Classification of ebook reader is CTH 8543 70 99

e Book reader is having individual function of displaying text. Rightly classifiable under CTH 8543 70 99  , for importing into India.
Regards
Ravindra Kumar
Global Tax Guru
www.globaltaxguru.in

custom duty on LED TV 32"

Dear Sir,

Thank you very much for your timely help.

Regards,

Vishwanathan.K

On Sat, Aug 21, 2010 at 12:30 PM, ravindra kumar <ravindrakumar_iitd@yahoo.co.in> wrote:

Dear Vishwanathan,                                    Pl visit my site www.baggage.globaltaxguru.in for duty liability.     Thanks and regards Ravindra Kumar www.globaltaxguru.in --- On Sat, 21/8/10, vishwanathan krishnamurthy <vishica@gmail.com> wrote: From: vishwanathan krishnamurthy <vishica@gmail.com> Subject: help regarding custom duty on LED TV 32" To: ravindrakumar_iitd@yahoo.co.in Date: Saturday, 21 August, 2010, 3:07 AM Dear Sir, Let me introduce myself I am Viswanathan.K staying in Ras Al Khaimah (UAE). I got your mail ID from a Blog. I am going for my first vacation. I am planning to take a new samsung LED TV 32"  for my family. The value of it is around Rs. 32000/- (AED 2,500/-)  I just want to know is it a dutiable item? If Yes then how much they levy as duty. Your reply will be of great help to me  in planning my travel.  Thanks in advance. --  with regards, viswanathan.k.

SAMPLE:Laws relating for import and export of samples through Post, Courier and Baggage

Import of samples -Para 2.18 of FTP- Import of samples shall be governed by HBP v1.

Export of Samples Para of 2.3of FTP - Export of samples and Free of charge goods shall be governed by provisions given in HBP v1.

Export / Import by Post / Courier -Para 6.23 of Foreign Trade Policy (FTP)-Goods including free samples, may be exported / imported by airfreight or through foreign post office or through courier, as per Customs procedure.

Passenger Baggage - Para 2.20 of FTP -Samples of such items that are otherwise freely importable under FTP may also be imported as part of passenger baggage without an Authorisation.

Exporters coming from abroad are also allowed to import drawings, patterns, labels, price tags, buttons, belts, trimming and embellishments required for export, as part of their passenger baggage without an Authorisation.

Handloom- SPECIAL FOCUS INITIATIVES CHAPTER- Para 1 B (IV)(c) of FTP- Duty free import entitlement of hand knotted carpet samples is 1 % of FOB value of exports during previous financial year.

Gems & Jewellery- Para 1 B (vii) (c)- Duty free import entitlement of commercial samples shall be Rs. 300,000

2. 
   
   No Duty on Samples and Prototypes :

There is no duty on Free Sample, Commercial samples,prototypes and price Lists ( Supplied free of cost),if they satify conditions of Notification No 154/ 13.07.94 read with Geneva Convention of 7 November, 1952, imported through Post, Courier,Baggage or Air Cargo.

No duty for Gifts, Life saving drugs

I- No duty for Gifts

a) Bonafide gifts imported through Post and Courier- Upto Rs 10,000/-, No duty.

(Notification No 171/16.09.93(Amended)

b) BAGGAGE- Gift and donations -Relief goods and edible material-No duty

( Notification No 148/ 13.07.94)

                      -Gifts to Ministers and Public Servants- no duty- Notification No 326/23.12.83

II- NO duty- for Life Saving Drugs for Personal use import by Post or Air

(Notification no 21/2002 ,S.NO.403,CONDITION 8, List 4.)

III- No duty-Post Parcel import for personal use value not more than Rs 100

(Notification no 21/2002 ,SN NO. 406.)

IV- No duty – On used bonafide personal effects of deceased Persons

(Notification no 21/2002 ,SN NO. 405.)

