%
4.EDU CESS-education cess,again about 3%
5. SAD-Special additional duty,about 4%
6.OCTROI-depending on what address you have entered in your IEC code,if that address is inside city limits you will have to shell out about 6.5 % india octroi rate of 6.5%.
7.AGENCY CHARGES-Depending no your clearing agent,he will charge you a small amount,maybe rs.500-5000 as stated above or if the consignment is bigger then charges will increase.Lets keep it at 10% .
CUSTOMS DUTY calculation
Say if you import an item worth Rs.2000 .Now your assessable value is 2000
BCD (7.5%) | CVD(10%) | CESS(3%) | EDU CESS(3%) | SAD(4%) | TOTAL | |
150 | 215 | 6 | 11 | 95 | 477 |
octroi=6.5% of 2000=137
agency charges=10%=200
So ,total cost is 477+137+200=Rs.814
Therefore to import items worth rs.2000,your duty and customs charges will be rs.814
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Sir can u me customs duty rates to cloth wooden hanger, manneguin
sir can you give me customs duty rates for ores?
sir please can you provide me with duty rates for leahter goods thank you
I do enjoy the way you have presented this table,i was searching for breakup of duty rates but didnt find a good explanation,i am new to customs procedure,i wsih you can provide complete way to get customs clearance also it will be great help thank you