It is observed that same LCD TV will attract different duty based on whether you are importing as personal goods, post parcel,baggage, courier, and for commercial use. Pl see below for discussion and suggestion.
Customs classification
The LCDTV are classified under CTH 85287310 ( Size < size =" "> 25 cm ).
The LCDTV of any size are classified under CTH 98049000 ( If imported through post for personal use, CIF value is less than Rs 2000/-).
Total duty
i) Rate of duty @ 24.42136%. (If imported through sea cargo, Air cargo, Courier ,
commercial use) .
Note -Also excise duty is charged based on MRP price of goods in Indian market.An abatement of 20% on MRP price is taken for calculating Excise duty. The excise rate of duty is 8 % on LCD TV.
The excise duty is calculated based on two criteria:Value arrived after adding customs duty amount in the assessable value, OR, Value arrived after deducting 20 % price from declared M.R.P. Maximum of two value will be taken for calculating excise duty amount.
The above mentioned rate @ 24.42136% is based on assumption that value arrived after adding Customs duty amount is more than MRP price based. Reverse of this may hold true,if MRP based price is more than Import assessable value.
ii)Rate of duty @ 35 %. (If imported as Unaccompanied baggage ,or, if single unit of personal baggage whose value is excess than free allowance of Rs 25,000/-).
iii)Rate of duty @ 15 % (If imported by any person who returns to India after staying at least 365 days during two years immediately precedings the date of arrival in India,OR, any person on a bonafide transfer of residence to India as bonafide transfer of baggage).
iv) a)-Rate of duty @ 14.712% ( If imported through post for personal use, CIF value is less than Rs 2000/-).
b)-Rate of Duty @ 24. 42136% ( If imported through post for personal use, CIF value is more than Rs 2000/-).
Warm regards
Ravindra Kumar