V- No duty- on Foodstuffs imported by person residing in India, but not being Citizen of

India, upto Rs 1,00,000/- in a Financial Year-

[ Notification No 207/17.07.89 ( Amended)].

VI- No duty- For buying goods at Duty Free shop upto Rs 5000/- per passanger per visit

(F.No. 495/7/2005-Cus.VI MOF,DOR dated 26.09.2005)

Gifts-You should send or receive gifts but not tension or worries.

You should send or receive gifts but not tension or worries.

Sending and receiving gifts are very personal and emotional issues in ones life.If you are likely to receive gifts from a friend or relatives or for that matter any person, from any place out side India,or,sending gifts to any place out side India. There are ways and mean to receive or send gifts without any worries. Only ,you need to have plan and get awared to existing laws and practice related to import and export of gifts in India.

Mainly ,Indian Customs is for leving and collecting duty on goods, DGFT is for deciding imortability and exportability of goods , and RBI is for

foreign exchange related to such goods.

Large number of gifts and goods for personal use are imported and exported through Post, Courier and Air.

It is advisable to be in touch with websites of Govt of India to have information on issue related to Gifts. In addition to this , you may visit my blog ,www.personalimport.blogspot.com , which i am writing since 2006.

To check whether you are eligible for free gifts ( without any duty) ,or, liable to pay duty,or, liable to pay fine and penalty in addition to duty,or,gifts being

prohibitive in nature and will not be released by Customs. You may visit my site www.globaltaxguru.in  and select your mode of import such as Post, Courier, and Air cargo.

If you have selected Post then default screen will have

Personal Button as selected, you have to select Gift then enter product name,and, submit, you will get desired information.

In case you are selecting Courier or Air cargo then you have to follow this procedure: enter product name, select product, you will know customs classification, merit rate of duty, licencing conditions. If goods is restricted then you have to pay fine and penalty ,in addition to duty( If any), if you are not producing licence from DGFT. Prohibitive goods will not be released by the Customs ,even they are send as gift.

Important laws govering gifts are:-

For Licencing:

-Import of Gifts - Para 2.19 of Foreign Trade Policy (FTP) ,27th August 2009 - 31st March 2014,

Import of gifts shall be permitted where such goods are otherwise freely importable under FTP. In other cases, aCustoms Clearance Permit (CCP) shall be required from

DGFT.

- Export of Gifts, - Para 2.32 of Foreign Trade Policy (FTP), Goods, including edible items, of value not exceeding Rs.5,00,000 /- in a licensing year, may be exported as a gift.

However, items mentioned as restricted for exports in ITC (HS) shall not be exported as a gift, without an Authorisation.

For Customs Duty :

I- No duty for Gifts

a) Bonafide gifts imported through Post and Courier- Upto Rs 10,000/-, No duty.

(Notification No 171/16.09.93(Amended)

b) BAGGAGE- Gift and donations -Relief goods and edible material-No duty

( Notification No 148/ 13.07.94)






     Gifts to Ministers and Public Servants- no duty- Notification No 326/23.12.83

II- NO duty- for Life Saving Drugs for Personal use import by Post or Air

(Notification no 21/2002 ,S.NO.403,CONDITION 8, List 4.)

III- No duty-Post Parcel import for personal use value not more than Rs 100

(Notification no 21/2002 ,SN NO. 406.)

IV- No duty – On used bonafide personal effects of deceased Persons

(Notification no 21/2002 ,SN NO. 405.)

V- No duty- on Foodstuffs imported by person residing in India, but not being Citizen of

India, upto Rs 1,00,000/- in a Financial Year-

[ Notification No 207/17.07.89 ( Amended)].

VI- No duty- For buying goods at Duty Free shop upto Rs 5000/- per passanger per visit

(F.No. 495/7/2005-Cus.VI MOF,DOR dated 26.09.2005)

Find out what is best way of importing ipad into India.

