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.
