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We have specialization to provide advisory services on complex statutory Compliance and policy-related matters under areas of Logistics (Import & Export), Taxation (GST & Customs), Foreign Trade & Investment (DGFT), Food Safety (FSSAI), Weights & Measures (Legal Metrology), Wireless & Telecommunication Products (WPC) and Chartered Engineering services. Optimize your Supply chain as 4PL Company through our 3PL partners. Refund of duty/ credit/interest at Customs, GST and DGFT Appellate Service related to Customs, GST and Legal Metrology. Licenses and IEC from DGFT.

Tuesday, October 07, 2008

duty on LCD TV

The LCD TV are classified under CTH 8528 and attracts merit rate of duty @ 31.703%. If imported through Baggage and value of imported LCD TV is more than permissible allowance,then duty will be 35% of the Value.
The goods imported through postal for personal use will attract duty @ 17.34%.But LCD tv being consumer electronics goods and valuing more than Rs 2000/- will also attract fine and penalty.
Also excise duty is charged based on MRP price of goods in Indian market.An abatement of 33% on MRP price is taken for calculating Excise duty. The excise rate of duty is 14% on LCD tv.

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