If  you are importing ipad into india and buying from ebay or Amazon

,then site www.globaltaxguru.in shows Customs tariff  heading,Rate of Duty,

 Licencing conditions,   assessable value to calculate customs duty amount ,

total landing cost. Further, what will be duty if ipad is imported

 for different purpose such as Personal import, gift, commercial use,

 repair, return and replacement. Also it shows 

what would be customs rate of duty for ipad 

if imported through courier, air cargo, sea cargo.

 Bona-fide Gift upto Rs 10,000/- are without any duty

if imported through Courier.

Regards

Ravindra Kumar

ipad will attract less customs duty if retail price is declared on Pre-packaged ipad before importing into India

ipad is attracting duty @ 14.71%. But if you are importing ipad and it is in pre-packaged conditions and retail price is already declared,then,  4 % SAD is not paid ( As per Notification 29/2010 - Customs, dated 27-02-2010 ) . Customs duty on ipad is reduced from 14.71% to 10.3%. You can visit my website www.globaltaxuru.in for duty calculation and landing cost.

Global Tax Guru

New Rupee symbol

The new Rupee symbol  has been added  to our Global  Tax Guru site for import and export community.
Regards
Ravindra Kumar
Global Tax Guru

Import of Multichannel GSM/CDMA receivers, transmitters and transreceivers capable of receiving or transmitting or both in two or more frequencies simultaneously shall be “restricted”.

                                      Now actual user only allowed to import these items. There is no change in duty.
                                       There is a confusion ,whether this notification is restricting Mobile phone based on                  
                                        GSM  or  CDMA technology or Telecome equipment.
                                          The DGFT  notification does not give any tariff heading classification along with policy restricting. But as per The Economic Times ,page 7,Delhi edition, it is restricting only telecom equipments.

Global Tax Guru: Customs duty on LED 3D TV is now 26.85%

Global Tax Guru: Customs duty on LED 3D TV is now 26.85%

Customs duty on LED 3D TV is now 26.85%

LED TVs are technically a member of the LCD TV family. The display screen on a LED is a liquid crystal display the same as it is on any other LCD TV. The main difference between the two lies with different backlighting techniques which may change the picture quality characteristics dramatically ( Source: http://www.lcdtvbuyingguide.com/hdtv/led-vs-lcd.html)

if LED  3 D TV size is below  63 cm then ,it is to be classified  under CTH 85287218,
otherwise,it is under CTH 85287219. Total duty @ 26.85%.

 No import licence is required.                         
Regards
Ravindra Kumar
www.globaltaxguru.in

Confusion regarding customs duty on mobile phone

There is only one duty on mobile phone, which is duty of excise, called NCCD, which is equivalent to 1%. There
is also education cess @ 3 % on this 1%. Therefore, total duty on mobile phone is 1.03%.  Further , mobile phone is charged  excise duty @ 1.03%  on its MRP price
 ( After abatement),if domestically produced. But, if  mobile phone is imported than duty is calculated based on  value ( Assessable value +customs duty) and  abetted  MRP value ( After abatement), which ever gives less duty.
Regards
Ravindra Kumar
www.globaltaxguru.in

Customs duty on set top box for TV and internet

Customs duty on set top box for internet attract customs duty @ 15.03%. Where as set top box for TV attract customs duty @ 20.94%. If it is received as bonafide gift through courier then it it can be received without paying any duty if it valued up to Rs 10,000/-. However,if imported as bonafide gift through Post then Upto Rs 2000/-(C.I.F) is allowed without any duty .

Customs duty on set top box, If you are bringing through baggage ,then your duty liability will change as per your age,stay or bringing as un accompanied baggage,etc. It is freely importable but require licence for importing through Postal after Rs 2000/-(C.I.F). You may visit my sites :www.baggage.globaltaxguru.in ( for baggage); www.postal.globaltaxguru.in (for Postal);

www.courier.globaltaxguru.in ( for courier) and www.ebay.globaltaxguru.in ( if you are an ebay user).

