what we do

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.

Thursday, September 04, 2008

What is import duty on LCD monitor

If it is LCD monitor and not LCD TV than there will be no Customs duty .But other duty like central excise duty 14%,education cess 3% and Additional duty of 4% will be collected.The central excise duty is also calculated based on MRP price in India by giving 23% abatment on declared MRP price.Which ever duty is more ,central excise duty based on 14% or the MRP based duty,will be taken as excise duty.

The rate of duty on LCD monitor for computer is same whether it is imported or manufactured in India.The deciding factor is the price in India,service after sales and availability of particular brand in INDIA.Based on above fact, you may decide whether you have to buy in India or abroad.
Ravindra Kumar

How to import used Gramophone at eBay

There is email exchange on the import of Gramophone between me and Shardul . It is in reverse order.
Dear Shardul,
I happy to read that you have received your parcel.There is overall thrust in the Govt to act as facilitator.The goods intended for personal use are not revenue driven compared to commercial goods. Any goods even charged duty only if the the duty payable increase more than Rs 100/-.
regards
Ravindra Kumar

Dear Sir,

I got my records passed duty free. In fact two different parcels. One from UK and the other from US. Is it that low value items are generally cleared without much hassle?

Regards
Shardul
On Wed, Sep 3, 2008 at 2:02 AM, Shardul Sharma <shardul1004@gmail.com> wrote:
Thank you, sir for your reply. Highly apprecited. Great work truly.

Best regards
Shardul

Thank you, sir for your reply. Highly apprecited. Great work truly.

Best regards
Shardul
On 9/2/08, ravindra kumar <http://in.f941.mail.yahoo.com/ym/Compose?To=ravindraeakumar_iitd@yahoo.co.in> wrote:
Dear Shardul,
Thanks for appreciation. The second hand goods import attract fine and penalty,in addition to duty.Therefore, the customs may levy nominal penalty and release your goods.But before imposing any fine and penalty,you will get detention letter from Customs.Hence,you should worry only after getting detention letter.Some times goods are released on warning ,depending upon go reply to my quarey.enuineness of the case . As far duty is concerned,normally @ 17.34% on personal import.
war sir for you help and taking out time tm regards
Ravindra Kumar
Shardul Sharma <http://in.f941.mail.yahoo.com/ym/Compose?To=shardul1004@gmail.com> wrote:
Dear Sir,

You're blog is fantastic for someone who has any doubts about exports and imports. Very, very informative. I am a music lover and have bought rock t-shirts and audio Cd's from eBay regularly. The value of the products did not exceed $25 at anytime. Till date I have not faced any custom issue. However, recently I have bought 8 old and used gramophone records from eBay UK. The value of these records are again very low at about 13 pounds plus shipping cost of 16 pounds which totals up to 29 pounds or almost 2400 rupees. This is the first time i am buying gramophone records.

Will this parcel attract any import duties and how much?

Thanking you

Best regards
Shardul Sharma

google analytics

newAD

LinkShare  Referral  Prg
drugstore.com, inc.
Google
The Right Gift at the Right Price