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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.

Friday, August 31, 2007

Importing varoius VCD,DVD,CD, SMART CARDS and softwares

There are various rate of duty charged on recording media.The nature of software also decide the applicable rate of duty.For example Information technology software are charged to 21.139% where as software comes along with the CNC machines is charged the same rate of duty as the machine itself.
Further in software category two more category like Customised software(which is designed for a specific client) and ``packed software or canned software``(a software which meets needs of variety user and which is intended for sale or capable of being sold,off the shelf.Both are charged different duty.

2D/3D computer graphics, video tapes of educational nature,children`video films,Gramophone records, Audio and video cassettes(blank),DVD , all are charged to 34.13071%.
But if these goods are gift then upto Rs 10,000/- no duty.Further if for personal use than these goods will be charged @ 17.34%.Other wise being of commercial nature they will be charged more duty as discussed above.


The good news that smart cards like SIM cards,Memory Cards,Proximity cards and tags are all charged NO DUTY.

3 comments:

Arun said...

Ravindra, I suggest you start writing on Wikipedia too. An Indian postal-customs rules and regulations page on Wiki would benefit more no. of people. Wikipedia pages also show up prominently on Google search results.

Global Tax Guru said...

Dear Arun,
Thank you very much for this valuable suggestion.i have started one social networking site
http://indirecttax.ning.com/.
This is about sharing knowledge of indirect taxation, which are currently debated by the corporate.

The current blog is to help mass or individual who does not wish to import on commercial basis but want to buy and sell on personal capacity.i will be happy that if you provide links and reference to as much possible to user groups,networking sites and a possible link to wiki.I am new to net use,hence, i am in learning process.
It is because of paucity of time , i am not regular in posting. But my interest will be sustained if i receive constant feed back from person like you.
keep inspiring me.
regards
ravindra

Nitin said...

Hi Ravinder,

Recently I've bought an 3d Graphics crd from ebay for 269USD. It has been more than 2 weeks and I'vent recvd the package. It was shipped through USPS and an label # was provided to track it. After an week of purchase around 7th of Oct it was mentioned that the package is @ awaiting customs clearance in india. However i'vent recvd any information about it. No one has tried to contact me and now i'm starting to get very anxious as I've already made the payment. Please suggest what should be done in this situation.?
Thanks & Regards
Nitin Sood

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