If you want to compare rate of duty for different mode of import such as courier,postal,baggage, air cargo and sea cargo ,then , you can visit www.globaltaxguru.in.

Warm regards

Ravindra Kumar

Customs duty on plasama TV

Customs duty on plasama Tv after budget is 26.85%. If you are bringing plasama tv through baggage ,then your duty liability will change as per your age,stay or bringing as un accompanied baggage,etc. It is freely importable but require licence for importing through Postal. You may visit my sites :http://www.baggage.globaltaxguru.in ( for baggage); http://www.postal.globaltaxguru.in (for Postal);

http://www.courier.globaltaxguru.in ( for courier) and http://www.ebay.globaltaxguru.in ( if you are an ebay user).

If you want to compare rate of duty for different mode of import such as courier,postal,baggage, air cargo and sea cargo ,then , you can visit http://www.globaltaxguru.in.

Warm regards

Ravindra Kumar

import of polished or rough stone or diamond

You can import rough and polished stone through air cargo, get import export code from DGFT ,Meet any nationalized bank for foreign remittance. Hire registered Customs House Agent for assisting in customs clearance.It is simple and lot of people are already doing. One can also explore through postal medium.

Regards

Ravindra Kumar

iPAD will attract Customs duty @ 14.71 %

If any body wish to import into India, ipad will attract customs duty @ 15.03%. Bonafide gift of ipad Value upto Rs 10,000/- is without any duty if imported through Courier. However , value of ipad if exceed Rs 2000/-(C.I.F) through postal then ,it is restricted, attracts fine and penalty,in additions to duty.One can visit my site www.ebay.globaltaxguru.in ,if you are buying from ebay, or www. postal.globaltaxguru.in if importing through Postal or www.courier.globaltaxguru.in ,if importing through courier.

There are different rate of duty if imported for different purpose such as personal use, commercial use, repair ,return and replacement for many goods.

Explore www.ebay.globaltaxguru.in for purchasing goods from ebay

i have already integrated my site www.ebay.globaltaxgurur.in to ebay and amazon.It is working fine with ebay.you can enter any product ,it will fetch value and shipping cost from ebay then it will ask you other detail to show rate of duty, total duty amount, landing cost,what is duty saving if imported through Post,Courier,Baggage,sea cargo and air cargo.Further duty variability as per purpose such as gift,personal use, commercial use, repair, return.Our Indian tax system is complex and require lot of effort to make it easy to understand for common man.
pl explore my site which is still under development and send me your feedback.
Regards
Ravindra Kumar

Duty on toys @ 14.712 %. but require import compliance for safety issue

Duty on toys @ 14.712 %. import of toys are to satisfy various safety requirement as per ISO 8124 ,IS 9873 of BIS.It is advisable that you either visit or contact DGFT office or website for more information. Inport of toys are restricted from some country.

If some body is interested to know duty,import conditions for importing toys from ebay,may visit www.ebay.globaltaxguru.in or www.globaltaxguru.in.

i will appreciate feedback ,if any body use it.
Regards,
Ravindra Kumar

Customs duty on digital camera is now 26.85%

Digital camera attracts duty @ 26.85% and same duty is for Video camera recorder. Gift of Digital camera utpo Rs 10,000/- still without duty if imported through Courier. But same value of camera will attract fine and penalty ,in addition to duty, if imported through Post.

Ravindra Kumar

Customs duty on LCD TV is now 26.85%

After current budget ,LCD TV attract duty @ 26.85 %. This duty is same if you are importing through air cargo,sea cargo and Courier. Further LCD TV is MRP item. To calculate CVD, whether it is based on basic customs duty or value arrived after giving abatement of 30% on MRP.

one can explore my website www.globalatxguru.in ,or, www.ebay.globaltaxguru.in for more information.

Regards

Ravindra Kumar